CIMG Inc. Signs Computing Power Contracts Valued at Approximately $124 Million
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CIMG Inc. has signed computing power contracts worth approximately $124 million through its subsidiaries for Q4 2025. The agreements include multiple sales contracts and framework agreements, contingent on standard conditions. Notably, its subsidiary, Beijing Xinmiao Shidai Technology Development Co., Ltd., was shortlisted for a $15.95 million server procurement tender by Bank of Guangzhou, although this does not guarantee a final contract. Additionally, Xinmiao Shidai has a framework agreement with Guangzhou Bank for CPU servers and storage devices from Inspur Group, with no minimum purchase obligation.
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