Alset ai completes majority acquisition of ai cloud computing company cedarcross technologies

Strengthening ai infrastructure leadership amidst increasing global demand for high-performance computing not for distribution to united states newswire services or for release, publication, distribution or dissemination, directly or indirectly, in whole or in part, in or into the united states vancouver, bc / access newswire / february 26, 2025 / alset ai ventures inc.(tsxv:gpus)(otc pink:alscf)(fse:1r60, wkn:a3esvq)("alset ai" or the "company") an artificial intelligence (ai) venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce that, further to its news release dated december 10, 2024, the company has completed the acquisition of an aggregate approximately 26% equity stake in cedarcross international technologies inc. ("cedarcross technologies"), an arms'-length private british columbia-based ai cloud computing company (the "acquisition"), effective february 24, 2025. with the completion of the acquisition, alset ai now holds approximately 75% ownership of cedarcross technologies, strengthening its position in the ai cloud computing sector and reinforcing its commitment to advancing high-performance ai infrastructure.
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