Alset Capital, Inc. (TSE:KSUM) has released an update.
Alset Capital Inc. has provided a $3.7 million secured loan to Cedarcross International Technologies for the purchase of 10 cutting-edge Nvidia H100 HGX servers, positioning Cedarcross to become a dominant AI cloud computing provider with projected leasing revenues of $2 million annually. Capitalizing on the AI infrastructure boom, Alset has secured a significant stake in the burgeoning AI computing sector through its 49% ownership in Cedarcross, which already has half of the servers operational in a top-tier Vancouver data center.
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