Alset AI forms partnership for data centre expansion

Executive Summary

• Alset AI Ventures Inc. has entered into a strategic alliance with Chip Datacentres Inc. via a Memorandum of Understanding (MOU) dated August 25, 2025, to support the commercial deployment of AI infrastructure.
• As part of the alliance, Alset AI has made a strategic investment in Chip Datacentres' Waterloo-based data center, which is currently expanding power capacity to approximately two megawatts in its initial build-out.
• The partnership leverages Alset AI’s cloud compute platform, Lyken.AI, to serve enterprise AI and GPU compute clients, with Chip management citing aggregated demand for over 800 MW of AI-focused infrastructure from over 60 global technology firms.

Key Details

• Parties Involved: Alset AI Ventures Inc. and Chip Datacentres Inc.
• Agreement Type: Memorandum of Understanding (MOU) executed on August 25, 2025.
• Investment Details: Alset AI made a strategic investment in Chip Datacentres' Waterloo-based data center.
• Infrastructure Specs: The Waterloo data center is building out power capacity of approximately two megawatts in the initial phase.
• Technology Focus: The facility is optimized for GPU servers, specifically Nvidia H100 and A100, featuring advanced cooling, deeper racks, and efficient scaling capabilities.
• Strategic Goals:
  • Joint go-to-market efforts targeting enterprise AI and GPU compute clients.
  • Revenue-generating collaboration on AI rack space and cloud services.
  • Cross-selling and referral opportunities through Alset AI’s Lyken.AI platform.
  • Co-branded offerings to target high-demand workloads.
• Market Context: Chip Datacentres management reports deep enterprise relationships with over 60 global technology firms, representing an aggregated demand of over 800 MW of AI-focused infrastructure.
• CEO Commentary: CEO Adam Ingrao highlighted the importance of reliable Canadian power capacity and the strategic positioning of Alset AI to deliver end-to-end compute solutions across Canada and global markets.

Notable Quotes

• "This is a strategic step in bringing future best-in-class infrastructure together with our compute platform," said Adam Ingrao, chief executive officer of Alset AI. "Access to reliable Canadian power capacity is essential as demand for AI compute continues to surge, and this partnership with Chip will provide us with a scalable foundation to meet that need."