IPW - iPower Signs Non-Binding LOI for Proposed $6 Million GPU DeploymentProposed 36-month equipment lease may expand to approximately $60 m
IPW - iPower Signs Non-Binding LOI for Proposed $6 Million GPU DeploymentProposed 36-month equipment lease may expand to approximately $60 million in aggregate contemplated contract value
Story updates
04:09:56 PM UTC
SquawkNews
IPW +13% following noon PR: Ipower Signs Non-Binding LOI for Proposed $6M GPU Deployment -The proposed initial deployment would involve GPU systems with an expected acquisition value of approximately $6M and an anticipated lease term of approximately 36 months following installation and Acceptance, with the potential to expand to approximately $60M in aggregate contemplated contract value, including the initial phase, following a successful initial deployment.
IPW +13% following noon PR: Ipower Signs Non-Binding LOI for Proposed $6M GPU Deployment -The proposed initial deployment would involve GPU systems with an expected acquisition value of approximately $6M and an anticipated lease term of approximately 36 months following installation and Acceptance, with the potential to expand to approximately $60M in aggregate contemplated contract value, including the initial phase, following a successful initial deployment.