Group 1 - iPower Inc has announced a $30 million convertible note financing arrangement with a U.S. institutional investor to initiate its Digital Asset Treasury (DAT) strategy [1] - Of the initially committed $9 million, approximately $4.4 million will be allocated for the purchase of Bitcoin and Ethereum, while the remainder will be used to repay short-term loans and supplement working capital [1] - In subsequent financing rounds, about 80% of the funds are planned to be used for acquiring digital assets [1]