Alset AI Acquires Tokens of World's Largest Decentralized Artificial Intelligence Computing Network
Alset AI Ventures has announced strategic acquisitions in the cryptocurrency and decentralized AI computing sectors. The company acquired 12,868 io.net (IO) tokens at an average cost of approximately C$4.30 (USD$3.00) per token, gaining exposure to the world's largest decentralized AI computing network. The transaction was executed through WonderFi Technologies' Bitbuy platform.
Additionally, Alset AI purchased 185.2 Solana (SOL) tokens on January 14, 2025, as part of its strategy to diversify its balance sheet before the IO token acquisition. These investments align with the company's commitment to advancing decentralized ecosystems and supporting scalable, cost-effective AI infrastructure solutions that promote technology democratization.
Alset AI Ventures ha annunciato acquisizioni strategiche nei settori delle criptovalute e del calcolo decentralizzato basato sull'IA. L'azienda ha acquisito 12.868 token io.net (IO) a un costo medio di circa C$4,30 (USD$3,00) per token, guadagnando accesso alla rete di calcolo decentralizzato basato sull'IA più grande al mondo. La transazione è stata eseguita attraverso la piattaforma Bitbuy di WonderFi Technologies.
Inoltre, Alset AI ha acquistato 185,2 token Solana (SOL) il 14 gennaio 2025, come parte della sua strategia di diversificare il proprio bilancio prima dell'acquisizione dei token IO. Questi investimenti sono in linea con l'impegno dell'azienda a promuovere ecosistemi decentralizzati e a sostenere soluzioni infrastrutturali per l'IA scalabili e economicamente vantaggiose, che favoriscano la democratizzazione della tecnologia.
Alset AI Ventures ha anunciado adquisiciones estratégicas en los sectores de criptomonedas y computación descentralizada basada en IA. La compañía adquirió 12,868 tokens io.net (IO) a un costo promedio de aproximadamente C$4.30 (USD$3.00) por token, obteniendo exposición a la red de computación descentralizada basada en IA más grande del mundo. La transacción se llevó a cabo a través de la plataforma Bitbuy de WonderFi Technologies.
Además, Alset AI compró 185.2 tokens Solana (SOL) el 14 de enero de 2025, como parte de su estrategia para diversificar su balance general antes de la adquisición de tokens IO. Estas inversiones están alineadas con el compromiso de la empresa de avanzar en ecosistemas descentralizados y apoyar soluciones de infraestructura de IA escalables y rentables que promuevan la democratización de la tecnología.
Alset AI Ventures는 암호화폐 및 분산형 AI 컴퓨팅 분야에서 전략적 인수를 발표했습니다. 이 회사는 12,868 io.net (IO) 토큰을 평균 약 C$4.30 (USD$3.00)의 비용으로 인수하여 세계에서 가장 큰 분산형 AI 컴퓨팅 네트워크에 대한 노출을 얻었습니다. 이 거래는 WonderFi Technologies의 Bitbuy 플랫폼을 통해 실행되었습니다.
또한, Alset AI는 2025년 1월 14일에 185.2 Solana (SOL) 토큰을 구입하여 IO 토큰 인수 이전에 재무 상태를 다각화하기 위한 전략의 일환으로 삼았습니다. 이러한 투자들은 기술 민주화를 촉진하는 비용 효율적인 AI 인프라 솔루션을 지원하고 분산 생태계를 발전시키겠다는 회사의 약속과 일치합니다.
Alset AI Ventures a annoncé des acquisitions stratégiques dans les secteurs des cryptomonnaies et du calcul décentralisé basé sur l'IA. La société a acquis 12.868 tokens io.net (IO) à un coût moyen d'environ C$4,30 (USD$3,00) par token, obtenant ainsi une exposition au plus grand réseau de calcul décentralisé basé sur l'IA au monde. La transaction a été réalisée via la plateforme Bitbuy de WonderFi Technologies.
De plus, Alset AI a acheté 185,2 tokens Solana (SOL) le 14 janvier 2025, dans le cadre de sa stratégie de diversification de son bilan avant l'acquisition des tokens IO. Ces investissements s'alignent sur l'engagement de l'entreprise à faire progresser les écosystèmes décentralisés et à soutenir des solutions d'infrastructure IA évolutives et rentables qui favorisent la démocratisation de la technologie.
Alset AI Ventures hat strategische Übernahmen in den Bereichen Kryptowährungen und dezentrale KI-Computing angekündigt. Das Unternehmen erwarb 12.868 io.net (IO) Tokens zu einem durchschnittlichen Preis von etwa C$4,30 (USD$3,00) pro Token und gewann damit Zugang zum weltweit größten dezentralen KI-Computing-Netzwerk. Die Transaktion wurde über die Bitbuy-Plattform von WonderFi Technologies ausgeführt.
Darüber hinaus kaufte Alset AI am 14. Januar 2025 185,2 Solana (SOL) Tokens als Teil seiner Strategie, die Bilanz vor dem Erwerb der IO-Token zu diversifizieren. Diese Investitionen stehen im Einklang mit dem Engagement des Unternehmens zur Förderung dezentraler Ökosysteme und zur Unterstützung skalierbarer, kostengünstiger KI-Infrastrukturlösungen, die die Demokratisierung von Technologien fördern.
- Strategic acquisition of 12,868 io.net tokens provides exposure to decentralized AI computing network
- Portfolio diversification through 185.2 Solana tokens investment
- Leverages established cryptocurrency trading platform (Bitbuy) for secure transactions
- Significant capital allocation to volatile crypto assets
- Exposure to cryptocurrency market risks
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News Release Highlights:
Strategic Acquisition of io.net (IO) Tokens: Alset AI has acquired 12,868 io.net (IO) tokens, gaining exposure to the world's largest decentralized AI computing network, supporting the democratization of access to high-performance computing infrastructure and graphic processing units (GPUs).
Diversification through Solana (SOL) Investment: As part of its forward-thinking strategy, Alset AI acquired 185.2 Solana (SOL) tokens, showcasing confidence in decentralized technologies and expanding its financial positioning into the growing crypto market.
The acquisitions of io.net and Solana tokens underscore Alset AI's commitment to advancing decentralized ecosystems and supporting scalable, cost-effective AI infrastructure solutions that support the democratization of technology.
VANCOUVER, BC / ACCESS Newswire / January 21, 2025 / Alset AI Ventures Inc.(TSXV:GPUS)(OTC:ALSCF)(FSE:1R60, WKN:A3ESVQ)("Alset AI" or the "Company") an artificial intelligence (AI) venture company advancing innovation through strategic investment and cloud computing solutions, announces the initial acquisition of 12,868 io.net (IO) tokens with an average cost basis of approximately C
Moreover, On Tuesday, January 14, 2025, the Company strategically acquired Solana (SOL) tokens as part of its initiative to diversify its balance sheet ahead of acquiring io.net tokens. This forward-looking investment underscores the Company's confidence in the growth of decentralized technologies and its dedication to building a robust financial foundation. The Company purchased 185.2 SOL at an average cost basis of C
About io.net
io.net is a decentralized graphic processing unit (GPU) network designed to provide scalable and cost-effective computing power for AI and machine learning applications. Its native cryptocurrency built on the Solana blockchain, the $IO token, plays a central role in the platform's ecosystem, facilitating transactions, incentivizing participation, and ensuring network security.
io.net aggregates underutilized GPUs from various sources, including independent data centers, idle cryptocurrency mining farms, and individual consumers, creating a decentralized network that offers computing power at significantly lower costs compared to traditional cloud providers. This model not only maximizes resource utilization but also democratizes access to high-performance computing, enabling a broader range of researchers and organizations to engage in AI-driven innovations.
Key Highlights:
Strategic Purpose:
Acquiring io.net tokens allow Alset AI to actively participate in io.net's decentralized AI ecosystem, supporting network governance, token staking, and ecosystem growth. This acquisition positions Alset AI as an early adopter of decentralized AI ecosystems, expanding its competitive advantage in the AI industry.Alignment with Decentralized AI Goals:
io.net's decentralized platform aligns with Alset AI's vision for scalable, secure AI solutions. The tokens provide exposure to the decentralized ecosystem and foster potential future participation by Alset AI and/or its portfolio companies.Portfolio Company Synergy:
This initiative complements Alset AI's investment in Cedarcross Technologies by integrating decentralized solutions that align with the Company's broader cloud computing strategy, enabling scalable and efficient deployment of advances AI technologies.
Management Commentary
"Our acquisition of io.net tokens is a significant milestone in our journey to transform how artificial intelligence is developed and deployed, and to integrate io.net's platform with our strategic initiatives," said Adam Ingrao, CEO of Alset AI. "The fixed supply, disinflationary emissions, and token burn mechanisms are designed to support long-term value appreciation. Additionally, io.net's innovative approach to providing cost-effective and scalable AI computing resources positions it favorably in the growing AI and machine learning market. These tokens are more than an investment; they are a gateway to harnessing the immense potential of decentralized AI."
Token Investment Committee
The Company also announces it anticipates forming a Token Investment Committee. This committee will provide governance and strategic guidance for the Company's token-related investments, ensuring that these efforts align with long-term objectives and deliver sustainable value for stakeholders. Alset AI's Token Investment Committee will also evaluate opportunities within the token economy, and help guide the Company's participation in decentralized networks. This initiative underscores Alset AI's commitment to a structured and strategic approach to participating in the rapidly evolving decentralized AI landscape, and is the company's first strategic move to build a balance sheet that includes decentralized opportunities that could have significant upside possibilities.
Restricted Share Units (RSUs)
The Company also announces that it has granted 2,900,000 restricted stock units (the "RSUs") to certain directors, officers, and consultants of the Company pursuant to the Company's omnibus incentive plan. The RSUs shall vest 12 months from the date of grant, in accordance with applicable exchange policies and the Company's omnibus incentive plan. The RSUs grants are subject to the approval of the TSX Venture Exchange (the "TSXV").
Debt Settlement
The Company also announces it intends to settle debt totaling
Each Debt Settlement Unit will consist of one Debt Share and one transferable common share purchase warrant (each, a "Debt Settlement Warrant"), with each Debt Settlement Warrant exercisable to purchase one additional common share of the Company (each, a "Debt Settlement Warrant Share") at an exercise price of
Certain Related Parties to the Company may participate in the Debt Settlement for up to 788,330 Debt Shares and such participation may constitute a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI61-101"). Pursuant to the Policies of the TSXV, any Related Party to the Company shall receive Debt Settlement Shares only and no Debt Settlement Warrants. The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101 on the basis that participation in the Debt Settlement by insiders will not exceed
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.
On behalf of Alset AI Ventures Inc.
"Adam Ingrao"
Adam Ingrao
Chief Executive Officer
About Alset AI Ventures Inc.
Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high-potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth.
About io.net
Io.net is a decentralized GPU network that provides scalable and cost-effective computing power for machine learning and AI applications. By aggregating underutilized GPUs from independent data centers, crypto miners, and consumer hardware, io.net offers on-demand access to global GPU resources, enabling rapid deployment of clusters for AI development. With a commitment to accessibility, efficiency, and innovation, io.net empowers AI startups and developers to accelerate their projects with unparalleled speed and affordability.
For further information about Alset AI Ventures Inc., please contact:
Adam Ingrao, Chief Executive Officer
T: 1-236-312-6744
E: ir@alsetai.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements within the meaning of applicable Canadian securities legislation. Forward-looking statements are identifiable by terms such as "anticipates," "expects," "believes," "intends," "plans," "forecasts," "may," "will," "could," "should," and similar expressions, as they relate to the Company or its management. These statements include, but are not limited to, discussions regarding the Company's strategic acquisition of io.net tokens and Solana tokens, the anticipated benefits of participating in decentralized AI ecosystems, the role of these acquisitions in advancing AI infrastructure solutions, the anticipated formation of the Token Investment Committee, the TSXV's approval of the Debt Settlement, and the completion of the Debt Settlement as anticipated or at all. Forward-looking statements are based on the Company's current expectations, estimates, and assumptions, including assumptions about: the successful implementation of io.net's decentralized GPU network; the growth and adoption of decentralized technologies; the scalability, security, and cost-effectiveness of these solutions; the Company's ability to leverage these technologies to enhance innovation in AI; the regulatory approval processes; and the ability of the Token Investment Committee to effectively guide token-related investments. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks include, but are not limited to: challenges in the adoption or implementation of decentralized AI and blockchain technologies; risks associated with cryptocurrency market volatility, including fluctuations in the value of io.net and Solana tokens; regulatory changes affecting the AI, blockchain, or cryptocurrency industries; economic and market volatility; potential delays or failures in obtaining TSXV approval for the Debt Settlement; competition from other AI or decentralized platforms; strategic alignment challenges related to the integration of decentralized technologies; and risks related to the Company's ability to execute its strategic initiatives effectively. Additional risks and uncertainties are outlined in the Company's filings with Canadian securities regulators, available at www.sedarplus.ca. Forward-looking statements speak only as of the date of this release. The Company undertakes no obligation to update or revise any forward-looking statements to reflect new information, future events, or otherwise, except as required by law. Investors are cautioned not to place undue reliance on forward-looking statements, as actual results may differ materially from those expressed or implied herein.
SOURCE: Alset AI Ventures Inc.
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