Alset Capital Announces Investee Company Cedarcross Enters into Supply Agreement to Purchase Nvidia AI Computing Hardware from Earthmade Computer Inc., an Authorized Distributor of Super Micro Computer, Inc.
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2024) - Alset Capital Inc. (TSXV: KSUM) (FSE: 1R60) (WKN: A3ESVQ) ("Alset" or the "Company") is pleased to announce that its investee company, Cedarcross International Technologies Inc. ("Cedarcross"), has entered into a Supply Agreement (the "Agreement") with CoinDigger DBA Earthmade Computer Corp. ("Earthmade"). This Agreement grants Cedarcross the authority to engage directly with Super Micro Computer, Inc. (NASDAQ: SMCI) for the...
2024-04-04 4:00 AM EDT
Alset Capital Inc. Announces Secured Loan to AI Investee Company Cedarcross International Technologies, Cedarcross to Purchase 10 Nvidia H100 HGX Servers
News Release Highlights: Alset provides $3.7 million secured loan to Cedarcross to purchase 10 Nvidia H100 HGX 8GPU servers capable of 700,000 compute hours per annum. Alset's portfolio company, Cedarcross, aims to become leading AI cloud computing provider, planning to leverage industry network and capital to grow aggressively. At a billable rate of USD $2.80 per chip hour, 10 Nvidia H100 HGX 8GPU servers are capable of compute leasing revenue of approx. USD $2 million per annum, with...
2024-04-02 3:05 AM EDT
Alset Capital Inc. Announces Frankfurt Stock Exchange Listing and Engagement of Corporate Awareness Providers, Including Omni8 Communications Inc.
Vancouver, British Columbia--(Newsfile Corp. - March 27, 2024) - Alset Capital Inc. (TSXV: KSUM) (FSE: 1R60) ("Alset" or the "Company") is pleased to announce the listing of the common shares in the capital of the Company (the "Common Shares") on the Frankfurt Stock Exchange (the "FSE") under the trading symbol "1R60", WKN: A3ESVQ and ISIN: CA02115L2003. The Common Shares are now cross-listed on the Toronto Stock Exchange Venture (the "TSXV") in Canada, and the FSE in Germany. The FSE is one...
2024-03-27 9:54 PM EDT
Alset Capital Inc. Announces Closing of Fully Subscribed $6M Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 22, 2024) - Alset Capital Inc. (TSXV: KSUM) ("Alset" or the "Company") is pleased to announce that it has completed the second tranche of its non-brokered private placement of units of the Company (the "Units") at a price of $0.15 per Unit, for aggregate gross proceeds of $1,222,627.05 (the "Offering"). Together with the Company's closing of the first tranche of the Offering, the Company has raised an aggregate of $6,000,000 through the...
2024-03-22 7:58 PM EDT
Alset Capital Inc. Announces Closing of $4.77M First Tranche of $6M Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 15, 2024) - Alset Capital Inc. (TSXV: KSUM.H) ("Alset" or the "Company") is pleased to announce that it has completed the first tranche of its non-brokered private placement of units of the Company (the "Units") at a price of $0.15 per Unit, for aggregate gross proceeds of $4,777,323 (the "Offering"). Each Unit is comprised of one (1) Common Share and one-half of one Common Share purchase warrant (each, whole warrant, a "Warrant"). Each...
2024-03-15 7:24 PM EDT