iPower Expands into Crypto Infrastructure Hardware with Nanopulse MOU

iPower (Nasdaq: IPW) announced a non-binding Memorandum of Understanding with Nanopulse on Feb 23, 2026 to explore U.S. distribution of crypto infrastructure hardware.

Rhea-AI Summary

iPower (Nasdaq: IPW) announced a non-binding Memorandum of Understanding with Nanopulse on Feb 23, 2026 to explore U.S. distribution of crypto infrastructure hardware.

The MOU contemplates hardware sales, potential ongoing commission-based economics, and exploratory participation as a U.S.-based validator or node operator, all subject to definitive agreements, compliance and due diligence. iPower emphasized this is hardware distribution only, not financial services.

Argus Feb 23 session

-31.69% close to close Open Argus

Details

News Market Reaction – IPW

In the Feb 23 session, IPW declined 31.69%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -31.7% in the session following this news. A negative reaction despite the strateg...

Analysis

The stock dropped -31.7% in the session following this news. A negative reaction despite the strategic crypto‑hardware expansion would fit the pattern where some seemingly constructive updates, such as the $2.3M restructuring sale and logistics improvements, saw limited or adverse follow‑through. Investors may be weighing execution risk, reliance on non‑binding agreements, and the company’s leveraged balance sheet and prior revenue declines when reassessing the story.

Historical Context

5 past events · Latest: Feb 20

5 events

1. Feb 20

   Q2 2026 earnings

   24h Move

   +2.7%

   Reported Q2 2026 results with lower revenue, cost cuts, and net loss.

2. Feb 10

   Share repurchase plan

   24h Move

   +3.3%

   Authorized first-ever $2M share repurchase program backed by creditors.

3. Feb 02

   Restructuring divestiture

   24h Move

   -8.5%

   Sold subsidiary for $2.3M to cut costs while keeping core supply chain.

4. Jan 22

   SuperSuite progress

   24h Move

   -0.2%

   Advanced SuperSuite platform with Koala Story onboarding and logistics savings.

5. Jan 15

   Digital asset update

   24h Move

   +2.7%

   Updated on Digital Asset Treasury holding bitcoin and ether under strict custody.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

memorandum of understanding, validator, node operator, custody, +1 more

5 terms

memorandum of understanding regulatory

"by entering into a non-binding Memorandum of Understanding (“MOU”) with Nanopulse"

A memorandum of understanding (MOU) is a formal agreement between two or more parties that outlines their shared intentions and plans to work together. It acts like a handshake in writing, clarifying each side’s roles and expectations before any official contract is signed. For investors, an MOU signals that parties are serious about collaboration, which can influence future business opportunities and potential growth.

validator technical

"explore iPower’s potential participation as a U.S.-based validator or node operator"

A validator is a person or system that checks and confirms the accuracy and legitimacy of information, transactions, or data before they are accepted and recorded. In the context of digital assets or currencies, validators ensure that transactions follow the rules and are genuine, helping maintain trust and security in the system. For investors, validators are important because they help prevent errors or fraud, ensuring the integrity of the financial network.

node operator technical

"potential participation as a U.S.-based validator or node operator, subject to separate"

A node operator runs the computer software that keeps a distributed ledger or blockchain network running, like a shopkeeper who opens and maintains a vital store on a busy street. They relay and check transactions, store copies of the ledger, and often help secure the network; in return they may earn fees or rewards. Investors care because node operators affect a network’s reliability, security, and the flow of rewards or fees that influence a token’s value and operational risk.

custody financial

"The Company will not provide investment advice, custody user digital assets, or engage"

Custody is the safekeeping and management of financial assets, such as stocks or bonds, by a specialized institution on behalf of an investor. It ensures that the assets are securely stored, properly maintained, and accurately accounted for, similar to how a bank safely holds valuables for a customer. This arrangement gives investors confidence that their assets are protected and properly managed, allowing them to focus on their investment goals.

digital assets financial

"specialized hardware for the crypto and digital asset industry."

Digital assets are electronic files or representations of value stored electronically, such as cryptocurrencies, digital tokens, or digital art. They matter to investors because they can be bought, sold, and used for transactions much like physical assets, but exist entirely in digital form, offering new opportunities for investment and financial innovation.

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RANCHO CUCAMONGA, Calif., Feb. 23, 2026 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”) today announced a strategic expansion into crypto infrastructure hardware by entering into a non-binding Memorandum of Understanding (“MOU”) with Nanopulse Technology Ltd. (“Nanopulse”), a developer of specialized hardware for the crypto and digital asset industry. The initiative is designed to leverage iPower’s U.S.-based supply chain, fulfillment and e-commerce execution capabilities to commercialize crypto infrastructure hardware at scale, while creating the potential for incremental, recurring economics tied to future income generated by hardware distributed through iPower. Execution on the strategic expansion remains subject to entry into definitive agreements, along with satisfactory completion of compliance and due diligence review. iPower believes this collaboration demonstrates the Company’s ability to act as an execution and distribution layer for crypto-native projects, establishing a repeatable model that may support additional infrastructure partnerships across the crypto ecosystem over time.

The initiative reflects iPower’s strategy to apply its real-world commerce and logistics infrastructure to crypto-native innovation, addressing a key bottleneck faced by many blockchain networks that require physical hardware deployment but lack the operational capacity to sell, ship, and support such products in the United States.

“Crypto networks increasingly depend on physical infrastructure, but most projects are not built to efficiently sell, ship and support hardware at scale,” said Lawrence Tan, Chief Executive Officer of iPower. “This initiative positions iPower as the execution layer that bridges crypto-native innovation with real-world distribution, operational discipline and compliance.”

Unlike traditional hardware distribution models, the MOU contemplates discussions around multi-layered economics, including near-term revenue from hardware sales and potential ongoing, commission-based participation in future income generated by infrastructure hardware distributed through iPower, subject to final documentation and regulatory considerations.

The parties also plan to explore iPower’s potential participation as a U.S.-based validator or node operator, subject to separate technical, legal and commercial agreements. Any such participation remains exploratory and would be governed by standalone agreements.

iPower emphasized that this initiative is focused on hardware distribution and infrastructure enablement, not financial services. The Company will not provide investment advice, custody user digital assets, or engage in digital asset trading activities.

iPower believes this collaboration represents a repeatable infrastructure-enablement model for the crypto industry, pairing crypto-native innovation with real-world execution, logistics, and compliance capabilities as networks scale.

About iPower Inc.

iPower Inc. (Nasdaq: IPW) is a technology- and data-driven supply chain and infrastructure provider for online retailers and brands, operating at the intersection of digital assets and real-world commerce. The Company delivers procurement, fulfillment, logistics, and software-enabled services, and is executing a broader crypto strategy through licensed partners and compliant infrastructure. For more information, please visit www.meetipower.com.

Forward-Looking Statements

All statements other than statements of historical fact in this press release are forward-looking statements, including statements regarding the anticipated benefits of the MOU, potential recurring economics, future infrastructure partnerships, validator participation, and iPower’s future business plans. These statements involve known and unknown risks and uncertainties and are based on current expectations and projections. Actual results may differ materially from those set forth herein. iPower undertakes no obligation to update forward-looking statements except as required by law. Investors are encouraged to review iPower’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.

Media & Investor Contact

IPW.IR@meetipower.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did iPower (IPW) announce on February 23, 2026 about crypto hardware?

iPower announced a non-binding MOU with Nanopulse to pursue U.S. crypto infrastructure hardware distribution. According to the company, execution is subject to definitive agreements, compliance review, and further due diligence before commercial rollout, and exploratory terms include potential commission income.

Does the iPower and Nanopulse MOU create immediate revenue for IPW shareholders?

No immediate revenue is guaranteed; the MOU is non-binding and exploratory. According to the company, commercial economics could include near-term hardware sales and potential commission-based participation, but all income depends on final documentation and regulatory clearance before implementation.

Will iPower (IPW) operate crypto validators or nodes under the Nanopulse collaboration?

iPower may explore participation as a U.S.-based validator or node operator, but this is exploratory. According to the company, any such role would require separate technical, legal, and commercial agreements and would be governed by standalone documentation if pursued.

How does the IPW Nanopulse deal affect iPower's core business model?

The initiative extends iPower's commerce and logistics into crypto hardware distribution rather than changing core services. According to the company, the plan leverages U.S.-based supply chain, fulfillment and e-commerce capabilities to commercialize hardware at scale if agreements and due diligence conclude favorably.

Does iPower (IPW) plan to offer digital asset custody or trading under the Nanopulse MOU?

No. iPower confirmed it will not provide investment advice, custody user digital assets, or engage in digital asset trading activities. According to the company, the focus is strictly on hardware distribution, logistics, compliance, and infrastructure enablement.