iPower Plans AI Hardware Leasing Subsidiary

iPower Inc. confirmed plans to form a dedicated artificial intelligence subsidiary, iPower AI LLC, to focus on acquiring or financing AI hardware for leasing and on a compute resource distribution model that would provide capacity to customers, data centers, and infrastructure partners. The company said it is evaluating hardware acquisitions, leasing arrangements, and upfront payments, subject to credit reviews and hardware availability, with preliminary, non-binding interest from prospective customers. Management described the subsidiary as a vehicle to meet demand for AI computing power without requiring customers to buy or directly manage hardware. The initiative is positioned within iPower’s broader push into AI infrastructure and financing, though no definitive agreements have been signed yet. iPower also noted that the new subsidiary and its activities are expected to integrate with existing financing arrangements, including a securities purchase agreement and convertible note facility, with iPower AI LLC joining a guaranty related to that facility. Overall, the rollout signals a strategic pivot toward AI hardware leasing and capacity distribution as a growth avenue for the company.