Alset AI Completes Majority Acquisition of AI Cloud Computing Company Cedarcross Technologies
Alset AI Ventures (ALSCF) has completed the acquisition of an additional 26% stake in Cedarcross Technologies, bringing its total ownership to approximately 75%. The acquisition, effective February 24, 2025, strengthens Alset's position in the AI cloud computing sector.
Cedarcross Technologies operates through two main verticals: AI HPC Leasing, providing SMEs access to Nvidia GPU-powered computing infrastructure, and AI HPC Hardware Distribution through a partnership with Earthmade Computer Corp., an authorized Super Micro distributor.
The transaction involved issuing 19,999,988 common shares at a deemed price of $0.075 per share, totaling approximately $1.5 million. The consideration shares are subject to a restricted period until June 25, 2025. The acquisition remains subject to final TSX Venture Exchange approval.
Alset AI Ventures (ALSCF) ha completato l'acquisizione di una partecipazione aggiuntiva del 26% in Cedarcross Technologies, portando la sua proprietà totale a circa il 75%. L'acquisizione, effettiva dal 24 febbraio 2025, rafforza la posizione di Alset nel settore del cloud computing AI.
Cedarcross Technologies opera attraverso due principali verticali: AI HPC Leasing, che offre alle PMI accesso a infrastrutture di calcolo alimentate da GPU Nvidia, e AI HPC Hardware Distribution attraverso una partnership con Earthmade Computer Corp., un distributore autorizzato di Super Micro.
La transazione ha comportato l'emissione di 19.999.988 azioni ordinarie a un prezzo presunto di $0,075 per azione, per un totale di circa $1,5 milioni. Le azioni di considerazione sono soggette a un periodo di restrizione fino al 25 giugno 2025. L'acquisizione è ancora soggetta all'approvazione finale della TSX Venture Exchange.
Alset AI Ventures (ALSCF) ha completado la adquisición de un 26% adicional en Cedarcross Technologies, elevando su participación total a aproximadamente el 75%. La adquisición, efectiva a partir del 24 de febrero de 2025, fortalece la posición de Alset en el sector de computación en la nube de IA.
Cedarcross Technologies opera a través de dos verticales principales: AI HPC Leasing, que proporciona a las pymes acceso a infraestructura de computación impulsada por GPU Nvidia, y AI HPC Hardware Distribution mediante una asociación con Earthmade Computer Corp., un distribuidor autorizado de Super Micro.
La transacción involucró la emisión de 19,999,988 acciones comunes a un precio considerado de $0.075 por acción, totalizando aproximadamente $1.5 millones. Las acciones de consideración están sujetas a un período de restricción hasta el 25 de junio de 2025. La adquisición sigue sujeta a la aprobación final de la TSX Venture Exchange.
Alset AI Ventures (ALSCF)는 Cedarcross Technologies의 추가 26% 지분 인수를 완료하여 총 소유 지분을 약 75%로 늘렸습니다. 이 인수는 2025년 2월 24일부터 유효하며, Alset의 AI 클라우드 컴퓨팅 분야에서의 입지를 강화합니다.
Cedarcross Technologies는 두 가지 주요 수직을 통해 운영됩니다: AI HPC Leasing, 중소기업에 Nvidia GPU 기반의 컴퓨팅 인프라에 대한 접근을 제공하며, AI HPC Hardware Distribution는 Earthmade Computer Corp.와의 파트너십을 통해 이루어집니다. Earthmade Computer Corp.는 Super Micro의 공인 유통업체입니다.
이번 거래는 주당 $0.075의 가격으로 19,999,988주를 발행하는 것으로, 총 약 $150만 달러에 해당합니다. 고려된 주식은 2025년 6월 25일까지 제한 기간이 적용됩니다. 인수는 최종 TSX Venture Exchange 승인을 기다리고 있습니다.
Alset AI Ventures (ALSCF) a finalisé l'acquisition d'une participation supplémentaire de 26 % dans Cedarcross Technologies, portant sa participation totale à environ 75 %. L'acquisition, effective le 24 février 2025, renforce la position d'Alset dans le secteur de l'informatique en nuage AI.
Cedarcross Technologies opère à travers deux principaux secteurs : AI HPC Leasing, offrant aux PME un accès à une infrastructure informatique alimentée par des GPU Nvidia, et AI HPC Hardware Distribution par le biais d'un partenariat avec Earthmade Computer Corp., un distributeur agréé de Super Micro.
La transaction a impliqué l'émission de 19 999 988 actions ordinaires à un prix estimé de 0,075 $ par action, totalisant environ 1,5 million $. Les actions en contrepartie sont soumises à une période de restriction jusqu'au 25 juin 2025. L'acquisition est encore soumise à l'approbation finale de la TSX Venture Exchange.
Alset AI Ventures (ALSCF) hat den Erwerb eines zusätzlichen 26% Anteils an Cedarcross Technologies abgeschlossen, wodurch sich der Gesamtbesitz auf etwa 75% erhöht. Der Erwerb, der am 24. Februar 2025 wirksam wird, stärkt die Position von Alset im Bereich der KI-Cloud-Computing.
Cedarcross Technologies operiert über zwei Hauptsparten: AI HPC Leasing, das kleinen und mittleren Unternehmen Zugang zu Nvidia GPU-gestützter Computerinfrastruktur bietet, und AI HPC Hardware Distribution in Partnerschaft mit Earthmade Computer Corp., einem autorisierten Super Micro-Händler.
Die Transaktion umfasste die Emission von 19.999.988 Stammaktien zu einem angenommenen Preis von 0,075 USD pro Aktie, was insgesamt etwa 1,5 Millionen USD entspricht. Die Berücksichtigung der Aktien unterliegt einer Sperrfrist bis zum 25. Juni 2025. Der Erwerb steht noch unter dem Vorbehalt der endgültigen Genehmigung der TSX Venture Exchange.
- Increased ownership to 75% in Cedarcross Technologies
- Dual revenue streams from HPC leasing and hardware distribution
- Strategic partnership with authorized Super Micro distributor
- Exposure to growing AI infrastructure market projected to reach $150B by 2030
- Share dilution from issuing 19.99M new shares
- Acquisition still pending final TSX Venture Exchange approval
- No immediate revenue or profit figures disclosed
Strengthening AI Infrastructure Leadership Amidst Increasing Global Demand for High-Performance Computing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
VANCOUVER, BC / ACCESS Newswire / February 26, 2025 / Alset AI Ventures Inc.(TSXV:GPUS)(OTC PINK: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, is pleased to announce that, further to its news release dated December 10, 2024, the Company has completed the acquisition of an aggregate approximately
With the completion of the Acquisition, Alset AI now holds approximately
Cedarcross Technologies: Flagship AI Infrastructure Business
Cedarcross Technologies addresses the critical infrastructure challenges of the AI industry through two core business verticals:
AI HPC Leasing: Providing small to medium enterprises (SMEs) with access to advanced AI high-performance computing (HPC) infrastructure powered by Nvidia graphic processing units (GPUs), Cedarcross Technologies offers an affordable and scalable alternative to owning expensive AI hardware.
AI HPC Hardware Distribution: Cedarcross Technologies partners with Earthmade Computer Corp. ("Earthmade"), an authorized distributor of Super Micro Computer, Inc. ("Super Micro"), to deliver advanced AI GPU servers and HPC solutions tailored to the evolving demands of AI and machine learning businesses. This strategic partnership positions Cedarcross Technologies as an emerging player in the AI ecosystem, unlocking diverse revenue streams and strengthening its market presence.
The integration of Cedarcross Technologies into Alset AI's portfolio positions the Company as a burgeoning leader in the AI infrastructure sector, leveraging its dual-vertical business model to capitalize on the growing demand for scalable computing solutions.
Recent Momentum in AI Infrastructure:
The global AI infrastructure market is experiencing growth, driven by advancements in machine learning, generative AI, and the rising adoption of decentralized systems. Analysts project that spending on AI hardware and infrastructure will surpass
Recently, in January 2025, President Donald Trump announced a private-sector investment of up to
"AI infrastructure is at the core of the digital transformation taking place across industries," said Adam Ingrao, CEO of Alset AI Ventures. "By taking this majority stake, Cedarcross Technologies becomes our flagship AI infrastructure business, a critical foundation in our strategy. By combining scalable leasing models with hardware distribution, Cedarcross Technologies is uniquely positioned to meet the surging demand for advanced computing solutions. This acquisition is a transformative step for Alset AI and underscores our commitment to delivering long-term value to our shareholders."
Strategic Outlook:
With Cedarcross Technologies as its flagship business, Alset AI plans to pursue additional growth opportunities in the AI infrastructure space, including organic expansion and targeted investments. The Company's leadership envisions a future where AI HPC becomes accessible and sustainable, enabling breakthroughs across industries.
Terms of the Acquisition
Pursuant to the terms of the Acquisition and further to its news release dated December 10, 2024, Alset AI has issued 19,999,988 common shares in the capital of the Company (each, a "Consideration Share") to certain non-management shareholders of Cedarcross Technologies in exchange for approximately an additional
1 AP News
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 Cedarcross Technologies Inc.
Cedarcross Technologies is an artificial intelligence cloud computing provider, with a vision of becoming one of Canada's largest AI compute providers. The Company is dedicated to democratizing access to advanced AI high-performance computing, offering access to the world's fastest AI servers.
For further information about Alset AI Ventures Inc., please contact:
Investor Relations
T: 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.
Forward-Looking Information
This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") related to the Acquisition and the perceived benefits to the Company from the Acquisition, and the projected growth of the AI and cloud computing industry and other such future events and Alset''s future business, operations, and financial performance and condition. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Alset's's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Alset. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Alset undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risk Factors" in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR+ at www.sedarplus.ca.
SOURCE: Alset AI Ventures Inc.
View the original press release on ACCESS Newswire
FAQ
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