Alset AI Ventures Inc. (TSXV: GPUS; OTCQB: GPUSF) reported that portfolio company CHIP Data Centers Inc. has expanded its North American footprint to five AI-ready data-center sites across Ontario, Ohio and Texas.
According to information provided by CHIP management, the platform now represents 30 megawatts of operating, in-construction and signed capacity. Of that total, 4 MW is currently operating, while another 26 MW is under construction or covered by signed agreements.
Alset noted that it has not independently verified the representations provided by CHIP management.
The update also includes a customer commitment tied to CHIP’s next two planned data-center facilities in the Waterloo region of Ontario. CHIP said an unnamed global enterprise customer has committed to the first 20 MW of capacity at those locations, along with additional expansion capacity.
A master services agreement has been executed, according to the company, although the customer’s identity and financial terms were not disclosed.
CHIP also reported that it began generating its first significant cash flow in July 2026. The company did not disclose the amount generated.
The facilities are being developed for high-density artificial intelligence and high-performance computing workloads, which require significant power, cooling, connectivity and related infrastructure. CHIP describes its development model as modular and asset-light, with the goal of reducing the time required to bring new capacity into commercial operation.
Alset AI CEO Adam Ingrao said the reported 20 MW customer commitment provides commercial validation for CHIP’s next phase of expansion and increases Alset’s exposure to demand for AI-ready data-center capacity.
For investors, the distinction between operating and planned capacity remains important. Only 4 MW of CHIP’s reported 30 MW total is currently operating, while the remaining 26 MW is either under construction or signed. Future development remains dependent on factors including financing, permitting, power availability, interconnection, construction and customer demand.
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Over the next 12 months, CHIP plans to continue development of its two Waterloo-region facilities, advance its first U.S. data-center acquisition and pursue additional locations where power availability and customer demand support development.
The company has not provided specific commissioning dates for the planned facilities.
Sources
- Alset AI Ventures Inc., “Alset AI Provides Portfolio Update as CHIP Data Centers Advances 30 MW of Operating, In-Construction and Signed Capacity,” Aug. 26, 2026, via ACCESS Newswire
- CHIP Data Centers — Company Website
- StockTitan — Alset AI Provides Portfolio Update as CHIP Data Centers Advances 30 MW of Operating, In-Construction and Signed Capacity
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Sources used include Alset AI Ventures Inc.’s Aug. 26, 2026 portfolio update distributed through ACCESS Newswire and publicly available information from CHIP Data Centers.
CHIP reports 30 MW of operating, in-construction and signed capacity, of which 4 MW is currently operating and 26 MW is under construction or signed. Alset AI stated that it has not independently verified representations provided by CHIP management. The identity and financial terms of the reported global enterprise customer were not disclosed. Planned construction, customer commitments and the proposed U.S. expansion remain subject to execution risks and may not proceed as anticipated.
Operating and development information is current as of Aug. 26, 2026. No share-price or market-capitalization data was used.
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