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Alset AI Ventures' Lyken.AI signs $250,000 contract

By The Northwire Desk — AI Analysis Feb 11, 2026 · 17:28 GPUS · 0.06 Alset AI Ventures Inc
GPUS · Price

Executive Summary

  • Alset AI Ventures Inc. (via its subsidiary Lyken.AI) has executed a formal cloud compute services contract with a leading multinational technology and telecommunications company, following a previously announced purchase order.
  • The initial three-month contract is valued at approximately $250,000, with service delivery already commenced.
  • The client has indicated an intent to renew the contract quarterly throughout 2026, which is expected to generate approximately $1 million in annualized recurring revenue.

Key Details

  • Contract Execution: Formal contract signed on February 6, 2026, following a purchase order dated February 2, 2026.
  • Counterparty: A leading multinational technology and telecommunications company (specific name not disclosed in this release).
  • Initial Contract Value: Approximately $250,000 for an initial three-month term.
  • Revenue Projection: Expected to generate approximately $1 million in annualized recurring revenue based on the client's intent to renew quarterly throughout 2026.
  • Service Type: Cloud compute services and full-service AI solutions.
  • Status: Service delivery has commenced.

Notable Quotes

  • "We are excited to have formalized this contract and begun delivering services to this leading multinational client. This is an important step in scaling recurring revenue for Lyken.AI." — Kurtis Krack, President of Lyken.AI
Read the original news release →

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