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iPower (NASDAQ: IPW) makes initial $1M USD.AI move in AI infrastructure

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

iPower Inc. has completed an initial purchase of approximately $1.0 million of USDai, the synthetic dollar of the USD.AI protocol. The company plans to stake this USDai into sUSDai, a yield-bearing token, as part of its AI infrastructure investment strategy.

This transaction is the first tranche of iPower’s previously announced plan to invest up to $3.0 million in the USD.AI ecosystem, aiming to participate in AI infrastructure funding. Management views AI infrastructure financing as an emerging category tied to growing demand for compute capacity, data centers and related infrastructure.

Positive

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Negative

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Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Initial USDai purchase $1.0 million Initial tranche of USDai acquired under AI infrastructure strategy
Planned USD.AI ecosystem commitment $3.0 million Total intended investment in USD.AI ecosystem
Bullish investment in USD.AI ecosystem $4.0 million Previously announced Bullish investment mentioned as ecosystem example
USDai financial
"completed an initial purchase of approximately $1.0 million of USDai, the synthetic dollar of the USD.AI protocol"
sUSDai financial
"intends to stake the acquired USDai into sUSDai, USD.AI’s yield-bearing token"
synthetic dollar financial
"approximately $1.0 million of USDai, the synthetic dollar of the USD.AI protocol"
A synthetic dollar is dollar exposure or funding created through financial contracts (such as currency swaps, forwards or other derivatives) instead of holding actual U.S. cash or bank deposits. It matters to investors because it can provide a cheaper or faster way to get U.S. dollar access, but it brings extra risks—like dependence on counterparties, contract rollovers and changing market terms—similar to borrowing a friend’s car instead of owning one, which can affect funding costs and asset prices.
AI infrastructure financing financial
"AI infrastructure financing is becoming an important investment category as demand for compute capacity"
digital asset framework financial
"USD.AI is designed to support financing of infrastructure through a digital asset framework"
A digital asset framework is a clear set of rules, standards and processes that govern how digital assets—like cryptocurrencies, tokenized securities, or digital representations of value—are created, stored, traded and regulated. Think of it as a rulebook or blueprint that reduces uncertainty about legal rights, custody, reporting and risk controls; for investors that clarity affects how easily assets can be bought, sold, valued and included in portfolios.
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Understanding 8-K Material Events →
false 0001830072 0001830072 2026-06-04 2026-06-04 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of report (date of earliest event reported): June 4, 2026

 

iPower Inc.

(Exact name of registrant as specified in its charter)

 

Nevada   001-40391   82-5144171

(State or other jurisdiction

of incorporation)

   (Commission File Number)  

(IRS Employer

Identification No.)

 

8798 9th Street

Rancho Cucamonga, CA 91730

(Address of Principal Executive Offices) (Zip Code)

 

(626) 863-7344

(Registrant’s Telephone Number, Including Area Code)

 

___________________________

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock $0.001 per share   IPW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

   

 

 

Item 8.01. Other Events.

 

On June 4, 2026, iPower Inc. (“iPower” or the “Company”) issued a press release announcing its completion of an initial purchase of approximately $1 million worth of USDai, the synthetic dollar of the USD.AI protocol. The Company intends to stake the acquired USDai into sUSDai, USD.AI’s yield-bearing token, as part of the Company’s AI infrastructure investment strategy. A copy of the press release is furnished herewith as Exhibit 99.1.

 

The information in this Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed “filed” for any purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such Section. The information in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

Item 9.01. Financial Statement and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
99.1   Press Release dated June 4, 2026
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

 

 

 2 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  IPOWER, INC.
Dated: June 4, 2026    
  By: /s/ Chenlong Tan
  Name: Chenlong Tan
  Title: Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 3 

 

Exhibit 99.1

 

iPower Completes Initial $1 Million USD.AI Purchase to Advance AI Infrastructure Strategy

 

Company intends to stake USDai into sUSDai to participate in

AI infrastructure financing yield opportunities

 

RANCHO CUCAMONGA, Calif., June 4, 2026 -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”) today announced that it has completed an initial purchase of approximately $1.0 million of USDai, the synthetic dollar of the USD.AI protocol.

 

The Company intends to stake the acquired USDai into sUSDai, USD.AI’s yield-bearing token, as part of iPower’s previously announced AI infrastructure investment strategy. The purchase represents the initial tranche of iPower’s commitment to invest up to $3.0 million in USD.AI’s ecosystem and marks a key step in the Company’s plan to participate in the AI infrastructure funding ecosystem.

 

USD.AI is designed to support financing of AI infrastructure through a digital asset framework that connects capital providers with infrastructure-backed opportunities. The USD.AI ecosystem has attracted institutional and public-market participation, including a previously announced $4.0 million investment by Bullish (NYSE: BLSH) and an investment by Coinbase Ventures in Permian Labs, the developer of USD.AI.

 

“We believe AI infrastructure financing is becoming an important investment category as demand for compute capacity, data centers and related infrastructure continues to grow,” said Lawrence Tan, Chief Executive Officer of iPower. “This initial USD.AI purchase moves iPower from strategy to execution and positions the Company to participate in the capital formation layer supporting AI infrastructure.”

 

iPower intends to continue evaluating opportunities across the AI infrastructure landscape, including digital assets, financing platforms, infrastructure-related investments and other opportunities aligned with its strategic objectives.

 

About iPower Inc.

 

iPower Inc. (Nasdaq: IPW) is a technology- and data-driven company executing a focused strategy at the intersection of AI infrastructure and real-world commerce. Building on its established e-commerce operations, technology platform and capital markets experience, the Company is expanding into AI infrastructure investments and related financing ecosystems. Through targeted investments in digital assets, infrastructure financing protocols and other AI-related opportunities, iPower seeks to participate in the growth of the compute, data center and infrastructure layers that support artificial intelligence. Leveraging its operating experience, ecosystem relationships and capital market access, iPower is building a scalable business designed to generate durable long-term value for stockholders. 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” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company’s AI infrastructure strategy, AI-related investments, digital asset activities, participation in AI infrastructure financing ecosystems, expected returns, future capital deployment, business opportunities and long-term stockholder value creation. 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.

 

Investor Relations Contact

 

IPW.IR@meetipower.com

 

 

 

Source: View Original Filing on SEC EDGAR

FAQ

How large is iPower’s total planned commitment to the USD.AI ecosystem?

iPower’s initial USDai purchase is the first tranche of a plan to invest up to $3.0 million in the USD.AI ecosystem. This commitment supports its strategy to participate in AI infrastructure funding through digital asset-based financing protocols and related opportunities.

How does USD.AI fit into iPower Inc. (IPW)’s AI infrastructure strategy?

USD.AI is described as a protocol using a digital asset framework to connect capital providers with infrastructure-backed opportunities. By buying USDai and intending to stake into sUSDai, iPower aims to participate in financing layers that support compute, data center and AI infrastructure growth.

What is sUSDai and how does iPower intend to use it?

sUSDai is USD.AI’s yield-bearing token into which USDai can be staked. iPower intends to stake its initially acquired USDai into sUSDai to gain exposure to yield opportunities associated with AI infrastructure financing, consistent with its broader AI infrastructure investment strategy.

Which other investors are mentioned in connection with the USD.AI ecosystem?

The release notes that the USD.AI ecosystem has attracted institutional and public-market interest, including a previously announced $4.0 million investment by Bullish and an investment by Coinbase Ventures in Permian Labs, the developer of USD.AI, highlighting broader participation around the protocol.

What broader business direction does iPower Inc. (IPW) describe in this disclosure?

iPower describes itself as a technology- and data-driven company expanding into AI infrastructure investments and related financing ecosystems. Building on its existing e-commerce operations and technology platform, it targets digital assets, infrastructure financing protocols and other AI-related opportunities to support long-term stockholder value.

Filing Exhibits & Attachments

4 documents

Press Releases

Other Documents