iPower plans AI hardware leasing subsidiary with no deals signed yet
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iPower to Form Dedicated AI Subsidiary to Pursue AI Hardware Leasing Business
July 21, 2026 10:30 AM EDTRANCHO CUCAMONGA, Calif., July 21, 2026 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) ("iPower" or the "Company") today announced plans to form a dedicated artificial intelligence subsidiary focused on AI hardware leasing and potential compute resource distribution opportunities. Through the subsidiary, iPower intends to evaluate acquiring AI computing hardware and leasing that hardware to prospective customers. The Company is currently in discussions with prospective customers that have expressed preliminary, non-binding interest in leasing such equipment if and when it is acquired and available for deployment.
The proposed business model is... More
