Alset AI Ventures has completed the purchase of an additional 26% equity stake in Cedarcross International Technologies. This transaction closed on February 24, 2025, giving Alset AI about 75% ownership of Cedarcross Technologies and further solidifying its position in the growing AI cloud computing market. With this move, Alset AI is not only expanding its reach but also enhancing its ability to support businesses in scaling AI workloads efficiently.
Cedarcross Technologies, based in British Columbia, is solving the main problems in AI computing infrastructure. The company has two main business areas: helping small—to medium-sized businesses access high-performance AI computing resources.
- AI HPC Leasing: Cedarcross Technologies offers businesses a way to use high-performance computing (HPC) systems that run on Nvidia graphics processing units (GPUs). Small—to medium-sized businesses can rent the computing power they need rather than buy expensive AI hardware.
- AI HPC Hardware Distribution: Cedarcross Technologies has teamed up with Earthmade Computer Corp, a distributor of Super Micro Computer products, to offer AI GPU servers and high-performance computing (HPC) solutions. This partnership helps businesses focused on AI get specialized equipment for machine learning and AI projects.
By bringing Cedarcross Technologies into the fold, Alset AI has expanded its ability to offer AI infrastructure. Alset AI is a top provider of AI computing solutions that can grow with a business. his acquisition also enables Cedarcross to tap into Alset AI’s broader network, fostering more innovation in AI hardware and software solutions.
Adam Ingrao, Alset AI Ventures CEO also said that Cedarcross Technologies is a cornerstone of Alset AI’s AI infrastructure strategy. Leasing models with hardware distribution, Cedarcross is the only one to meet the demand for high performance computing. This is for long term value for our shareholders and access to AI everywhere.
Growing demand for AI infrastructure
The global AI industry is growing fast. Experts say companies will spend over $150 billion on AI infrastructure by 2030, and high-performance GPUs will play a big part in this growth.
Adam Ingrao, CEO of Alset AI Ventures, said: “AI infrastructure is at the heart of the digital transformation across industries. By acquiring the majority stake, Cedarcross Technologies becomes our flagship AI infrastructure business, a key part of our strategy.
Alset AI issued 19,999,988 common shares to acquire 26% more of Cedarcross Technologies. The shares were priced at $0.075 each, for a total of $1,499,999.10. The TSX Venture Exchange still needs to approve this deal. The new shares can’t be traded until June 25, 2025.
As AI improves, companies that provide the underlying compute infrastructure will play a big role. Alset AI Ventures is investing in Cedarcross Technologies to be at the forefront of this space and ready for the growing needs of AI-driven businesses.
With a foundation in AI high-performance computing and a clear plan to scale, Alset AI is poised to capitalize on the fast-growing AI market and offer fresh and easy solutions for businesses around the world.
