Alset’s Cedarcross Secures Lucrative AI Compute Deal

Alset Capital, Inc. (TSE:KSUM) has released an update.

Alset Capital Inc. reports that Cedarcross Technologies, a company they partly own, has inked a C$5.5 million AI compute leasing deal expected to yield a C$4.4 million gross margin over two years. The agreement secures 1.4 million AI compute hours for an unnamed but reputable client, marking Cedarcross’s expansion in AI infrastructure services. This move aligns with the global surge in demand for AI computing power and the Canadian Government’s substantial investment in AI capabilities.

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