iPower is a supply chain services and e-commerce company shifting its strategic focus toward artificial intelligence infrastructure. Historically, iPower operated as a supply chain intermediary, sourcing consumer goods from manufacturers in the U.S. and overseas and distributing them to business customers through a network of third-party fulfillment centers. The company continues to maintain commercial supply chain and online retail operations through its subsidiaries, iPower Nexus and IPW Commerce, and serves as a merchandise supplier to its divested distribution business by procuring products at a fixed margin. Under its new strategic direction, iPower is building an AI infrastructure business through iPower AI, which centers on acquiring, financing, and leasing specialized AI equipment. Additionally, iPower holds digital assets from a corporate treasury strategy that management is winding down to reallocate capital toward AI equipment opportunities.