TechFlow, December 23 — iPower Inc. (Nasdaq: IPW) today announced a $30 million convertible note financing agreement with U.S. institutional investors, officially launching its Digital Asset Treasury (DAT) strategy. Of the initial $9 million funding, approximately $4.4 million will be allocated to establish the digital asset treasury holding Bitcoin and Ethereum. The remaining funds will be used to repay existing short-term loans and increase working capital. About 80% of subsequent financings will be dedicated to acquiring digital assets.
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