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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. Enters MoU with FLock for Privacy Preserving AI Solutions and FLOCK Treasury Strategy
Prnewswire· 2025-08-26 12:30
Core Insights - CIMG Inc. has signed a non-binding Memorandum of Understanding (MoU) with FLock Technology Holdings to collaborate on developing an AI-assisted wellness monitoring product called LifeNode [1][3] - The partnership aims to leverage FLock's privacy-preserving AI solutions and may include the acquisition of FLOCK tokens as a treasury reserve asset [1][4] - This collaboration is seen as a strategic growth step for CIMG, expanding its focus from specialty coffee to broader consumer food and beverage products [1][3] Company Overview - CIMG Inc. specializes in digital health and sales development, utilizing technology and marketing to enhance partners' sales growth [5] - The company’s brands include Kangduoyuan, Maca-Noni, Qianmao, Huomao, and Coco-mango [5] FLock Technology Holdings - FLock has developed a decentralized AI training platform, FLock.io, which combines federated learning and blockchain technology [2] - The platform allows for secure, privacy-preserving AI model training without centralizing data, enabling collaborative AI model development [2] Strategic Implications - The partnership is expected to enable the development of next-generation AI solutions that are personalized and privacy-centric, targeting the consumer health and wellness market [4] - CIMG anticipates that LifeNode will provide tailored wellness recommendations, integrating privacy-preserving AI and blockchain technologies [4] - The company sees significant growth potential in the digital asset and cryptocurrency sector and is evaluating the acquisition of FLOCK tokens [4]