Alset AI Ventures Inc. reports developments tied to its role as an artificial intelligence venture company focused on strategic investment and cloud computing solutions. News for GPUSF includes portfolio transactions involving Lyken.AI, debenture and warrant financings, shares-for-debt settlements, and balance-sheet measures connected to its AI investment and infrastructure strategy.
Company updates also cover capital-structure actions, including its share consolidation, and public-market status across the TSX Venture Exchange, OTCQB Venture Market, and Frankfurt listing. Early-warning reports and insider-related securities transactions add recurring ownership and financing context to the company’s public disclosures.
Alset AI Ventures (GPUSF) plans to settle previously announced debt by issuing an aggregate of 2,763,134 common shares. The shares will be issued at $0.185 per share, updating the debt settlements announced on September 21, 2026.
The settlement remains subject to TSX Venture Exchange approval and has not been reported as completed. Shares issued in the settlement will carry a mandatory hold period of four months and one day from their issue date under applicable securities laws.
Alset AI Ventures (GPUSF) highlighted FingerMotion's definitive agreement to acquire Newbit Technology, which holds infrastructure rights for a planned Alberta site. FingerMotion (NASDAQ:FNGR) proposes US$2.3 million in cash consideration for assets associated with a 9.9 megawatt site supplying power directly to users. It targets closing by October 29, 2026, subject to conditions. Generating equipment is excluded; the deal does not establish operating generation or contracted compute revenue.
Alset holds 1,674,480 restricted FingerMotion shares, approximately 2.2% of outstanding common shares as of October 2, 2026, following its August sale of a 9.9% Lyken interest. Alset retains 90.1% of Lyken. Trading restrictions end February 17, 2027. Lyken's non-binding agreement with FingerMotion and BlueFlare evaluates workload and infrastructure opportunities but grants no site ownership or capacity rights. Participation requires separate evaluation and definitive commercial agreements.
Alset AI Ventures (GPUSF) has entered into debt settlement agreements to clear a total of $511,179.80 owed to certain arm's length creditors, including obligations of its wholly-owned subsidiary Cedarcross International Technologies.
The company plans to settle this debt by issuing 3,098,059 common shares at a price of $0.165 per share, under written agreements that remain subject to TSX Venture Exchange approval. The board states that using shares preserves cash, improves the balance sheet, and supports prudent financial resource management. The new shares will be subject to a mandatory hold period of four months and one day from the date of issue under applicable securities laws.
Alset AI Ventures (GPUSF) reported sharp growth in portfolio value and equity, detailed recent portfolio activity, and named Mitchell Jackman as Chief Financial Officer, effective immediately.
At June 30, 2026, the investment portfolio carrying value was $8.82 million, up 164.8% from September 30, 2025, while shareholders’ equity rose 67.9% to $7.37 million, driven largely by an unrealized revaluation of Lyken.AI. Fiscal Q3 2026 income and comprehensive income were $3.61 million versus a prior-year loss of $4.29 million, including a primarily unrealized $4.11 million net investment gain, and quarterly general expenses fell 59.6% to $526,405.
Updates include a ~$580,000 Lyken customer extension through March 31, 2027, a 9.9% Lyken sale for 1,674,480 FingerMotion shares, non-binding MOUs on AI compute capacity, a new Chaco convertible debenture of ~$1.31 million, an updated investor presentation and a planned Q1 2027 investor day.
Alset AI (GPUSF) announced that its 90.1%-owned unit Lyken.AI has received new purchase orders totaling approximately C$580,000 to extend cloud compute services for a leading multinational technology and telecommunications company from August 25, 2026 through March 31, 2027.
The customer relationship, which began in February 2026, is structured as sequential purchase orders for defined service periods. The current orders are binding only for the August 25, 2026–March 31, 2027 period, and the customer has no obligation to issue further orders or maintain the relationship afterward. Alset AI expects gross margin of about 5% on these services before corporate and administrative costs, which may not be fully covered. The extension provides contracted activity for Lyken.AI through March 31, 2027 under the existing relationship.
Alset AI Ventures (GPUSF) and FingerMotion (FNGR)/b) announced a non-binding memorandum of understanding dated September 2, 2026 among Lyken.AI, FingerMotion and BlueFlare to support an enterprise AI and high-performance computing infrastructure strategy.The framework positions Lyken.AI, 90.1%-owned by Alset AI, as the customer-facing demand and managed-services layer, matching its enterprise AI and HPC workload pipeline with potential behind-the-meter power capacity evaluated or developed under FingerMotion’s existing BlueFlare alliance, initially in Western Canada. FingerMotion is contemplated as project owner-operator and sponsor, while BlueFlare remains the primary development partner for site origination, power solutions, engineering, construction and operations.
The MOU is explicitly non-binding, non-exclusive and does not guarantee capacity, funding, pricing, ownership, or development schedules. Any project commitments, capacity allocations or commercial rights would arise only under future definitive agreements evaluated on a project-by-project basis.
Alset AI Ventures (TSXV:GPUS, OTCQB:GPUSF) reported unaudited Fiscal Q3 2026 results for the quarter ended June 30, 2026, driven by a non-cash revaluation of its Lyken.AI investment. Income and comprehensive income were $3.61 million, or $0.20 basic EPS, versus a loss of $4.29 million, or $(0.29) per share, a year earlier. Net investment gain was $4.11 million, almost entirely from a $4.14 million unrealized increase in Lyken.AI’s carrying value, while general expenses fell 59.6% to $0.53 million.
Total assets rose 82.7% to $9.44 million since September 30, 2025, and the investment portfolio increased to $8.82 million, with Lyken.AI representing about 78.6%. Shareholders’ equity grew 67.9% to $7.37 million. For the nine months, Alset recorded income of $1.03 million versus a $6.09 million loss in the prior-year period. During Q3, Alset also acquired a $1.31 million Chaco Minerals 3.0% convertible debenture by extinguishing $1.30 million of loans receivable from Lyken.AI, with no cash received.
Alset AI (TSXV:GPUS, OTCQB:GPUSF) reported an operational update on portfolio company CHIP Data Centers, which now has five named AI-focused data-centre sites across Ontario, Ohio and Texas. According to Alset AI, CHIP reports 4 MW operating and 26 MW in construction or under signed agreements, for a total of 30 MW of operating, in-construction and signed capacity.
CHIP’s management also reports securing a global enterprise off-taker that has committed to the first 20 MW at its next two Waterloo-region sites under a master services agreement. CHIP reports its first significant cash flow began in July 2026. Alset AI notes it has not independently verified CHIP’s representations.
Alset AI Ventures (TSXV:GPUS, OTCQB:GPUSF) announced that its 90.1%-owned cloud compute subsidiary Lyken.AI has entered a non-binding MOU with Singapore-based Swarmnet, dated August 24, 2026. The parties are exploring a potential long-term commercial arrangement for Lyken to lease, host, manage and/or otherwise make available a 128-node B300 AI compute cluster to support inference workloads, alongside token optimization services.
The contemplated structure envisions an indicative five-year term beginning at service commencement, with aggregate revenues to be determined and disclosed only if definitive agreements are signed. According to Alset AI, all key terms – including hardware configuration, location, deployment schedule, networking, storage, reserve capacity, service levels and support – would be finalized solely in definitive agreements. The MOU is expressly preliminary, non-binding and non-exclusive. Progress depends on Lyken securing sufficient funding, completing due diligence, obtaining internal and TSX Venture Exchange approvals where applicable, satisfying export-control and sanctions requirements, and agreeing definitive contracts. Alset AI cautions there is no assurance the proposed deployment will proceed on the contemplated terms or at all.
Alset AI Ventures (TSXV:GPUS, OTCQB:GPUSF) completed the previously announced sale of 99,000 Lyken AI Computing shares to FingerMotion (Nasdaq:FNGR), representing 9.9% of Lyken’s 1,000,000 common shares. As consideration, FingerMotion issued 1,674,480 FNGR shares, valued at US$500,000 based on the Nasdaq closing price, implying an approximate US$5 million equity value for Lyken at the transaction price.
According to Alset AI, it now retains a 90.1% controlling interest in Lyken. The FNGR shares are subject to a six‑month trading restriction. The transaction was structured as an Exempt Transaction under TSXV Policy 5.3, required no TSXV acceptance, and closed on an arm’s length basis with no finder’s fees.