Alset Capital Inc. Announces Major Server Contract via Cedarcross

Alset Capital Inc. has disclosed that its affiliate, Cedarcross International Technologies Inc., sealed a $26 million contract for delivering Nvidia H100 GPU servers. This deal is expected to significantly boost Cedarcross' revenues, having achieved approximately $28 million in year-to-date earnings from its high-performance computing server distribution sector alone.

The contract involves supplying 64 Nvidia H100 HGX 8GPU servers. This agreement follows Cedarcross’ initial distribution contract announced last month, marking a major advancement in its capabilities within the server market. Cedarcross' strategic partnerships in the industry have enabled competitive pricing and faster procurement of the in-demand Nvidia servers.

Morgan Good, CEO of Alset Capital, highlighted the deal as a milestone for Cedarcross, enhancing both its revenue and market presence. The distribution side complements Cedarcross' compute leasing business, broadening its market offerings. The gross margin from the recent agreement is projected at roughly $2.3 million.

Additionally, Alset has updated its engagement details with Omni8 Communications to expand its marketing and public relations strategies, investing an additional $180,000 over two months. This initiative will further Alset's corporate outreach efforts.