Agencia Comercial (Nasdaq: AGCC) is a Taiwan-based whisky distributor that sources premium bottled and cask whiskies — primarily from the UK and Taiwan — and sells them on a B2B basis to bars, nightclubs, VIP lounges, and downstream spirits distributors in Taiwan. The company operates three business lines: bottled whisky distribution (brands include Macallan, Glenlivet, and Dalmore), raw cask whisky distribution (inactive in FY2025), and a proprietary cask-to-bottle segment where the company sources raw casks directly from distilleries, bottles and packages the whisky in Taiwan under licensed brand names like Ninja Whisky and Robuchon, and sells the finished product. The company does not distill whisky — it acts purely as a trading intermediary. Profitability is driven by the spread between sourcing and selling prices, product mix, and FX rates, since imported products are priced in GBP. The cask-to-bottle segment carries higher margins than standard distribution by avoiding the cost of shipping finished product from Europe. The company has no formal long-term supply contracts and purchases inventory on an ad hoc basis. Two customers accounted for roughly 40% of FY2025 sales. In early 2026, the company announced a pivot into AI computing infrastructure, disclosing non-binding letters of intent to lease approximately 300 NVIDIA B300 servers and acquire land in Indonesia for a data center — an entirely new direction that is not yet operational.