Alset Capital Inc. Secures C$5.5 Million AI Compute Leasing Deal Through Cedarcross Technologies

Alset Capital Inc., a significant shareholder in Cedarcross International Technologies Inc., has announced a two-year AI computing leasing agreement that is expected to generate approximately CAD$5.5 million in revenue. This deal, involving Cedarcross Technologies, intends to supply an estimated 1.4 million compute hours over its duration to a respected third-party enterprise client.

The agreement not only highlights Cedarcross Technologies’ growing prominence in the AI infrastructure sector but also aligns with broader market trends, emphasizing the increasing demand for AI compute capacities. Cedarcross plans to deliver about 700,000 compute hours annually, with monthly revenues estimated at CAD$223k. The contractual conditions reflect a structured financial approach distributing financial gains across its term.

This initiative comes at a time when significant investments are being made in AI computing power worldwide, evidenced by recent declarations from global tech leaders and governmental financial commitments towards AI capabilities. Cedarcross Technologies aims to leverage this momentum, ensuring high performance and reliability in AI computing services by partnering with a major North American data center provider.