iPower Inc. Announces LOI to Lease High-Performance GPU Systems

What Happened
iPower Inc. (a Nevada corporation) announced on July 23, 2026, via press release and Form 8-K (Item 8.01), that it has entered into a non-binding letter of intent (LOI) with a prospective customer for the proposed lease by iPower of dedicated high-performance GPU computer systems. The press release was furnished as Exhibit 99.1 to the filing.

Key Details

• Filing date: July 23, 2026 (Form 8-K, Item 8.01).
• Transaction type: Non-binding letter of intent for a proposed lease of dedicated high-performance GPU computer systems.
• Counterparty: Described only as a “prospective customer” — no customer identity disclosed.
• Financial terms, contract length, timing, and other commercial terms: Not disclosed in the 8-K.

Why It Matters
The LOI indicates iPower is pursuing leasing contracts for GPU compute capacity, which could be a source of recurring revenue if a binding agreement is reached. The filing contains no financial details or guarantees, so investors should monitor future disclosures for (1) whether a binding agreement is executed, (2) the identity of the customer, and (3) any disclosed financial terms or projected revenue impact. The press release is available as Exhibit 99.1 to the 8-K for more context.