CHAI News & Events

Core AI Holdings announced it has entered into a strategic joint venture agreement with Toto Digital & Technology Solutions. The joint venture establishes a platform to develop and operate advanced data center campuses purpose-built for high-performance computing and artificial intelligence workloads. The partnership is designed to capitalize on the accelerating global demand for compute capacity.

Core AI Holdings announced the formation of a joint venture with Optimus Technology Group to create OptiCore data centers. The JV will be dedicated to developing and operating sovereign AI data centers near the nation's leading research universities. Building on Optimus' decades of experience, OptiCore will focus on serving the 187 R1-designated universities across the United States- institutions recognized for their very high research activity and significant government and industry partnerships. "We're excited for this opportunity to collaborate with Optimus and bring next-generation data center infrastructure to the nation's most advanced research institutions," said Aitan Zacharin, CEO of Core AI Holdings, Inc. "This joint venture unlocks significant new market opportunities for Core AI and our partner, offering advanced data center services that can help accelerate AI research at the nation's most prestigious universities. By offering secure, high-performance data centers near R1 campuses, OptiCore will position us at the forefront of AI infrastructure innovation and enable researchers to drive breakthroughs in predictive modeling, generative AI and practical applications."

Core AI Holdings entered into a Memorandum of Understanding with CSPM Resources, a Malaysian data center developer, to pursue next-generation AI-ready data center opportunities in the region. "This partnership represents an important execution milestone in our global AI data center initiative," said Aitan Zacharin, CEO. "Global hyperscalers are investing billions of dollars in Malaysia, including major commitments from Amazon Web Services, Oracle, Google, TikTok, and Microsoft, and partnering with CSPM positions Core AI to capitalize on the opportunities created by these investments. As hyperscalers increasingly require turnkey, AI-optimized facilities, CSPM stands out as one of the region's most experienced developers and trusted partners. We believe that by leveraging CSPM's technology, high level technical expertise, and deep industry and government relationships we will have an advantage in the market. Together, we see a compelling opportunity to capture a meaningful share of these multi-billion-dollar investments by repositioning existing facilities for the AI era." Through the partnership Core AI and CSPM plan to identify existing edge computing data centers and retrofit and expand them into Tier 3 or Tier 4 AI-capable facilities. By leveraging existing facilities, power access and network connectivity, our collaboration is designed to significantly shorten development timelines, with operational readiness potentially achieved in approximately 12 months. Once upgraded, the facilities are expected to be operated as co-location assets or positioned for sale to hyperscalers seeking fully built, AI-ready infrastructure.

Core AI Holdings (CHAI) announced that it has simultaneously signed and closed a definitive agreement to divest Siyata Mobile (SYTA) and its subsidiaries. This transaction is effective immediately and represents a completed strategic action to streamline operations and concentrate capital and resources on Core AI's core artificial intelligence initiatives. Under the terms of the definitive agreement, Core AI is entitled to receive aggregate consideration consisting of initial consideration of $100,000 in cash, and earn-out consideration consisting of three separate annual earn-out payments. Each earn-out payment will equal the greater of $200,000 or 1% of gross revenue generated by Siyata during each applicable earn-out period, as reported in audited annual financial statements prepared in accordance with IFRS. Based on unaudited pro forma financial information as of September 30, 2025, the divestiture has the following impact on Core AI's financial profile: Net loss for the nine months ended September 30, 2025 was reduced from $12.5M to $4.8M, representing an $8.7M improvement, primarily driven by the removal of Siyata operating expenses. Total assets decreased from $51.6M to $31.6M, reflecting a $20M reduction associated with the divested business. Total liabilities decreased from $22.4M to $18.3M, a $4.1M improvement, further strengthening the Company's balance sheet.