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Envirotech Vehicles, Inc. reports developments around its shift from purpose-built electric vehicles into power-backed digital infrastructure. The company has historically focused on zero-emission commercial vehicles and related maintenance and inspection services, while recent updates center on revenue-generating compute sites, modular AI data center infrastructure, high-performance compute systems, ASIC deployments, immersion-cooled container platforms and behind-the-meter power capacity.
EVTV news also covers capital-structure disclosures, shareholder voting matters, operating updates and governance items tied to its public-company status as the company repositions its hardware and infrastructure strategy.
AZIO AI announced a multi-megawatt infrastructure order from Envirotech Vehicles (NASDAQ: EVTV) to expand modular AI data center capacity at a South Texas site. The order is expected to support about 5 MW of high-density compute using behind-the-meter natural gas power, creating potential revenue opportunities, subject to customary deployment conditions.
AZIO AI announced a new customer order from Envirotech Vehicles (NASDAQ: EVTV) to expand modular AI data center infrastructure at a South Texas site. The deployment is expected to support about 5 MW of high-density AI compute, integrated with behind-the-meter natural gas power.
The companies are also evaluating a potential merger, under a non-binding LOI in which AZIO AI could merge into EVTV. Any transaction and the new deployment remain subject to definitive agreements, approvals, site readiness, and other customary conditions.
Envirotech Vehicles (NASDAQ:EVTV) activated its first revenue-generating, energy-backed compute site on April 15, 2026, marking a strategic shift from EV manufacturing to AI and digital infrastructure.
EVTV reports initial 1 MW cryptocurrency operations producing about $50,000–$100,000 per month, with Phase Two AI workloads projected at $100,000–$200,000 per month per MW and expected to begin in 60–90 days.
AZIO AI announced binding, non‑refundable customer deposits covering approximately 42% of a $108 million GPU infrastructure pipeline, signalling early customer pre‑allocations for planned NVIDIA GPU deployments. Deposits provide forward visibility into capacity reservation while AZIO AI advances procurement, system integration, and multi‑site deployment planning.
Timing of hardware delivery and activation remains subject to manufacturing schedules, logistics, and supply‑chain conditions; no definitive transaction with Envirotech Vehicles (NASDAQ: EVTV) has been executed.
Envirotech Vehicles (NASDAQ:EVTV) placed an order with Azio AI for ~3 MW of modular digital infrastructure to deploy at a South Texas energy‑integrated data center pilot.
The company completed a $4.0M debenture tranche (gross proceeds $3.8M) toward a up-to-$10.5M financing; remaining $7.0M closes after a resale registration statement and customary conditions.
Initial modular hardware has been energized and entered a phased two‑week commissioning to collect operational data on energy efficiency, thermal management, and scalability.
AZIO AI (NASDAQ: EVTV) provided a commercial update on previously announced GPU rack and node purchase orders totaling approximately $107 million, reporting deposits equal to approximately 13% of the aggregate order value as of March 4, 2026. The company expects additional deposits in the coming weeks.
Management said allocation adjustments are being made to fulfill demand from enterprise and hyperscale customers across Asia, with some government-designated allocations reallocated to commercial channels. Timing effects from Lunar New Year banking closures are cited as resolved, supporting near-term funding progression.
Envirotech Vehicles (NASDAQ:EVTV) accepted delivery of initial high-performance compute systems from AZIO AI for a South Texas site, with installation, commissioning, and staged integration planned.
The company says installation and calibration will precede any digital asset production or AI workload monetization. EVTV is also in preliminary discussions, including non-binding LOIs, for up to five additional potential sites as due diligence continues.
Azio AI received a purchase order from Envirotech Vehicles (NASDAQ: EVTV) for 28 next‑generation ASIC compute systems, with payment for the initial tranche received in full. Delivery is expected in the coming weeks for deployment into EVTV's liquid‑immersion‑cooled modular container platform.
Azio AI will lead hardware integration, configuration, and performance optimization to validate high‑density power utilization, immersion cooling efficiency, uptime resilience, and compute economics under continuous SHA‑256 workloads producing Bitcoin yields. There is no assurance on delivery timing, operational results, or future expansion.
Envirotech Vehicles (NASDAQ:EVTV) completed an on-site engineering and technical validation with AZIO AI on February 4, 2026, advancing a modular data-and-power infrastructure initiative from design into field execution. Teams validated fuel, power, compute systems, site layout, vendor quotations, and confirmed deployment pathways for mobile CPU/GPU units.
Next steps include procurement, system integration, and deployment planning with further operational updates expected as milestones are met.
Envirotech Vehicles (NASDAQ:EVTV) and AZIO AI announced delivery, installation, and energization of a 40-foot immersion-ready AI data center container on site on January 26, 2026. The container is set in place, fully connected to power and network, and configured for immersion cooling, with engineering coordination underway for CPU integration and system commissioning.
The deployment is intended to validate immersion-cooled AI compute in demanding environments, target design uptime >99% under steady-state operations, and support competitive power usage effectiveness ranges as EVTV pursues diversified revenue adjacent to vehicle manufacturing.