iPower Inc. Secures $30 Million Convertible Note Financing to Advance Digital Asset Strategy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
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Source: Businesswire
- Financing Strategy: iPower Inc. has announced a $30 million convertible note financing agreement with a US-based institutional investor, with the initial $9 million allocated to establish a Digital Asset Treasury expected to hold Bitcoin and Ethereum, thereby enhancing the company's competitive position at the intersection of digital assets and real-world commerce.
- Use of Funds: Approximately $4.4 million of the initial funding will be used to repay existing short-term bridge loans and add cash to the balance sheet for working capital, ensuring financial flexibility as the company expands its digital asset strategy.
- Market Positioning: This financing represents iPower's first concrete step in executing a broader crypto strategy, building on its foundation of $59 million in trailing 12-month revenue, aiming to create long-term value by integrating digital assets into e-commerce.
- Long-term Growth Potential: CEO Lawrence Tan stated that this financing strengthens the company's capital structure to support a durable growth strategy, indicating a commitment to integrating digital assets into everyday commerce to drive real economic activity and long-term value creation.
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About IPW
iPower, Inc. is a tech and data-driven online retailer, as well as a provider of value-added ecommerce services for third-party products and brands. The Company's capabilities include a full spectrum of online channels, fulfilment capacity, a network of warehouses serving the United States, last mile delivery partners, and a business intelligence platform. It moves a diverse catalogue of stock-keeping units (SKUs) from its supply chain partners to end consumers. It is engaged in developing in-house branded products and through supply chain partners, which include iPower, Simple Deluxe, and other brands and consist of products, such as home goods, fans, pet products, gardening and consumer electronics, among others. It sells hydroponic gardening products that end users may purchase for use in a variety of industries or segments, including the growing of cannabis and hemp. It has established its own in-house branded products as well as third-party brands from supply chain partners.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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