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CIMG Inc. Announces Entry into Computing Power Industry; Initial Contracts with Aggregate Value of Approximately $124 Million
Prnewswire· 2026-01-05 14:20
Core Insights - CIMG Inc. has executed initial commercial contracts related to computing power, with a total contract value of approximately $124 million in Q4 2025, indicating a strategic shift towards technology-driven growth [1][2][3] Group 1: Strategic Deployment - The company has elevated its computing power business to a core strategy, recognizing its importance in the digital economy and its role in driving AI and big data analytics [2] - Mr. Wenlong Tong has been appointed as President to lead the expansion of the computing power business, aiming to transform technological capabilities into sustainable market competitiveness [2][3] Group 2: Initial Contracts and Commercial Progress - CIMG's subsidiary, Xinmiao Shidai, was shortlisted for a server procurement tender by Guangzhou Bank with a benchmark bid of approximately $15.95 million, although this does not guarantee a contract [4] - A sales contract valued at approximately $106.5 million was signed by Zhongyan Shangyue Technology Co., Ltd., subject to inspection and acceptance [5] - Two separate sales contracts for computing power products were signed, totaling approximately $1.78 million, covering high-performance computing servers and GPUs [6] Group 3: Synergy with Core Business - The computing power deployment is synergistic with the company's traditional digital health business, exemplified by the development of the "LifeNode" product in collaboration with FLock Technology Holdings [7] - The CEO emphasized the goal of establishing computing power as a foundational technology connecting various business segments, aiming to create an innovative commercial ecosystem [8][9]
CIMG Inc. Subsidiary Shortlisted as Supplier Candidate for Guangzhou Bank Equipment Procurement with a Total Benchmark Bid Amount of Approximately US$15.95 Million
Prnewswire· 2025-12-22 14:20
Core Viewpoint - CIMG Inc. has announced that its subsidiary, Xinmiao Shidai, has been shortlisted as a candidate supplier for Guangzhou Bank's server procurement tender, with a bid amount of approximately US$15.95 million [1] Group 1: Company Overview - CIMG Inc. specializes in digital health and sales development, utilizing technologies and marketing networks to enhance business partners' sales growth [1] - The company employs AI and cryptocurrencies to drive business growth, helping clients maximize user growth and enhance brand management value [3] Group 2: Partnership Details - Xinmiao Shidai will supply CPU servers, hard disks, and solid-state drives manufactured by Inspur Group Co., Ltd. under a two-year Framework Agreement with Guangzhou Bank [2] - The agreement allows Guangzhou Bank to conduct price inquiries or invite bids among shortlisted suppliers based on demand [2]