PANews reported on June 17 that iPower Inc., a NASDAQ-listed e-commerce and supply chain platform, announced that its board of directors approved a major strategic transformation and will be restructured into a crypto asset management and blockchain infrastructure services company. The company plans to launch a bitcoin reserve strategy to incorporate bitcoin as a long-term store of value into the corporate financial system. In addition to building a bitcoin reserve, iPower will rely on its existing e-commerce platform SuperSuite to expand blockchain-related retail services, including cloud computing power retail, home mining machine distribution and cold wallet product line development. The company emphasized that the existing business will remain operational, but the focus will shift to the digital asset economy in the future. The specific implementation plan and partner information are expected to be announced in the coming months.
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Web3ProductManager
· 12h ago
looking at cohort data, this pivot is exactly what the market needs rn
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HashBandit
· 06-17 15:20
back in my mining days, power costs ate me alive... hope they did the math on hashrate economics smh
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GateUser-cff9c776
· 06-17 13:56
Bear Market get on board bull run get rich together, let's wait for the cycle.
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GhostAddressMiner
· 06-17 13:53
On-chain data has shown everything... The direction of this fund was hinted at three months ago.
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FancyResearchLab
· 06-17 13:47
Another traditional enterprise confused by Web3... I bet a btc he is going to fail.
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MidnightGenesis
· 06-17 13:31
The monitoring shows that the old contract has been secretly deployed for an upgrade, and details will be announced late at night.
NASDAQ-listed company iPower transforms into cryptocurrency asset management, launching Bitcoin reserve strategy.
PANews reported on June 17 that iPower Inc., a NASDAQ-listed e-commerce and supply chain platform, announced that its board of directors approved a major strategic transformation and will be restructured into a crypto asset management and blockchain infrastructure services company. The company plans to launch a bitcoin reserve strategy to incorporate bitcoin as a long-term store of value into the corporate financial system. In addition to building a bitcoin reserve, iPower will rely on its existing e-commerce platform SuperSuite to expand blockchain-related retail services, including cloud computing power retail, home mining machine distribution and cold wallet product line development. The company emphasized that the existing business will remain operational, but the focus will shift to the digital asset economy in the future. The specific implementation plan and partner information are expected to be announced in the coming months.