Alset AI Ventures Strengthens AI Infrastructure with Cedarcross Acquisition

Alset AI Ventures Inc. has completed its majority acquisition of Cedarcross Technologies, solidifying its position in the AI cloud computing industry. This acquisition increases Alset AI's ownership to approximately 75%, enhancing its capabilities in AI infrastructure.

Cedarcross Technologies offers AI high-performance computing (HPC) solutions through leasing and hardware distribution, partnering with Earthmade Computer Corp. This dual approach allows access to powerful Nvidia GPUs and serves varied AI and machine learning business needs.

The integration of Cedarcross into Alset AI's portfolio marks a strategic step toward addressing global demand for scalable computing solutions, positioning the company for further growth in AI infrastructure.

The acquisition, an arm's length transaction, involves the issuance of shares worth around $1.5 million, contingent on regulatory approval. Alset AI envisions leveraging Cedarcross as a flagship business to explore additional opportunities in AI infrastructure.