Loading...
According to Globenewswire, iPower Inc., an e-commerce and supply chain platform listed on NASDAQ, announced that its board of directors has approved a major strategic transformation to restructure into a cryptocurrency asset management and blockchain infrastructure services company. The company plans to launch a Bitcoin reserve strategy, incorporating Bitcoin as a long-term value storage tool into the corporate financial system. In addition to establishing Bitcoin reserves, iPower will rely on the existing e-commerce platform SuperSuite to expand blockchain related retail services, including cloud computing retail, home mining machine distribution, and cold wallet product line development. The company emphasizes that its existing business will continue to operate, but its focus will shift towards the digital asset economy in the future. The specific implementation plan and partner information are expected to be announced in the coming months.