iPower Inks Five-Year Non-Binding Letter Of Intent With Undisclosed Client For AI Computing Equipment; Client Identifies Initial Fleet Of 48 Units At Proposed Rate Of $4,608 Per Month Or Up To $21.9M On Annually For Five Years

iPower Inc. (Nasdaq: IPW) has signed a non-binding letter of intent with an undisclosed client for a five-year AI computing equipment services agreement. The client plans to start with an initial fleet of 48 units, potentially expanding to 396 units by 2027, at a proposed rate of $4,608 per unit per month. This could generate up to $21.9 million annually if fully realized, with the initial 48 units alone representing approximately $2.65 million in annualized fees.