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The latest update is out from Alset Capital ( (TSE:GPUS) ).
Lyken.AI, the flagship AI business of Alset AI Ventures, has secured an initial three‑month cloud compute services purchase order worth approximately CAD$250,000 from a leading multinational technology and telecommunications company. The deal marks Lyken.AI’s first recurring commercial revenue for its cloud compute capabilities and is expected to be renewed quarterly through 2026, translating into about CAD$1 million in annualized recurring revenue and establishing a stable base for future growth. Management framed the contract as a strategic validation of Lyken.AI’s end‑to‑end cloud and AI deployment model, signaling growing market demand and a potential scaling of revenues that could strengthen Alset AI’s position as a provider of AI infrastructure and solutions to large enterprise clients.
More about Alset Capital
Alset AI Ventures Inc. is an AI-focused venture investment platform that sources, funds and develops companies across the artificial intelligence value chain. Through its flagship business Lyken.AI, the company provides cloud computing infrastructure and full-service AI solutions, offering investors diversified exposure to emerging AI applications and supporting enterprises seeking scalable AI deployment.
Average Trading Volume: 805,894
Technical Sentiment Signal: Sell
Current Market Cap: C$10.02M
Find detailed analytics on GPUS stock on TipRanks’ Stock Analysis page.