---
title: "iPower signs non-binding LOI for proposed $6M GPU lease, potential $60M expansion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293644081.md"
description: "iPower signed a non-binding LOI for a $6M initial GPU equipment lease, with potential expansion to $60M. The proposed 36-month term offers recurring revenue, while iPower retains ownership. Final terms remain subject to negotiation."
datetime: "2026-07-23T16:03:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293644081.md)
  - [en](https://longbridge.com/en/news/293644081.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293644081.md)
---

# iPower signs non-binding LOI for proposed $6M GPU lease, potential $60M expansion

**iPower signed a non-binding LOI for a proposed $6 million initial GPU equipment lease with potential expansion to $60 million.**

**Key Highlights:**

-   Signed non-binding LOI to lease dedicated high-performance GPU systems with a proposed initial acquisition value of $6 million.
-   Proposed lease term is approximately 36 months following installation and acceptance, providing recurring lease revenue potential.
-   Initial deployment could expand to approximately $60 million in aggregate contemplated contract value after successful execution.
-   iPower or a subsidiary would retain ownership of equipment and lease systems for exclusive customer use at an agreed data center.
-   Final specs, payment terms, financing and deployment arrangements remain subject to negotiation; LOI is non-binding.

Original SEC Filing: iPower Inc. \[ IPW \] - 8-K - Jul. 23, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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