US Market News
5日前
EVTV Advances 500 MW AI Data Center Vision as AZIO AI Adds A16Z Fund Strategy Leader to Advisory Team Amid Growing Interest in AI Infrastructure with Companies like SpaceX and xAIJune 16, 2026 6:30 AM
ACCESS NewswireAppointment Adds Institutional Capital Markets and AI Infrastructure Expertise as EVTV Pursues Off-grid Power-Backed Hyperscale Data Center Development and AI Compute Expansion Following the Historic SpaceX IPOHOUSTON, TX / ACCESS Newswire / June 16, 2026 / Envirotech Vehicles, Inc. (NASDAQ:EVTV) ("EVTV" or the "Company") today highlighted the recent appointment of Andrew Omori, Partner and Head of Fund Strategy at Andreessen Horowitz ("a16z"), to the advisory team of AZIO AI Corporation ("AZIO AI"), EVTV's merger partner under the previously announced definitive merger agreement.AZIO AI management believes the appointment further strengthens the leadership, capital markets expertise, and strategic capabilities being assembled for the combined artificial intelligence ("AI") infrastructure platform contemplated by the proposed transaction.The announcement comes amid accelerating investor attention surrounding AI infrastructure, data centers, power generation, and the physical assets required to support the next generation of AI applications. Market participants have increasingly focused on the infrastructure layer supporting leading AI companies, including organizations such as SpaceX and xAI, while broader developments in satellite connectivity, cloud infrastructure, and high-performance computing continue driving demand for compute capacity and data center development.EVTV management believes one of the defining opportunities of the AI era may be ownership and development of the physical infrastructure required to support increasingly compute-intensive workloads. Through its South Texas operations, EVTV has identified approximately 11 MW of currently available power capacity and is evaluating opportunities associated with up to approximately 500 MW of additional power capacity that could support future AI Hyperscale data center, compute hosting, and digital infrastructure initiatives.Mr. Omori brings nearly two decades of experience spanning technology investment banking, capital markets, mergers and acquisitions, institutional finance, strategic planning, and AI-enabled operational systems. At Andreessen Horowitz, he established and leads the firm's Fund Strategy function, supporting capital allocation, financial modeling, operational analytics, and internal AI initiatives across one of Silicon Valley's most influential investment platforms.Andreessen Horowitz has invested across multiple segments of the artificial intelligence ecosystem, including investments in companies such as xAI, OpenAI, Databricks, and other organizations helping drive demand for next-generation compute infrastructure.AZIO AI management believes Mr. Omori's appointment strengthens the broader leadership ecosystem surrounding the proposed combined company and reflects AZIO AI's continued efforts to attract experienced advisors with backgrounds in institutional capital formation, AI infrastructure, technology finance, and public-company transactions.The appointment follows EVTV's previously announced merger agreement with AZIO AI and comes as the parties continue advancing their strategy around AI infrastructure deployment, power-backed compute operations, modular data center development, and scalable digital infrastructure opportunities."Artificial intelligence is creating one of the largest infrastructure buildouts in modern history," said Chris Young. "Whether the demand originates from foundation model developers, enterprise AI platforms, cloud providers, or emerging technology ecosystems, the common denominator is a growing need for power, compute, networking, and data center capacity. We believe EVTV is positioning itself at the intersection of those trends."Young continued, "Andrew's appointment to AZIO AI's advisory team brings valuable institutional perspective at a time when the combined platform is preparing for its next phase of growth. As demand for AI infrastructure continues accelerating, experience across capital markets, AI systems, and technology transactions becomes increasingly relevant to executing on a large-scale infrastructure strategy."Mr. Omori will serve in an independent personal advisory capacity to AZIO AI. His participation does not represent Andreessen Horowitz and should not be construed as an endorsement by, affiliation with, or investment from Andreessen Horowitz, xAI, SpaceX, OpenAI, or any affiliated company or investment fund.About Envirotech Vehicles, Inc. (NASDAQ:EVTV)Envirotech Vehicles, Inc. is a technology-focused company pursuing strategic initiatives designed to enhance long-term shareholder value through infrastructure development, platform transformation, energy-backed compute deployment, and next-generation digital infrastructure opportunities.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as "may," "will," "could," "expect," "anticipate," "believe," "estimate," "project," "intend," "continue," "potential," "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include statements regarding increased investor attention surrounding AI infrastructure, data centers, power generation, and AI application physical assets, market participants' increased focus on infrastructure layer to support AI companies, market demand for compute demand and data center capacity, currently available and potential power capacity at EVTV's South Texas operations, EVTV's position within the AI infrastructure market, the parties' ability to scale their data infrastructure platform, the expected timing of consummation of the proposed merger, the ability of the parties to satisfy the conditions to completion of the proposed merger, including the receipt of required stockholder approval, anticipated benefits and synergies of the proposed merger, and EVTV's broader business strategy. These statements are based on current expectations and assumptions that involve risks and uncertainties that could cause actual results to differ materially. Most of these factors are outside EVTV's control and are difficult to predict. Factors that may affect actual results include, but are not limited to, EVTV's limited operating history within AI infrastructure and compute operations, project scope, engineering challenges, supply chain constraints, installation timelines, energy availability, finalization of site usage rights, regulatory considerations, SEC review timing, equipment performance, ability to raise capital required for expansion activities, changes in digital asset markets, evolving compute demand, market conditions, the risk that the closing conditions to the proposed merger are not satisfied or waived, including the failure to obtain required stockholder approval or the failure of the SEC to declare EVTV's Registration Statement on Form S-4 (the "Form S-4") effective on a timely basis or at all; uncertainties as to the timing of the consummation of the proposed merger; the risk that the proposed merger disrupts EVTV's current plans, operations, or business relationships; the risk of unexpected costs, charges, or expenses resulting from the proposed merger; the risk that the anticipated benefits and synergies of the proposed merger are not realized; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed merger; risks related to the diversion of management's attention from ongoing business operations during the pendency of the proposed merger; risks related to EVTV's ability to maintain its Nasdaq listing pending the closing of the proposed merger; and additional risks and uncertainties described in EVTV's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the SEC, which are available at www.sec.gov. EVTV undertakes no obligation to update forward-looking statements except as required by law.No Offer or SolicitationThis communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor a solicitation of any vote or approval with respect to the proposed merger or otherwise. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.Additional Information and Where to Find ItThis communication relates to the proposed merger involving AZIO AI and EVTV and may be deemed to be solicitation material in respect of the proposed merger. In connection with the proposed merger, EVTV will file relevant materials with the SEC, including the Form S-4 that will contain a proxy statement/prospectus. This communication is not a substitute for the Form S-4, the proxy statement/prospectus, or for any other document that EVTV may file with the SEC or send to EVTV's stockholders in connection with the proposed merger. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF EVTV ARE URGED TO READ THE FORM S-4, THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT EVTV, THE PROPOSED MERGER AND RELATED MATTERS. Investors and security holders will be able to obtain free copies of the Form S-4, the proxy statement/prospectus and other documents filed by EVTV with the SEC through the website maintained by the SEC at www.sec.gov. Copies of the documents filed by EVTV with the SEC will also be available free of charge on EVTV's website at www.evtvusa.com/company/investor-relations/ or by contacting EVTV's investor relations department at info@evtvusa.com.Participants in the SolicitationEVTV, AZIO AI, and their respective directors and certain of their executive officers may be considered participants in the solicitation of proxies from EVTV's stockholders with respect to the proposed merger under the rules of the SEC. Information about the directors and executive officers of EVTV is set forth in its Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on April 13, 2026, and in subsequent Quarterly Reports on Form 10-Q and other documents filed from time to time with the SEC. Additional information regarding the persons who may be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will also be included in the Form S-4, the proxy statement/prospectus, and other relevant materials to be filed with the SEC when they become available. You may obtain free copies of these documents as described in the "Additional Information and Where to Find It" section above.Contact:
Envirotech Vehicles, Inc.
Merrick Alpert, Chief Communications Officer
Telephone: (870) 970-3355
Email: merrick@evtvusa.comSOURCE: Envirotech Vehicles, Inc.View the original press release on ACCESS NewswireOriginal: EVTV Advances 500 MW AI Data Center Vision as AZIO AI Adds A16Z Fund Strategy Leader to Advisory Team Amid Growing Interest in AI Infrastructure with Companies like SpaceX and xAI
Trooperstocks
3週前
$EVTV News: Envirotech Vehicles, Inc. Builds out 500 MW Energy-Backed Infrastructure Platform Across 548-Acre Campus to Power Artificial Intelligence and Data Center Growth
Company Develops Large-Scale Power, Land, and Connectivity — the Resources the AI Economy Needs Most — as It Executes Its Merger and Development Agreement with AZIO AI
HOUSTON--(BUSINESS WIRE)--Envirotech Vehicles, Inc. (NASDAQ: EVTV) (“EVTV” or the “Company”) today announced significant progress building a large-scale, energy-backed digital infrastructure platform designed to serve the accelerating power demands of artificial intelligence and data center growth, as the Company continues executing on its previously announced Merger and Development Agreement (“MDA”) with AZIO AI.
EVTV & AZIO AI TAKE ARTIFICIAL INTELLIGENCE AND DATA CENTER GROWTH TO NEW HEIGHTS ACROSS 548-ACRE CAMPUS
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The Company is developing the power, land, and connectivity that AI and high-performance computing operators require — resources for which, in the Company’s view, access to large and reliable electricity supply has become a primary constraint on growth. To meet that demand, EVTV has established a development platform engineered to support up to 500 megawatts (MW) of planned behind-the-meter power capacity.
To illustrate the scale of that capacity: 500 MW is roughly enough electricity to power a mid-sized American city — on the order of 375,000 homes — and is comparable to the power that runs a large artificial intelligence data center campus, the kind being developed by the world’s largest technology companies.
The Company currently operates approximately 6 MW of deployed digital infrastructure, with additional deployment phases underway — operational capacity in the ground today and a defined development path toward a substantially larger platform. Alongside its power development, EVTV has expanded its controlled development footprint to more than 548 acres, positioning the Company on the supply side of one of the fastest-growing demand curves in the global economy.
Executing the Merger and Development Agreement with AZIO AI
While the proposed transaction with AZIO AI remains subject to customary closing conditions, EVTV and AZIO AI have continued working collaboratively to advance infrastructure planning, energy development, site expansion, fiber deployment, and long-term digital infrastructure opportunities.
Since execution of the MDA, the Company has expanded its controlled development footprint to more than 548 acres through executed lease agreements, development rights, and strategic site-control arrangements. It has established the platform supporting up to 500 MW of planned behind-the-meter power capacity, positioning EVTV to pursue opportunities across artificial intelligence, enterprise computing, cloud infrastructure, high-performance computing, and energy-backed digital infrastructure markets.
The Company has further secured dedicated fiber infrastructure for current operations and future expansion, while advancing natural gas interconnection activities and energy infrastructure planning designed to support scalable growth.
Management believes the combination of strategic land control, scalable energy resources, dedicated connectivity, and disciplined infrastructure development creates a platform capable of supporting long-term demand from some of the fastest-growing segments of the global economy.
Key Development Milestones
Controlled development footprint expanded to more than 548 acres
Development platform engineered to support up to 500 MW of planned behind-the-meter power capacity — comparable to the energy needs of a large AI data center campus
Approximately 6 MW of digital infrastructure currently operational, with additional deployment phases underway
Dedicated fiber infrastructure secured for current and future operations
Natural gas interconnection requests progressing through engineering review
Multi-phase infrastructure strategy supporting artificial intelligence, enterprise computing, cloud services, and high-performance digital infrastructure
Management Commentary
“Since announcing our Merger and Development Agreement with AZIO AI, our focus has remained on execution,” said Elgin Tracy, President of Envirotech Vehicles. “Everyone is talking about artificial intelligence — but AI does not run without power, land, and connectivity, and those are the assets we are securing. We have expanded our footprint past 548 acres, established a platform engineered for up to 500 MW of planned capacity, and advanced the fiber and energy planning needed to scale. We believe this progress represents important milestones toward building long-term value for our shareholders.”
Chris Young, Chief Executive Officer of AZIO AI, added, “While the transaction remains subject to customary closing conditions, our organizations have continued collaborating on the development initiatives that support future growth. The combination of controlled acreage, scalable energy resources, dedicated fiber connectivity, and long-term infrastructure planning provides a strong foundation for the demand opportunity we see ahead.”
Looking Ahead
The Company intends to continue advancing infrastructure deployment, site development, energy supply initiatives, interconnection activities, and strategic partnerships as it executes its long-term growth strategy. Additional updates regarding development milestones, infrastructure expansion, merger-related activities, and commercial initiatives will be provided as material developments occur.
About Envirotech Vehicles, Inc.
Envirotech Vehicles, Inc. (NASDAQ: EVTV) is a technology-focused infrastructure company executing a strategic transition toward AI compute, digital asset mining, and energy-backed data center operations, anchored by behind-the-meter natural gas power in South Texas.
About AZIO AI
AZIO AI is an artificial intelligence infrastructure company focused on the sale and distribution of GPUs and server racks, co-development of AI data center capacity in domestic and international markets, and operation of compute and Bitcoin mining systems.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “may,” “will,” “could,” “expect,” “anticipate,” “believe,” “estimate,” “project,” “intend,” “continue,” “potential,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include statements regarding installation and deployment of modular Bitcoin mining container infrastructure, estimated operating power costs, ability to generate revenue from Bitcoin mining container infrastructure, AZIO AI’s delivery of GPU infrastructure, AZIO AI’s ability to expand its pipeline with additional GPU infrastructure opportunities, EVTV’s ability to advance fiber connectivity to its South Texas site, AZIO AI’s ability to support deployment and operations across compute infrastructure, EVTV’s ability to expand its power capacity at its South Texas site, customer demand for GPU compute infrastructure, the parties’ ability to scale their modular data infrastructure, anticipated filing and effectiveness of the Form S-4, the expected timing of consummation of the proposed merger, the ability of the parties to satisfy the conditions to completion of the proposed merger, including the receipt of required stockholder approval, the expected post-closing listing and trading of the combined company’s shares on the Nasdaq Capital Market, anticipated benefits and synergies of the proposed merger, and the Company’s broader business strategy. These statements are based on current expectations and assumptions that involve risks and uncertainties that could cause actual results to differ materially. Most of these factors are outside the Company’s control and are difficult to predict. Factors that may affect actual results include, but are not limited to, the Company’s limited operating history within AI infrastructure and compute operations, project scope, engineering challenges, supply chain constraints, installation timelines, energy availability, finalization of site usage rights, regulatory considerations, SEC review timing, equipment performance, ability to raise capital required for expansion activities, changes in digital asset markets, evolving compute demand, market conditions, the risk that the closing conditions to the proposed merger are not satisfied or waived, including the failure to obtain required stockholder approval or the failure of the SEC to declare the Form S-4 effective on a timely basis or at all; uncertainties as to the timing of the consummation of the proposed merger; the risk that the proposed merger disrupts the Company’s current plans, operations, or business relationships; the risk of unexpected costs, charges, or expenses resulting from the proposed merger; the risk that the anticipated benefits and synergies of the proposed merger are not realized; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed merger; risks related to the diversion of management’s attention from ongoing business operations during the pendency of the proposed merger; risks related to the Company’s ability to maintain its Nasdaq listing pending the closing of the proposed merger; and additional risks and uncertainties described in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the SEC, which are available at www.sec.gov. The Company undertakes no obligation to update forward-looking statements except as required by law.
No Offer or Solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor a solicitation of any vote or approval with respect to the proposed merger or otherwise. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.
Contacts
MEDIA CONTACT
Phoenix MGMT & Consulting
Press@PhoenixMGMTConsulting.com
888-228-0122
US Market News
3週前
Envirotech Vehicles, Inc. (NASDAQ: EVTV) Builds out 500 MW Energy-Backed Infrastructure Platform Across 548-Acre Campus to Power Artificial Intelligence and Data Center GrowthJune 2, 2026 8:40 AM
Business Wire Company Develops Large-Scale Power, Land, and Connectivity — the Resources the AI Economy Needs Most — as It Executes Its Merger and Development Agreement with AZIO AI Envirotech Vehicles, Inc. (NASDAQ: EVTV) (“EVTV” or the “Company”) today announced significant progress building a large-scale, energy-backed digital infrastructure platform designed to serve the accelerating power demands of artificial intelligence and data center growth, as the Company continues executing on its previously announced Merger and Development Agreement (“MDA”) with AZIO AI. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260602384656/en/EVTV SECURES 548-ACRE AI INFRASTRUCTURE CAMPUS CAPABLE OF SUPPORTING UP TO 500 MW OF FUTURE DATA CENTER DEVELOPMENT The Company is developing the power, land, and connectivity that AI and high-performance computing operators require — resources for which, in the Company’s view, access to large and reliable electricity supply has become a primary constraint on growth. To meet that demand, EVTV has established a development platform engineered to support up to 500 megawatts (MW) of planned behind-the-meter power capacity. To illustrate the scale of that capacity: 500 MW is roughly enough electricity to power a mid-sized American city — on the order of 375,000 homes — and is comparable to the power that runs a large artificial intelligence data center campus, the kind being developed by the world’s largest technology companies. The Company currently operates approximately 6 MW of deployed digital infrastructure, with additional deployment phases underway — operational capacity in the ground today and a defined development path toward a substantially larger platform. Alongside its power development, EVTV has expanded its controlled development footprint to more than 548 acres, positioning the Company on the supply side of one of the fastest-growing demand curves in the global economy. Executing the Merger and Development Agreement with AZIO AI While the proposed transaction with AZIO AI remains subject to customary closing conditions, EVTV and AZIO AI have continued working collaboratively to advance infrastructure planning, energy development, site expansion, fiber deployment, and long-term digital infrastructure opportunities. Since execution of the MDA, the Company has expanded its controlled development footprint to more than 548 acres through executed lease agreements, development rights, and strategic site-control arrangements. It has established the platform supporting up to 500 MW of planned behind-the-meter power capacity, positioning EVTV to pursue opportunities across artificial intelligence, enterprise computing, cloud infrastructure, high-performance computing, and energy-backed digital infrastructure markets. The Company has further secured dedicated fiber infrastructure for current operations and future expansion, while advancing natural gas interconnection activities and energy infrastructure planning designed to support scalable growth. Management believes the combination of strategic land control, scalable energy resources, dedicated connectivity, and disciplined infrastructure development creates a platform capable of supporting long-term demand from some of the fastest-growing segments of the global economy. Key Development Milestones Controlled development footprint expanded to more than 548 acres Development platform engineered to support up to 500 MW of planned behind-the-meter power capacity — comparable to the energy needs of a large AI data center campus Approximately 6 MW of digital infrastructure currently operational, with additional deployment phases underway Dedicated fiber infrastructure secured for current and future operations Natural gas interconnection requests progressing through engineering review Multi-phase infrastructure strategy supporting artificial intelligence, enterprise computing, cloud services, and high-performance digital infrastructure Management Commentary “Since announcing our Merger and Development Agreement with AZIO AI, our focus has remained on execution,” said Elgin Tracy, President of Envirotech Vehicles. “Everyone is talking about artificial intelligence — but AI does not run without power, land, and connectivity, and those are the assets we are securing. We have expanded our footprint past 548 acres, established a platform engineered for up to 500 MW of planned capacity, and advanced the fiber and energy planning needed to scale. We believe this progress represents important milestones toward building long-term value for our shareholders.” Chris Young, Chief Executive Officer of AZIO AI, added, “While the transaction remains subject to customary closing conditions, our organizations have continued collaborating on the development initiatives that support future growth. The combination of controlled acreage, scalable energy resources, dedicated fiber connectivity, and long-term infrastructure planning provides a strong foundation for the demand opportunity we see ahead.” Looking Ahead The Company intends to continue advancing infrastructure deployment, site development, energy supply initiatives, interconnection activities, and strategic partnerships as it executes its long-term growth strategy. Additional updates regarding development milestones, infrastructure expansion, merger-related activities, and commercial initiatives will be provided as material developments occur. About Envirotech Vehicles, Inc. Envirotech Vehicles, Inc. (NASDAQ: EVTV) is a technology-focused infrastructure company executing a strategic transition toward AI compute, digital asset mining, and energy-backed data center operations, anchored by behind-the-meter natural gas power in South Texas. About AZIO AI AZIO AI is an artificial intelligence infrastructure company focused on the sale and distribution of GPUs and server racks, co-development of AI data center capacity in domestic and international markets, and operation of compute and Bitcoin mining systems. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “may,” “will,” “could,” “expect,” “anticipate,” “believe,” “estimate,” “project,” “intend,” “continue,” “potential,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include statements regarding installation and deployment of modular Bitcoin mining container infrastructure, estimated operating power costs, ability to generate revenue from Bitcoin mining container infrastructure, AZIO AI’s delivery of GPU infrastructure, AZIO AI’s ability to expand its pipeline with additional GPU infrastructure opportunities, EVTV’s ability to advance fiber connectivity to its South Texas site, AZIO AI’s ability to support deployment and operations across compute infrastructure, EVTV’s ability to expand its power capacity at its South Texas site, customer demand for GPU compute infrastructure, the parties’ ability to scale their modular data infrastructure, anticipated filing and effectiveness of the Form S-4, the expected timing of consummation of the proposed merger, the ability of the parties to satisfy the conditions to completion of the proposed merger, including the receipt of required stockholder approval, the expected post-closing listing and trading of the combined company’s shares on the Nasdaq Capital Market, anticipated benefits and synergies of the proposed merger, and the Company’s broader business strategy. These statements are based on current expectations and assumptions that involve risks and uncertainties that could cause actual results to differ materially. Most of these factors are outside the Company’s control and are difficult to predict. Factors that may affect actual results include, but are not limited to, the Company’s limited operating history within AI infrastructure and compute operations, project scope, engineering challenges, supply chain constraints, installation timelines, energy availability, finalization of site usage rights, regulatory considerations, SEC review timing, equipment performance, ability to raise capital required for expansion activities, changes in digital asset markets, evolving compute demand, market conditions, the risk that the closing conditions to the proposed merger are not satisfied or waived, including the failure to obtain required stockholder approval or the failure of the SEC to declare the Form S-4 effective on a timely basis or at all; uncertainties as to the timing of the consummation of the proposed merger; the risk that the proposed merger disrupts the Company’s current plans, operations, or business relationships; the risk of unexpected costs, charges, or expenses resulting from the proposed merger; the risk that the anticipated benefits and synergies of the proposed merger are not realized; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed merger; risks related to the diversion of management’s attention from ongoing business operations during the pendency of the proposed merger; risks related to the Company’s ability to maintain its Nasdaq listing pending the closing of the proposed merger; and additional risks and uncertainties described in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the SEC, which are available at www.sec.gov. The Company undertakes no obligation to update forward-looking statements except as required by law. No Offer or Solicitation This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor a solicitation of any vote or approval with respect to the proposed merger or otherwise. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260602384656/en/ MEDIA CONTACT
Phoenix MGMT & Consulting
Press @Andrew Barling-0122 Original: Envirotech Vehicles, Inc. (NASDAQ: EVTV) Builds out 500 MW Energy-Backed Infrastructure Platform Across 548-Acre Campus to Power Artificial Intelligence and Data Center Growth
Trooperstocks
4週前
$EVTV News: Envirotech Vehicles Provides Milestone Update Following AZIO AI Merger Agreement; Customer Deposits Received Against $118 Million Pipeline, 638-Unit Miner Fleet Deploying at Industry-Low $0.03/kWh Power Cost
Behind-the-Meter Natural Gas Power, Modular Infrastructure, and NVIDIA B200 Deployments Position Combined Platform for Scalable AI and Digital Asset Growth
HOUSTON--(BUSINESS WIRE)--Envirotech Vehicles, Inc. (NASDAQ: EVTV) (“EVTV” or the “Company”) today announced a series of concrete operational milestones across its digital infrastructure platform, including the deployment of approximately 6 megawatts of modular Bitcoin mining infrastructure at its South Texas site and the commencement of initial NVIDIA B200 GPU hardware deliveries by merger partner AZIO AI Corporation (“AZIO AI”) with an additional $118 million infrastructure pipeline where deposits have already been received. This announcement follows the Company’s entry into a definitive merger agreement, dated May 19, 2026, with AZIO AI, pursuant to which, subject to certain closing conditions, the Company will acquire AZIO AI. The Company intends to provide additional details regarding the transaction structure in the Form S-4 registration statement (the “Form S-4”) to be filed in connection with the proposed transaction.
South Texas Deployment Underway
EVTV has ordered approximately 6 megawatts of modular Bitcoin mining container infrastructure, with installation expected to begin within the coming month. The deployment will include approximately 480 M6DS++ miners operating in overclocked configuration and 158 S21 XP immersion miners — 638 high-performance units in total.
Based on current on-site operating data, management estimates power costs of approximately $0.03 per kilowatt-hour via behind-the-meter natural gas generation — among the lowest reported operating power costs in the domestic digital asset mining sector. At current Bitcoin market prices, management believes this fleet has the potential to represent a revenue-generating asset from the moment operations commence.
AZIO AI Pipeline: Deposits Received, Deliveries Commenced
AZIO AI, a distributor of Super Micro Computer systems and EVTV’s merger partner, has commenced initial deliveries and deployment of NVIDIA B200 GPU systems — among the most advanced AI compute hardware currently available commercially.
To date, AZIO AI has received customer deposits for a $118 million purchase order. The full receipt of customer deposits ahead of continued delivery represents a meaningful indicator of customer commitment and pipeline credibility. AZIO AI is also evaluating additional GPU infrastructure opportunities that could further expand the pipeline.
In addition, AZIO AI has delivered eight Super Micro Computer server racks installed with NVIDIA B200 GPUs to a separate customer, further demonstrating the operational momentum of its GPU distribution business and its ability to fulfill against demand for next-generation AI compute hardware.
A Platform Built on Low-Cost Power
EVTV believes its behind-the-meter natural gas power position in South Texas is a structural competitive advantage — one that applies equally to Bitcoin mining, AI compute hosting, and future high-performance data center operations. The Company is advancing fiber connectivity to the South Texas site in parallel, a critical requirement for AI server deployment and high-throughput compute workloads.
As integration planning advances, AZIO AI is expected to support deployment and technical operations across compute infrastructure, while EVTV continues expanding power capacity and connectivity at its South Texas site.
About Envirotech Vehicles, Inc.
Envirotech Vehicles, Inc. (NASDAQ: EVTV) is a technology-focused infrastructure company executing a strategic transition toward AI compute, digital asset mining, and energy-backed data center operations, anchored by behind-the-meter natural gas power in South Texas.
About AZIO AI
AZIO AI is an artificial intelligence infrastructure company focused on the sale and distribution of GPUs and server racks, co-development of AI data center capacity in domestic and international markets, and operation of compute and Bitcoin mining systems.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “may,” “will,” “could,” “expect,” “anticipate,” “believe,” “estimate,” “project,” “intend,” “continue,” “potential,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include statements regarding installation and deployment of modular Bitcoin mining container infrastructure, estimated operating power costs, ability to generate revenue from Bitcoin mining container infrastructure, AZIO AI’s delivery of GPU infrastructure, AZIO AI’s ability to expand its pipeline with additional GPU infrastructure opportunities, EVTV’s ability to advance fiber connectivity to its South Texas site, AZIO AI’s ability to support deployment and operations across compute infrastructure, EVTV’s ability to expand its power capacity at its South Texas site, customer demand for GPU compute infrastructure, the parties’ ability to scale their modular data infrastructure, anticipated filing and effectiveness of the Form S-4, the expected timing of consummation of the proposed merger, the ability of the parties to satisfy the conditions to completion of the proposed merger, including the receipt of required stockholder approval, the expected post-closing listing and trading of the combined company’s shares on the Nasdaq Capital Market, anticipated benefits and synergies of the proposed merger, and the Company’s broader business strategy. These statements are based on current expectations and assumptions that involve risks and uncertainties that could cause actual results to differ materially. Most of these factors are outside the Company’s control and are difficult to predict. Factors that may affect actual results include, but are not limited to, the Company’s limited operating history within AI infrastructure and compute operations, project scope, engineering challenges, supply chain constraints, installation timelines, energy availability, finalization of site usage rights, regulatory considerations, SEC review timing, equipment performance, ability to raise capital required for expansion activities, changes in digital asset markets, evolving compute demand, market conditions, the risk that the closing conditions to the proposed merger are not satisfied or waived, including the failure to obtain required stockholder approval or the failure of the SEC to declare the Form S-4 effective on a timely basis or at all; uncertainties as to the timing of the consummation of the proposed merger; the risk that the proposed merger disrupts the Company’s current plans, operations, or business relationships; the risk of unexpected costs, charges, or expenses resulting from the proposed merger; the risk that the anticipated benefits and synergies of the proposed merger are not realized; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed merger; risks related to the diversion of management’s attention from ongoing business operations during the pendency of the proposed merger; risks related to the Company’s ability to maintain its Nasdaq listing pending the closing of the proposed merger; and additional risks and uncertainties described in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the SEC, which are available at www.sec.gov. The Company undertakes no obligation to update forward-looking statements except as required by law.
No Offer or Solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor a solicitation of any vote or approval with respect to the proposed merger or otherwise. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.
Additional Information and Where to Find It
This communication relates to the proposed merger involving AZIO AI and EVTV and may be deemed to be solicitation material in respect of the proposed merger. In connection with the proposed merger, EVTV will file relevant materials with the SEC, including the Form S-4 that will contain a proxy statement/prospectus. This communication is not a substitute for the Form S-4, the proxy statement/prospectus, or for any other document that EVTV may file with the SEC or send to EVTV’s stockholders in connection with the proposed merger. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF EVTV ARE URGED TO READ THE FORM S-4, THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT EVTV, THE PROPOSED MERGER AND RELATED MATTERS. Investors and security holders will be able to obtain free copies of the Form S-4, the proxy statement/prospectus and other documents filed by EVTV with the SEC through the website maintained by the SEC at www.sec.gov. Copies of the documents filed by EVTV with the SEC will also be available free of charge on EVTV’s website at www.evtvusa.com/company/investor-relations/ or by contacting EVTV’s investor relations department at info@evtvusa.com.
Participants in the Solicitation
EVTV, AZIO AI, and their respective directors and certain of their executive officers may be considered participants in the solicitation of proxies from EVTV’s stockholders with respect to the proposed merger under the rules of the SEC. Information about the directors and executive officers of EVTV is set forth in its Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on April 13, 2026, and in subsequent Quarterly Reports on Form 10-Q and other documents filed from time to time with the SEC. Additional information regarding the persons who may be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will also be included in the Form S-4, the proxy statement/prospectus, and other relevant materials to be filed with the SEC when they become available. You may obtain free copies of these documents as described in the “Additional Information and Where to Find It” section above.
Contacts
MEDIA CONTACT
Phoenix MGMT & Consulting
Press@PhoenixMGMTConsulting.com
888-228-0122
US Market News
4週前
Envirotech Vehicles Provides Milestone Update Following AZIO AI Merger Agreement; Customer Deposits Received Against $118 Million Pipeline, 638-Unit Miner Fleet Deploying at Industry-Low $0.03/kWh Power CostMay 26, 2026 8:10 AM
Business Wire Behind-the-Meter Natural Gas Power, Modular Infrastructure, and NVIDIA B200 Deployments Position Combined Platform for Scalable AI and Digital Asset Growth Envirotech Vehicles, Inc. (NASDAQ: EVTV) (“EVTV” or the “Company”) today announced a series of concrete operational milestones across its digital infrastructure platform, including the deployment of approximately 6 megawatts of modular Bitcoin mining infrastructure at its South Texas site and the commencement of initial NVIDIA B200 GPU hardware deliveries by merger partner AZIO AI Corporation (“AZIO AI”) with an additional $118 million infrastructure pipeline where deposits have already been received. This announcement follows the Company’s entry into a definitive merger agreement, dated May 19, 2026, with AZIO AI, pursuant to which, subject to certain closing conditions, the Company will acquire AZIO AI. The Company intends to provide additional details regarding the transaction structure in the Form S-4 registration statement (the “Form S-4”) to be filed in connection with the proposed transaction. South Texas Deployment Underway EVTV has ordered approximately 6 megawatts of modular Bitcoin mining container infrastructure, with installation expected to begin within the coming month. The deployment will include approximately 480 M6DS++ miners operating in overclocked configuration and 158 S21 XP immersion miners — 638 high-performance units in total. Based on current on-site operating data, management estimates power costs of approximately $0.03 per kilowatt-hour via behind-the-meter natural gas generation — among the lowest reported operating power costs in the domestic digital asset mining sector. At current Bitcoin market prices, management believes this fleet has the potential to represent a revenue-generating asset from the moment operations commence. AZIO AI Pipeline: Deposits Received, Deliveries Commenced AZIO AI, a distributor of Super Micro Computer systems and EVTV’s merger partner, has commenced initial deliveries and deployment of NVIDIA B200 GPU systems — among the most advanced AI compute hardware currently available commercially. To date, AZIO AI has received customer deposits for a $118 million purchase order. The full receipt of customer deposits ahead of continued delivery represents a meaningful indicator of customer commitment and pipeline credibility. AZIO AI is also evaluating additional GPU infrastructure opportunities that could further expand the pipeline. In addition, AZIO AI has delivered eight Super Micro Computer server racks installed with NVIDIA B200 GPUs to a separate customer, further demonstrating the operational momentum of its GPU distribution business and its ability to fulfill against demand for next-generation AI compute hardware. A Platform Built on Low-Cost Power EVTV believes its behind-the-meter natural gas power position in South Texas is a structural competitive advantage — one that applies equally to Bitcoin mining, AI compute hosting, and future high-performance data center operations. The Company is advancing fiber connectivity to the South Texas site in parallel, a critical requirement for AI server deployment and high-throughput compute workloads. As integration planning advances, AZIO AI is expected to support deployment and technical operations across compute infrastructure, while EVTV continues expanding power capacity and connectivity at its South Texas site. About Envirotech Vehicles, Inc. Envirotech Vehicles, Inc. (NASDAQ: EVTV) is a technology-focused infrastructure company executing a strategic transition toward AI compute, digital asset mining, and energy-backed data center operations, anchored by behind-the-meter natural gas power in South Texas. About AZIO AI AZIO AI is an artificial intelligence infrastructure company focused on the sale and distribution of GPUs and server racks, co-development of AI data center capacity in domestic and international markets, and operation of compute and Bitcoin mining systems. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “may,” “will,” “could,” “expect,” “anticipate,” “believe,” “estimate,” “project,” “intend,” “continue,” “potential,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include statements regarding installation and deployment of modular Bitcoin mining container infrastructure, estimated operating power costs, ability to generate revenue from Bitcoin mining container infrastructure, AZIO AI’s delivery of GPU infrastructure, AZIO AI’s ability to expand its pipeline with additional GPU infrastructure opportunities, EVTV’s ability to advance fiber connectivity to its South Texas site, AZIO AI’s ability to support deployment and operations across compute infrastructure, EVTV’s ability to expand its power capacity at its South Texas site, customer demand for GPU compute infrastructure, the parties’ ability to scale their modular data infrastructure, anticipated filing and effectiveness of the Form S-4, the expected timing of consummation of the proposed merger, the ability of the parties to satisfy the conditions to completion of the proposed merger, including the receipt of required stockholder approval, the expected post-closing listing and trading of the combined company’s shares on the Nasdaq Capital Market, anticipated benefits and synergies of the proposed merger, and the Company’s broader business strategy. These statements are based on current expectations and assumptions that involve risks and uncertainties that could cause actual results to differ materially. Most of these factors are outside the Company’s control and are difficult to predict. Factors that may affect actual results include, but are not limited to, the Company’s limited operating history within AI infrastructure and compute operations, project scope, engineering challenges, supply chain constraints, installation timelines, energy availability, finalization of site usage rights, regulatory considerations, SEC review timing, equipment performance, ability to raise capital required for expansion activities, changes in digital asset markets, evolving compute demand, market conditions, the risk that the closing conditions to the proposed merger are not satisfied or waived, including the failure to obtain required stockholder approval or the failure of the SEC to declare the Form S-4 effective on a timely basis or at all; uncertainties as to the timing of the consummation of the proposed merger; the risk that the proposed merger disrupts the Company’s current plans, operations, or business relationships; the risk of unexpected costs, charges, or expenses resulting from the proposed merger; the risk that the anticipated benefits and synergies of the proposed merger are not realized; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed merger; risks related to the diversion of management’s attention from ongoing business operations during the pendency of the proposed merger; risks related to the Company’s ability to maintain its Nasdaq listing pending the closing of the proposed merger; and additional risks and uncertainties described in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the SEC, which are available at www.sec.gov. The Company undertakes no obligation to update forward-looking statements except as required by law. No Offer or Solicitation This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor a solicitation of any vote or approval with respect to the proposed merger or otherwise. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law. Additional Information and Where to Find It This communication relates to the proposed merger involving AZIO AI and EVTV and may be deemed to be solicitation material in respect of the proposed merger. In connection with the proposed merger, EVTV will file relevant materials with the SEC, including the Form S-4 that will contain a proxy statement/prospectus. This communication is not a substitute for the Form S-4, the proxy statement/prospectus, or for any other document that EVTV may file with the SEC or send to EVTV’s stockholders in connection with the proposed merger. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF EVTV ARE URGED TO READ THE FORM S-4, THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT EVTV, THE PROPOSED MERGER AND RELATED MATTERS. Investors and security holders will be able to obtain free copies of the Form S-4, the proxy statement/prospectus and other documents filed by EVTV with the SEC through the website maintained by the SEC at www.sec.gov. Copies of the documents filed by EVTV with the SEC will also be available free of charge on EVTV’s website at www.evtvusa.com/company/investor-relations/ or by contacting EVTV’s investor relations department at info@evtvusa.com. Participants in the Solicitation EVTV, AZIO AI, and their respective directors and certain of their executive officers may be considered participants in the solicitation of proxies from EVTV’s stockholders with respect to the proposed merger under the rules of the SEC. Information about the directors and executive officers of EVTV is set forth in its Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on April 13, 2026, and in subsequent Quarterly Reports on Form 10-Q and other documents filed from time to time with the SEC. Additional information regarding the persons who may be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will also be included in the Form S-4, the proxy statement/prospectus, and other relevant materials to be filed with the SEC when they become available. You may obtain free copies of these documents as described in the “Additional Information and Where to Find It” section above. View source version on businesswire.com: https://www.businesswire.com/news/home/20260526764447/en/ MEDIA CONTACT
Phoenix MGMT & Consulting
Press @Andrew Barling-0122 Original: Envirotech Vehicles Provides Milestone Update Following AZIO AI Merger Agreement; Customer Deposits Received Against $118 Million Pipeline, 638-Unit Miner Fleet Deploying at Industry-Low $0.03/kWh Power Cost
US Market News
1月前
Envirotech Vehicles, Inc. (NASDAQ: EVTV) Executes Definitive Merger Agreement with AZIO AI to Create Scalable AI Infrastructure, Compute, and Energy-Backed Data Center PlatformMay 20, 2026 8:46 AM
Business Wire EVTV to issue 100 Million Shares; Will Transform the Company into a U.S.-Focused AI Infrastructure and Compute Platform Envirotech Vehicles, Inc. (NASDAQ: EVTV) (“EVTV” or the “Company”) today announced that it has entered into a definitive merger agreement with AZIO AI Corporation (“AZIO AI”) as part of the Company’s strategic transformation into an artificial intelligence infrastructure and compute platform focused on domestic AI deployment, data center operations, and long-term compute capacity expansion. The transaction represents a significant strategic transformation for EVTV as the Company positions itself within one of the fastest-growing segments of the global technology market, including artificial intelligence infrastructure, compute deployment, domestic data center expansion, and power-supported AI operations. Since the Company’s original announcement of the signing of a letter of intent with AZIO AI, AZIO AI and AZIO Corp’s AI infrastructure division have continued demonstrating operational advancement across multiple deployment and commercial development activities, including the receipt of deposits associated with an initial infrastructure order valued at approximately $118 million and the successful delivery of the first eight server racks under that program. In parallel, AZIO AI has continued advancing its infrastructure pipeline through execution of a memorandum of understanding relating to next-generation B200-based AI infrastructure opportunities, reflecting ongoing engagement with prospective high-performance compute customers and continued expansion of AZIO AI’s broader AI infrastructure strategy. Management believes these developments, alongside continued infrastructure deployment activities and expanding commercial discussions, will provide increasing visibility into potential future revenue opportunities and reinforce confidence in the combined platform’s long-term AI infrastructure and compute expansion strategy. Operational and Site Update Approximately 11 MW of power capacity has been ascertained at the Company’s existing site, with hardware orders already placed for an initial 6 MW of deployment. Installation and energization activities are expected to follow as deployment operations continue. Beyond the secured 11 MW, the Company is currently engaged in discussions relating to long-term ownership and usage rights associated with up to approximately 500 MW of additional available capacity at the same site. Initial hardware deliveries have commenced under the previously disclosed infrastructure program, including the successful delivery of the first eight server racks associated with the customer deployment schedule. Management believes the Company’s access to available power capacity positions the combined platform favorably at a time when many AI infrastructure operators continue facing power availability constraints across the domestic compute market. Revenue Model Following completion of the transaction, the combined company expects to operate across multiple revenue channels, including: Sale and distribution of GPUs and server racks to AI infrastructure customers; Co-development and partial ownership of AI data center infrastructure, with initial focus on Texas and select international markets; Company-owned and operated bitcoin mining operations conducted domestically on owned infrastructure; and Hosting and compute leasing arrangements with prospective compute offtakers as AI infrastructure sites become operational. Discussions with prospective compute customers and infrastructure counterparties remain ongoing as deployment activities continue advancing. Valuation and Transaction Structure EVTV engaged an independent financial advisor to issue a fairness opinion relating to the consideration to be issued by EVTV to AZIO AI’s stockholders in the merger transaction. Based on that review, EVTV’s Board of Directors received a fairness opinion that the consideration being issued by EVTV was fair to EVTV and its stockholders. Leadership Following completion of the transaction: Chris Young is expected to serve as Chief Executive Officer of the combined company; Elgin Tracy is expected to continue overseeing infrastructure deployment strategy, operational scaling activities, and growth execution initiatives; and Jason Maddox is expected to continue supporting executive operations and infrastructure expansion activities. The Company estimates that, after giving effect to the issuance of 100 million shares of EVTV common stock contemplated as merger consideration, existing EVTV stockholders would be expected to hold approximately 11% of the combined company and former AZIO AI stockholders would be expected to hold approximately 89% of the combined company on a basic basis immediately following the closing, subject to adjustment in accordance with the terms of the definitive merger agreement. Near-Term Milestones Following execution of the definitive agreement, the combined company’s near-term operational priorities include: Preparation and filing with the U.S. Securities and Exchange Commission (the “SEC”) of a Registration Statement on Form S-4 (the “Form S-4”); Deployment activities targeting utilization of the approximately 11 MW of secured power capacity at the existing site; and Pursuit of additional capacity expansion opportunities of up to approximately 100 MW of combined AI compute and bitcoin mining infrastructure at the existing site, subject to availability of capital and finalization of long-term site usage agreements. Management Commentary “Over the last six months, both organizations continued advancing infrastructure deployment activities, customer onboarding efforts, and transaction execution initiatives,” said Elgin Tracy, COO of EVTV. “Execution of the definitive merger agreement represents a major strategic milestone towards creating a combined company poised to advance domestic AI infrastructure deployment and long-term compute expansion initiatives.” Closing Conditions The transaction has received approval by the boards of directors of both companies and by the stockholders of AZIO AI and is expected to close in the second half of 2026, subject to certain closing conditions, including, among others, approval by the stockholders of EVTV, the effectiveness of the Form S-4 to register the securities to be issued in connection with the proposed merger and the satisfaction of other customary closing conditions. About Envirotech Vehicles, Inc. Envirotech Vehicles, Inc. (NASDAQ: EVTV) is a technology-focused company pursuing strategic initiatives designed to enhance long-term shareholder value through platform transformation, operational realignment, and selective acquisitions. About AZIO AI AZIO AI is an artificial intelligence infrastructure company focused on the sale and distribution of GPUs and server racks, co-development of AI data center capacity in domestic and international markets, and operation of compute and bitcoin mining systems. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as "may," "will," "could," "expect," "anticipate," "believe," "estimate," "project," "intend," "continue," "potential," "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include statements regarding deployment of the approximately 11 MW of secured power capacity at the Company’s existing site; completion of hardware orders for an initial 6 MW of deployment; the Company’s ability to finalize long-term ownership and usage rights associated with additional same-site capacity; anticipated expansion opportunities involving up to approximately 500 MW of combined AI compute and bitcoin mining infrastructure; expected revenue opportunities associated with GPU and server rack sales, AI infrastructure deployment, bitcoin mining operations, hosting arrangements, and compute leasing activities; potential conversion of the memorandum of understanding relating to GB200-based AI infrastructure opportunities into future commercial relationships; anticipated filing and effectiveness of the Form S-4; the expected timing of consummation of the proposed merger; the ability of the parties to satisfy the conditions to completion of the proposed merger, including the receipt of required stockholder approval; the expected post-closing listing and trading of the combined company's shares on the Nasdaq Capital Market; anticipated benefits and synergies of the proposed merger; and the Company’s broader business strategy. These statements are based on current expectations and assumptions that involve risks and uncertainties that could cause actual results to differ materially. Most of these factors are outside the Company's control and are difficult to predict. Factors that may affect actual results include, but are not limited to, the Company’s limited operating history within AI infrastructure and compute operations, project scope, engineering challenges, supply chain constraints, installation timelines, energy availability, finalization of site usage rights, regulatory considerations, SEC review timing, equipment performance, ability to raise capital required for expansion activities, changes in digital asset markets, evolving compute demand, market conditions, the risk that the closing conditions to the proposed merger are not satisfied or waived, including the failure to obtain required stockholder approval or the failure of the SEC to declare the Form S-4 effective on a timely basis or at all; uncertainties as to the timing of the consummation of the proposed merger; the risk that the proposed merger disrupts the Company's current plans, operations, or business relationships; the risk of unexpected costs, charges, or expenses resulting from the proposed merger; the risk that the anticipated benefits and synergies of the proposed merger are not realized; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed merger; risks related to the diversion of management's attention from ongoing business operations during the pendency of the proposed merger; risks related to the Company's ability to maintain its Nasdaq listing pending the closing of the proposed merger; and additional risks and uncertainties described in the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the SEC, which are available at www.sec.gov. The Company undertakes no obligation to update forward-looking statements except as required by law. No Offer or Solicitation This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor a solicitation of any vote or approval with respect to the proposed merger or otherwise. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law. Additional Information and Where to Find It This communication relates to the proposed merger involving AZIO AI and EVTV and may be deemed to be solicitation material in respect of the proposed merger. In connection with the proposed merger, EVTV will file relevant materials with the SEC, including the Form S-4 that will contain a proxy statement/prospectus. This communication is not a substitute for the Form S-4, the proxy statement/prospectus, or for any other document that EVTV may file with the SEC or send to EVTV's stockholders in connection with the proposed merger. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF EVTV ARE URGED TO READ THE FORM S-4, THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT EVTV, THE PROPOSED MERGER AND RELATED MATTERS. Investors and security holders will be able to obtain free copies of the Form S-4, the proxy statement/prospectus and other documents filed by EVTV with the SEC through the website maintained by the SEC at www.sec.gov. Copies of the documents filed by EVTV with the SEC will also be available free of charge on EVTV's website at www.evtvusa.com/company/investor-relations/ or by contacting EVTV's investor relations department at info@evtvusa.com. Participants in the Solicitation EVTV, AZIO AI, and their respective directors and certain of their executive officers may be considered participants in the solicitation of proxies from EVTV's stockholders with respect to the proposed merger under the rules of the SEC. Information about the directors and executive officers of EVTV is set forth in its Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on April 13, 2026, and in subsequent Quarterly Reports on Form 10-Q and other documents filed from time to time with the SEC. Additional information regarding the persons who may be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will also be included in the Form S-4, the proxy statement/prospectus, and other relevant materials to be filed with the SEC when they become available. You may obtain free copies of these documents as described in the "Additional Information and Where to Find It" section above. View source version on businesswire.com: https://www.businesswire.com/news/home/20260520979774/en/ Media Contact Phoenix MGMT & Consulting
Press @Andrew Barling-0122 Original: Envirotech Vehicles, Inc. (NASDAQ: EVTV) Executes Definitive Merger Agreement with AZIO AI to Create Scalable AI Infrastructure, Compute, and Energy-Backed Data Center Platform
US Market News
1月前
AZIO AI Executes Definitive Merger Agreement with Envirotech Vehicles, Inc. (NASDAQ: EVTV) at $750 Million Valuation Supported by Independent Third-Party Fairness OpinionMay 20, 2026 8:00 AM
PR Newswire (US) Transaction Structured at 100 Million EVTV Shares Reflects Significant Growth Since Original $480 Million LOI, Following Six Months of Operational Collaboration, Customer Deposits, and Initial Hardware DeliveriesNEWPORT BEACH, Calif., May 20, 2026 /PRNewswire/ -- AZIO AI Corp. ("AZIO AI" or the "Company"), a developer of next-generation artificial intelligence infrastructure and power-integrated data center solutions, today announced the execution of a definitive merger agreement with EVTV as part of EVTV's strategic transformation into an artificial intelligence infrastructure and compute platform focused on domestic AI deployment, data center operations, and long-term compute capacity expansion. The execution of the definitive merger agreement follows approximately six months of operational collaboration, infrastructure deployment activities, technical integration efforts, and transaction development work between the parties, during which both organizations continued advancing AI infrastructure operations designed to support growing domestic demand for compute capacity and power availability across the United States.The transaction represents a significant strategic transformation for EVTV as the Company positions itself within one of the fastest-growing segments of the global technology market, including artificial intelligence infrastructure, compute deployment, domestic data center expansion, and power-supported AI operations.The definitive merger agreement follows the parties' previously announced Letter of Intent ("LOI"), originally structured at a $480 million valuation. Since execution of the original LOI framework, EVTV and AZIO AI have continued operating collaboratively while advancing deployment operations, infrastructure planning, customer engagement activities, and long-term AI compute expansion efforts.Since the original $480 million valuation established under the parties' previously announced LOI, AZIO AI and AZIO Corp's AI infrastructure division have continued demonstrating operational advancement across multiple deployment and commercial development activities, including the receipt of deposits associated with an initial infrastructure order valued at approximately $118 million and the successful delivery of the first eight server racks under that program.In parallel, AZIO AI has continued advancing its infrastructure pipeline through execution of a memorandum of understanding relating to next-generation B200-based AI infrastructure opportunities, reflecting ongoing engagement with prospective high-performance compute customers and continued expansion of the Company's broader AI infrastructure strategy.Management believes these developments, alongside continued infrastructure deployment activities and expanding commercial discussions, provide increasing visibility into potential future revenue opportunities and reinforce confidence in the combined platform's long-term AI infrastructure and compute expansion strategy.Operational and Site UpdateApproximately 11 MW of power capacity has been ascertained at EVTV's existing site, with hardware orders already placed for an initial 6 MW of deployment. Installation and energization activities are expected to follow as deployment operations continue.Beyond the secured 11 MW, EVTV is currently engaged in discussions relating to long-term ownership and usage rights associated with up to approximately 500 MW of additional available capacity at the same site.The Company has commenced initial hardware deliveries under the previously disclosed infrastructure program, including the successful delivery of the first eight server racks associated with the customer deployment schedule.Management believes EVTV's access to available power capacity positions the combined platform favorably at a time when many AI infrastructure operators continue facing power availability constraints across the domestic compute market.Revenue ModelFollowing completion of the transaction, the combined company expects to operate across multiple revenue channels, including:Sale and distribution of GPUs and server racks to AI infrastructure customers;Co-development and partial ownership of AI data center infrastructure, with initial focus on Texas and select international markets;Company-owned and operated bitcoin mining operations conducted domestically on owned infrastructure; andHosting and compute leasing arrangements with prospective compute offtakers as AI infrastructure sites become operational.Management stated that discussions with prospective compute customers and infrastructure counterparties remain ongoing as deployment activities continue advancing.Valuation and Transaction StructureEVTV engaged an independent third-party valuation and advisory firm to conduct a fairness analysis relating to the merger transaction. Based on that review, EVTV received an independent third-party fairness opinion supporting a $750 million valuation for AZIO AI and the related strategic infrastructure assets contemplated under the transaction structure, representing significant growth from the original $480 million valuation established under the LOI approximately six months earlier.Management believes the valuation increase reflects operational developments achieved during the post-LOI period, including:Receipt of approximately $118 million in customer deposits associated with the initial infrastructure order;Commencement of hardware deliveries under that program, including delivery of the first eight server racks;Execution of a memorandum of understanding relating to GB200-based AI infrastructure opportunities; andConfirmation of available power capacity at the Company's existing site, including approximately 11 MW currently ascertained and additional same-site expansion capacity under ongoing negotiation.The definitive transaction structure contemplates consideration consisting of 100 million shares of EVTV common stock and has been approved by the boards of directors of both EVTV and AZIO AI.LeadershipFollowing completion of the transaction:Chris Young is expected to serve as Chief Executive Officer and Chairman of the combined company;Elgin Tracy is expected to continue overseeing infrastructure deployment strategy, operational scaling activities, and growth execution initiatives; andJason Maddox is expected to continue supporting executive operations and infrastructure expansion activities.Near-Term MilestonesFollowing execution of the definitive agreement, the combined company's near-term operational priorities include:Preparation and filing of a Form S-4 registration statement with the U.S. Securities and Exchange Commission;Deployment activities targeting utilization of the approximately 11 MW of secured power capacity at the existing site; andPursuit of additional capacity expansion opportunities of up to approximately 100 MW of combined AI compute and bitcoin mining infrastructure at the existing site, subject to availability of capital and finalization of long-term site usage agreements.Management Commentary"Over the last six months, both organizations continued advancing infrastructure deployment activities, customer onboarding efforts, and transaction execution initiatives," said Elgin Tracy, COO of EVTV. "Execution of the definitive merger agreement, supported by an independent third-party fairness opinion, represents a major strategic milestone for the combined company as we continue advancing domestic AI infrastructure deployment and long-term compute expansion initiatives."Closing ConditionsThe Company anticipates filing a registration statement on Form S-4 with the U.S. Securities and Exchange Commission relating to the transaction. Completion of the transaction remains subject primarily to SEC review and effectiveness of the Form S-4 registration statement and shareholder approval.About Envirotech Vehicles, Inc.Envirotech Vehicles, Inc. (NASDAQ: EVTV) is a technology-focused company pursuing strategic initiatives designed to enhance long-term shareholder value through platform transformation, operational realignment, and selective acquisitions.About AZIO AIAZIO AI is an artificial intelligence infrastructure company focused on the sale and distribution of GPUs and server racks, co-development of AI data center capacity in domestic and international markets, and operation of compute and bitcoin mining systems.Forward-Looking StatementsThis press release contains statements that do not relate to historical facts but are "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can generally (although not always) be identified by their use of terms and phrases such as anticipate, appear, believe, continue, could, estimate, expect, indicate, intend, may, plan, possible, predict, project, pursue, will, would and other similar terms and phrases, as well as the use of the future tense. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements in this press release speak only as of the date hereof. Unless otherwise required by law, we undertake no obligation to publicly update or revise these forward-looking statements, whether because of new information, future events or otherwise.Media ContactPhoenix MGMT & Consulting
Press @Andrew Barling-0122 View original content to download multimedia:https://www.prnewswire.com/news-releases/azio-ai-executes-definitive-merger-agreement-with-envirotech-vehicles-inc-nasdaq-evtv-at-750-million-valuation-supported-by-independent-third-party-fairness-opinion-302777499.htmlSOURCE Azio AI Corporation Original: AZIO AI Executes Definitive Merger Agreement with Envirotech Vehicles, Inc. (NASDAQ: EVTV) at $750 Million Valuation Supported by Independent Third-Party Fairness Opinion
Trooperstocks
1月前
$EVTV +3.14% on News as AZIO AI Secures Multi-Megawatt Infrastructure Order to Advance Modular AI Data Center Expansion in South Texas
PR Newswire
Wed, May 13, 2026 at 7:00 AM EDT 4 min read
EVTV
+3.14%
Order from Envirotech Vehicles, Inc. (NASDAQ: EVTV) Supports an additional ~6 MW Deployment, utilizing sovereign power and Accelerating a Scalable AI Infrastructure Rollout
NEWPORT BEACH, Calif., May 13, 2026 /PRNewswire/ -- AZIO AI Corp. ("AZIO AI" or the "Company"), a developer of next-generation artificial intelligence infrastructure and power-integrated data center solutions, today announced that it has secured a customer order from Envirotech Vehicles, Inc. (NASDAQ: EVTV) to support the expansion of modular AI data center infrastructure at its South Texas deployment site.
Azio AI (PRNewsfoto/Azio AI Corporation)
Azio AI (PRNewsfoto/Azio AI Corporation)
The order is expected to support the buildout of approximately 5 megawatts (MW) of modular, high-density compute infrastructure, representing a significant step in the staged development and utilization of the site's available power capacity. The deployment aligns with AZIO AI's broader strategy to scale compute infrastructure through modular, rapidly deployable systems integrated directly with dedicated energy sources.
Deployment remains subject to customary conditions, including manufacturing, delivery, site readiness, and commissioning.
Strategic Expansion of Power-Integrated AI Infrastructure
This order reflects continued progress in the operational buildout of AZIO AI's modular infrastructure platform and reinforces the Company's positioning within the rapidly evolving AI compute sector, where access to scalable, cost-efficient power has become a defining competitive factor.
The South Texas site is designed to support incremental expansion as additional compute capacity is deployed against an established on-site energy foundation, enabling phased scaling aligned with demand and operational readiness.
Execution Milestone with Strategic Counterparty
The order from Envirotech Vehicles, Inc. represents an important milestone in the ongoing collaboration between the companies and supports the continued development of a scalable AI infrastructure platform under real-world operating conditions.
AZIO AI and Envirotech Vehicles, Inc. have previously disclosed a strategic framework under evaluation. Any broader transaction remains subject to the negotiation and execution of definitive agreements, regulatory considerations, and customary conditions, and there can be no assurance that any such transaction will be completed.
Behind-the-Meter Power Strategy Enables Scalable Deployment
A core differentiator of the South Texas deployment is its reliance on behind-the-meter natural gas power generation. This model allows AZIO AI to deploy compute infrastructure independent of traditional grid constraints while maintaining alignment between energy supply and compute demand.
Key advantages of this approach include:
Lower and more predictable energy costs
Continuous 24/7 power availability
Accelerated deployment timelines without grid interconnection delays
Scalable infrastructure aligned directly with available power capacity
Positioned for Scalable Revenue Opportunity
Multi-megawatt infrastructure deployments represent potential revenue opportunities for AZIO AI as the Company advances the execution of its modular platform strategy. The realization and timing of any such opportunities remain dependent on deployment completion, operational performance, and broader market conditions.
Management Commentary
"Since the signing of our LOI, we have been excited to further understand and validate the meaningful synergies between our organizations, particularly at the intersection of energy infrastructure and AI compute deployment," said Chris Young, Chief Executive Officer of AZIO AI. "Over the past several months, we have conducted infrastructure testing utilizing behind-the-meter natural gas power, which has demonstrated promising efficiency characteristics. As we deepen our collaboration, we believe these efforts are helping to inform potential next steps in our strategic relationship, subject to customary considerations."
About AZIO AI
AZIO AI is a next-generation artificial intelligence infrastructure company focused on scalable, power-efficient data center solutions and mission-critical compute deployment. The Company is developing modular infrastructure platforms designed to support high-density AI workloads in energy-constrained environments.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Forward-looking statements include, but are not limited to, statements regarding deployment timing, infrastructure capacity, potential revenue opportunities, strategic relationships, and the potential completion of any broader transaction between AZIO AI and Envirotech Vehicles, Inc. Words such as "may," "will," "should," "expect," "anticipate," "intend," "plan," "believe," "estimate," "potential," "continue," and similar expressions are intended to identify forward-looking statements. AZIO AI undertakes no obligation to update these statements except as required by law.
Media Contact
Phoenix MGMT & Consulting
Press@PhoenixMGMTConsulting.com
888-228-0122
Cision
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View original content to download multimedia:https://www.prnewswire.com/news-releases/azio-ai-secures-multi-megawatt-infrastructure-order-to-advance-modular-ai-data-center-expansion-in-south-texas-302770320.html
US Market News
1月前
AZIO AI Secures Multi-Megawatt Infrastructure Order to Advance Modular AI Data Center Expansion in South TexasMay 13, 2026 7:00 AM
PR Newswire (US) Order from Envirotech Vehicles, Inc. (NASDAQ: EVTV) Supports an additional ~6 MW Deployment, utilizing sovereign power and Accelerating a Scalable AI Infrastructure RolloutNEWPORT BEACH, Calif., May 13, 2026 /PRNewswire/ -- AZIO AI Corp. ("AZIO AI" or the "Company"), a developer of next-generation artificial intelligence infrastructure and power-integrated data center solutions, today announced that it has secured a customer order from Envirotech Vehicles, Inc. (NASDAQ: EVTV) to support the expansion of modular AI data center infrastructure at its South Texas deployment site. The order is expected to support the buildout of approximately 5 megawatts (MW) of modular, high-density compute infrastructure, representing a significant step in the staged development and utilization of the site's available power capacity. The deployment aligns with AZIO AI's broader strategy to scale compute infrastructure through modular, rapidly deployable systems integrated directly with dedicated energy sources.Deployment remains subject to customary conditions, including manufacturing, delivery, site readiness, and commissioning.Strategic Expansion of Power-Integrated AI InfrastructureThis order reflects continued progress in the operational buildout of AZIO AI's modular infrastructure platform and reinforces the Company's positioning within the rapidly evolving AI compute sector, where access to scalable, cost-efficient power has become a defining competitive factor.The South Texas site is designed to support incremental expansion as additional compute capacity is deployed against an established on-site energy foundation, enabling phased scaling aligned with demand and operational readiness.Execution Milestone with Strategic CounterpartyThe order from Envirotech Vehicles, Inc. represents an important milestone in the ongoing collaboration between the companies and supports the continued development of a scalable AI infrastructure platform under real-world operating conditions.AZIO AI and Envirotech Vehicles, Inc. have previously disclosed a strategic framework under evaluation. Any broader transaction remains subject to the negotiation and execution of definitive agreements, regulatory considerations, and customary conditions, and there can be no assurance that any such transaction will be completed.Behind-the-Meter Power Strategy Enables Scalable DeploymentA core differentiator of the South Texas deployment is its reliance on behind-the-meter natural gas power generation. This model allows AZIO AI to deploy compute infrastructure independent of traditional grid constraints while maintaining alignment between energy supply and compute demand.Key advantages of this approach include:Lower and more predictable energy costsContinuous 24/7 power availabilityAccelerated deployment timelines without grid interconnection delaysScalable infrastructure aligned directly with available power capacityPositioned for Scalable Revenue OpportunityMulti-megawatt infrastructure deployments represent potential revenue opportunities for AZIO AI as the Company advances the execution of its modular platform strategy. The realization and timing of any such opportunities remain dependent on deployment completion, operational performance, and broader market conditions.Management Commentary"Since the signing of our LOI, we have been excited to further understand and validate the meaningful synergies between our organizations, particularly at the intersection of energy infrastructure and AI compute deployment," said Chris Young, Chief Executive Officer of AZIO AI. "Over the past several months, we have conducted infrastructure testing utilizing behind-the-meter natural gas power, which has demonstrated promising efficiency characteristics. As we deepen our collaboration, we believe these efforts are helping to inform potential next steps in our strategic relationship, subject to customary considerations."About AZIO AIAZIO AI is a next-generation artificial intelligence infrastructure company focused on scalable, power-efficient data center solutions and mission-critical compute deployment. The Company is developing modular infrastructure platforms designed to support high-density AI workloads in energy-constrained environments.Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Forward-looking statements include, but are not limited to, statements regarding deployment timing, infrastructure capacity, potential revenue opportunities, strategic relationships, and the potential completion of any broader transaction between AZIO AI and Envirotech Vehicles, Inc. Words such as "may," "will," "should," "expect," "anticipate," "intend," "plan," "believe," "estimate," "potential," "continue," and similar expressions are intended to identify forward-looking statements. AZIO AI undertakes no obligation to update these statements except as required by law.Media ContactPhoenix MGMT & Consulting
Press @Andrew Barling-0122 View original content to download multimedia:https://www.prnewswire.com/news-releases/azio-ai-secures-multi-megawatt-infrastructure-order-to-advance-modular-ai-data-center-expansion-in-south-texas-302770320.htmlSOURCE Azio AI Corporation Original: AZIO AI Secures Multi-Megawatt Infrastructure Order to Advance Modular AI Data Center Expansion in South Texas
Trooperstocks
2月前
$EVTV News: Envirotech Vehicles, Inc. (NASDAQ:EVTV) Launches Revenue-Generating Compute Platform as Company Executes Strategic Transition from EV Manufacturing to AI Infrastructure
Published
Apr 15, 2026 6:30am EDT
HOUSTON, TX / ACCESS Newswire / April 15, 2026 / Envirotech Vehicles, Inc. ("EVTV" or the "Company") today announced the successful activation of its first revenue-generating digital infrastructure site, marking a key milestone in the Company's strategic transition from electric vehicle manufacturing to a diversified, power-backed hardware technology company with a focus on energy-backed compute infrastructure and artificial intelligence ("AI") data center operations.
This milestone reflects a broader initiative that has been under development over multiple quarters, as EVTV repositions its business toward scalable, infrastructure-driven revenue models aligned with accelerating global demand for compute capacity.
This transition is not a departure, but a deliberate evolution of EVTV's long-term strategy. Over the past several quarters, the Company has been actively laying the groundwork for this shift, including infrastructure planning, energy sourcing, vendor engagement, and deployment strategy. The activation of its first revenue-generating site represents the execution phase of these efforts.Strategic Transition: Planned Reallocation Toward Higher-Margin InfrastructureAs part of its long-term strategic roadmap, EVTV is reallocating capital and operational focus away from capital-intensive electric vehicle manufacturing and toward energy-backed digital infrastructure and AI-driven compute platforms. This transition reflects a disciplined and forward-looking capital allocation strategy, designed to position the Company in sectors with higher margin potential, faster revenue realization, scalable deployment opportunities, and strong global demand. The Company believes the convergence of energy availability and compute demand presents a significant opportunity. By leveraging its access to natural gas resources, infrastructure capabilities, and strategic partnerships, EVTV is building a platform designed to support both cryptocurrency-based compute and AI-driven workloads at scale.
This strategy enables EVTV to generate immediate revenue through cryptocurrency mining, capture operational data, and transition into higher-value AI and data center revenue streams while maintaining a hybrid model. Management expects this evolution to improve capital efficiency, reduce exposure to manufacturing volatility, and establish recurring, infrastructure-based revenue streams that enhance long-term shareholder value.
Revenue Generation & Monetization FrameworkEVTV has commenced initial revenue generation from its first 1 MW deployment through cryptocurrency-based compute operations. This phase generates immediate cash flow for the Company while testing operational data and system optimization. All computing equipment is owned and operated by EVTV. Current operations are expected to generate approximately $50,000 to $100,000 per month depending on market conditions, system performance, and optimization factors. EVTV will continue cryptocurrency mining as a core component of its model, providing consistent revenue and supporting infrastructure optimization.
Phase Two - AI Infrastructure & Data CentersAs the second phase of the activation of EVTV's energy-based compute infrastructure site, EVTV will pursue enterprise and AI clients while continuing cryptocurrency mining alongside AI workloads. This hybrid model is designed to maximize infrastructure utilization and revenue generation. Projected revenue for this second phase is expected to begin in the range of $100,000 to $200,000 per month per megawatt. EVTV estimates beginning second phase activation in sixty to ninety days. Leadership CommentaryJason Maddox, President and Interim Chief Financial Officer of EVTV, stated:
"This transition represents a strategic evolution that we have been developing for an extended period of time. Our ability to bring our first megawatt online and immediately generate cryptocurrency-based revenue validates both our infrastructure model and execution capability.
We view cryptocurrency mining as a foundational component of our platform-providing immediate cash flow, real-time data, and system optimization-while we scale into higher-performance computing and AI-driven data center operations.
As we enter Phase Two, we will continue to operate our cryptocurrency infrastructure alongside AI workloads, creating a hybrid model that maximizes efficiency, utilization, and revenue generation across all deployed assets. Our focus is on building a scalable, energy-backed compute platform that positions EVTV at the intersection of energy, infrastructure, and artificial intelligence."
About Envirotech Vehicles, Inc.Envirotech Vehicles, Inc. (NASDAQ:EVTV) is a technology-focused company pursuing strategic initiatives designed to enhance long-term shareholder value through platform transformation, operational realignment, and selective acquisitions.
Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the future of global demand for compute capacity, the Company's strategic transition into higher-value AI and data center revenue streams, anticipated infrastructure deployment and the expected timeline for such deployment, expected revenue to be generated by current and future utilization of the Company's compute infrastructure, the Company's pursuit of enterprise and AI clients, the future potential of cryptocurrency mining operations, potential computing workloads, the Company's ability to support computing infrastructure, and the Company's business strategy. These statements are based on current expectations and assumptions that involve risks and uncertainties that could cause actual results to differ materially. Factors that may affect actual results include, but are not limited to changes in the Company's limited operating history as a provider of energy-backed compute infrastructure and AI data center operations, project scope, engineering challenges, supply chain constraints, installation timelines, energy availability at project sites, regulatory considerations, equipment performance, changes in digital asset markets, greater resources and visibility of competitors, evolving computing demand, market conditions, and other risks described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements except as required by law.
MEDIA CONTACT
Phoenix Management ConsultingPress[ @BeachouseChef
SOURCE: Envirotech Vehicles, Inc.
US Market News
2月前
Envirotech Vehicles, Inc. (NASDAQ:EVTV) Launches Revenue-Generating Compute Platform as Company Executes Strategic Transition from EV Manufacturing to AI InfrastructureApril 15, 2026 6:30 AM
ACCESS NewswireHOUSTON, TX / ACCESS Newswire / April 15, 2026 / Envirotech Vehicles, Inc. ("EVTV" or the "Company") today announced the successful activation of its first revenue-generating digital infrastructure site, marking a key milestone in the Company's strategic transition from electric vehicle manufacturing to a diversified, power-backed hardware technology company with a focus on energy-backed compute infrastructure and artificial intelligence ("AI") data center operations.This milestone reflects a broader initiative that has been under development over multiple quarters, as EVTV repositions its business toward scalable, infrastructure-driven revenue models aligned with accelerating global demand for compute capacity.This transition is not a departure, but a deliberate evolution of EVTV's long-term strategy. Over the past several quarters, the Company has been actively laying the groundwork for this shift, including infrastructure planning, energy sourcing, vendor engagement, and deployment strategy. The activation of its first revenue-generating site represents the execution phase of these efforts.Strategic Transition: Planned Reallocation Toward Higher-Margin Infrastructure
As part of its long-term strategic roadmap, EVTV is reallocating capital and operational focus away from capital-intensive electric vehicle manufacturing and toward energy-backed digital infrastructure and AI-driven compute platforms. This transition reflects a disciplined and forward-looking capital allocation strategy, designed to position the Company in sectors with higher margin potential, faster revenue realization, scalable deployment opportunities, and strong global demand. The Company believes the convergence of energy availability and compute demand presents a significant opportunity. By leveraging its access to natural gas resources, infrastructure capabilities, and strategic partnerships, EVTV is building a platform designed to support both cryptocurrency-based compute and AI-driven workloads at scale.This strategy enables EVTV to generate immediate revenue through cryptocurrency mining, capture operational data, and transition into higher-value AI and data center revenue streams while maintaining a hybrid model. Management expects this evolution to improve capital efficiency, reduce exposure to manufacturing volatility, and establish recurring, infrastructure-based revenue streams that enhance long-term shareholder value.Revenue Generation & Monetization Framework
EVTV has commenced initial revenue generation from its first 1 MW deployment through cryptocurrency-based compute operations. This phase generates immediate cash flow for the Company while testing operational data and system optimization. All computing equipment is owned and operated by EVTV. Current operations are expected to generate approximately $50,000 to $100,000 per month depending on market conditions, system performance, and optimization factors. EVTV will continue cryptocurrency mining as a core component of its model, providing consistent revenue and supporting infrastructure optimization.Phase Two - AI Infrastructure & Data Centers
As the second phase of the activation of EVTV's energy-based compute infrastructure site, EVTV will pursue enterprise and AI clients while continuing cryptocurrency mining alongside AI workloads. This hybrid model is designed to maximize infrastructure utilization and revenue generation. Projected revenue for this second phase is expected to begin in the range of $100,000 to $200,000 per month per megawatt. EVTV estimates beginning second phase activation in sixty to ninety days. Leadership Commentary
Jason Maddox, President and Interim Chief Financial Officer of EVTV, stated:"This transition represents a strategic evolution that we have been developing for an extended period of time. Our ability to bring our first megawatt online and immediately generate cryptocurrency-based revenue validates both our infrastructure model and execution capability.We view cryptocurrency mining as a foundational component of our platform-providing immediate cash flow, real-time data, and system optimization-while we scale into higher-performance computing and AI-driven data center operations.As we enter Phase Two, we will continue to operate our cryptocurrency infrastructure alongside AI workloads, creating a hybrid model that maximizes efficiency, utilization, and revenue generation across all deployed assets. Our focus is on building a scalable, energy-backed compute platform that positions EVTV at the intersection of energy, infrastructure, and artificial intelligence."About Envirotech Vehicles, Inc.
Envirotech Vehicles, Inc. (NASDAQ:EVTV) is a technology-focused company pursuing strategic initiatives designed to enhance long-term shareholder value through platform transformation, operational realignment, and selective acquisitions.Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the future of global demand for compute capacity, the Company's strategic transition into higher-value AI and data center revenue streams, anticipated infrastructure deployment and the expected timeline for such deployment, expected revenue to be generated by current and future utilization of the Company's compute infrastructure, the Company's pursuit of enterprise and AI clients, the future potential of cryptocurrency mining operations, potential computing workloads, the Company's ability to support computing infrastructure, and the Company's business strategy. These statements are based on current expectations and assumptions that involve risks and uncertainties that could cause actual results to differ materially. Factors that may affect actual results include, but are not limited to changes in the Company's limited operating history as a provider of energy-backed compute infrastructure and AI data center operations, project scope, engineering challenges, supply chain constraints, installation timelines, energy availability at project sites, regulatory considerations, equipment performance, changes in digital asset markets, greater resources and visibility of competitors, evolving computing demand, market conditions, and other risks described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements except as required by law.MEDIA CONTACTPhoenix Management Consulting
Press@PhoenixMGMTConsulting.com
888-228-0122SOURCE: Envirotech Vehicles, Inc.View the original press release on ACCESS NewswireOriginal: Envirotech Vehicles, Inc. (NASDAQ:EVTV) Launches Revenue-Generating Compute Platform as Company Executes Strategic Transition from EV Manufacturing to AI Infrastructure
Trooperstocks
3月前
$EVTV News: EVTV GPU Pipeline Deposits. AZIO AI secured $45.36M (42%) in binding, non-refundable deposits for its $108M infrastructure pipeline.
News provided by
Azio AI Corporation
Mar 24, 2026, 07:00 ET
Coordinated Execution Across AZIO Corp. and AZIO AI Drives Early Customer Commitments as Strategic Alignment with Envirotech Vehicles (NASDAQ: EVTV) Advances
LOS ANGELES, March 24, 2026 /PRNewswire/ -- AZIO AI Corporation ("AZIO AI" or the "Company"), a next-generation artificial intelligence infrastructure and high-performance compute platform, today announced it has secured binding, non-refundable customer deposits representing approximately 42% of its previously disclosed $108 million GPU infrastructure pipeline, signaling early-stage demand for access to its planned large-scale AI compute capacity.
These customer commitments reflect coordinated execution across AZIO Corp. and AZIO AI, aligning infrastructure development, capital strategy, and customer onboarding as part of a unified platform buildout designed to support scalable AI compute deployment.
Demand for GPU-accelerated compute capacity continues to outpace available supply globally, prompting enterprise and institutional participants to secure infrastructure access in advance of deployment. Management believes this dynamic is contributing to a shift toward pre-allocation of compute capacity, with customers increasingly seeking to lock in access ahead of infrastructure activation.
Customer Deposits Establish Early Capacity Reservation
The Company, in coordination with AZIO Corp., confirmed that deposits received to date are contractually committed and non-refundable, representing secured participation from customers seeking access to AZIO AI's planned GPU compute infrastructure.
These deposits are associated with anticipated deployments of NVIDIA GPU-based systems designed to support enterprise artificial intelligence workloads, high-performance computing (HPC), and next-generation data center applications.
Importantly, these early-stage commitments provide forward visibility into infrastructure utilization, as reserved capacity is expected to be allocated upon system deployment and activation.
Execution Pathway: From Deposits to Infrastructure Deployment
AZIO AI, alongside AZIO Corp., is actively advancing procurement coordination, system integration, and site-level deployment planning in support of converting customer deposits into operational infrastructure.
The Company's deployment model is built around a modular, scalable architecture designed to enable:
Accelerated infrastructure rollout timelines
Flexible configuration of GPU compute clusters
Energy-efficient cooling and power optimization strategies
Repeatable deployment across multiple sites
This framework is designed to support a structured transition from reserved customer capacity to deployed, revenue-generating infrastructure, while maintaining adaptability to evolving AI workload requirements.
Timing of hardware delivery, installation, and activation remains subject to manufacturing schedules, logistics coordination, and broader supply chain conditions.
Scalable Infrastructure Platform and Multi-Site Expansion Framework
The $108 million pipeline represents a broader infrastructure buildout strategy, not a single-site deployment. AZIO AI is developing a repeatable deployment blueprint designed to support multi-location expansion, enabling the Company to scale compute capacity in alignment with customer demand.
Management views early deposit commitments as a key indicator supporting future site activation planning, infrastructure allocation, and capital deployment sequencing.
This scalable model is intended to position AZIO AI as a long-term infrastructure provider within the global AI compute ecosystem, with the ability to expand capacity as demand continues to accelerate.
Strategic Alignment with Envirotech Vehicles (NASDAQ: EVTV)
As previously disclosed, AZIO AI and Envirotech Vehicles, Inc. (NASDAQ: EVTV) are engaged in ongoing discussions regarding a potential strategic transaction, which may include a merger or business combination.
The contemplated alignment is intended to combine AZIO AI's infrastructure platform and deployment strategy with EVTV's public market platform, supporting enhanced access to capital markets and enabling accelerated infrastructure scaling initiatives.
No definitive agreement has been executed at this time.
Leadership Commentary
Chris Young, Chief Executive Officer of AZIO AI, commented:
"The receipt of binding customer deposits represents a meaningful validation of our infrastructure strategy and market positioning. We are seeing a clear shift in customer behavior, where compute capacity is being secured in advance of deployment as demand continues to tighten globally.
Through coordinated execution across AZIO Corp. and AZIO AI, we are focused on building a scalable platform capable of efficiently converting early demand signals into deployed infrastructure, while continuing to advance our strategic alignment with EVTV."
Positioning Within a Rapidly Expanding AI Infrastructure Market
Global demand for GPU-accelerated computing continues to expand as enterprises, governments, and industrial participants deploy increasingly complex AI workloads.
AZIO AI is focused on delivering scalable, energy-efficient, and modular infrastructure solutions designed to support sustained compute demand, while aligning deployment capacity with evolving customer requirements and infrastructure availability.
Forward-Looking Statements
This press release contains statements that do not relate to historical facts but are "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can generally (although not always) be identified by their use of terms and phrases such as anticipate, appear, believe, continue, could, estimate, expect, indicate, intend, may, plan, possible, predict, project, pursue, will, would and other similar terms and phrases, as well as the use of the future tense. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements in this press release speak only as of the date hereof. Unless otherwise required by law, we undertake no obligation to publicly update or revise these forward-looking statements, whether because of new information, future events or otherwise.
Investor Relations & Media Contact:
Phoenix MGMT & Consulting Group
Strategic Communications & Capital Markets Advisory
PR@PhoenixMGMTConsulting.com
Trooperstocks
3月前
$EVTV News: Envirotech Vehicles Announces Order for 3 MW of Modular Digital Infrastructure for South Texas Energy-Integrated Data Center Pilot in Collaboration with Azio AI Corporation
EVTV | 1 hour ago
HOUSTON, TX / ACCESS Newswire / March 12, 2026 / Envirotech Vehicles, Inc. (NASDAQ:EVTV) ("Envirotech" or the "Company") today announced that it has placed an order with Azio AI for approximately 3 megawatts (MW) of modular digital infrastructure equipment intended for deployment at the Company's South Texas energy-integrated data center pilot site.
This order follows the Company's previously announced financing transaction, pursuant to which Envirotech entered into a definitive agreement with YA II PN, Ltd. (the "Buyer") to receive up to $10.5 million in gross proceeds (following the deduction of a one-time due diligence and structuring fee of $25,000) in exchange for the issuance to Buyer of up to $11.0 million in aggregate principal amount of debentures in two tranches. The first tranche of $4.0 million in aggregate principal amount of the debentures was issued and sold by the Company to the Buyer on March 6, 2026, resulting in gross proceeds to the Company of $3.8 million. The closing of the remaining $7.0 million in aggregate principal amount of the debentures will occur on or before the first business day after the effective date of the registration statement to be filed by the Company with the U.S. Securities and Exchange Commission (the "SEC") to register for resale by the Buyer no less than 10 million shares of the Company's common stock issuable pursuant to the Amended and Restated Standby Equity Purchase Agreement, dated October 31, 2024, by and between the Company and the Buyer, as amended and supplemented by the Supplemental Agreement, dated February 24, 2025, and the shares of the Company's common stock issuable upon exercise of the warrants issued to the Buyer at the closing of the initial tranche of debentures as a commitment fee for the financing (such registration statement, the "Resale Registration Statement"), and subject to the satisfaction or waiver of customary closing conditions. For further information regarding the debenture financing, please refer to the Current Report on Form 8-K filed by the Company with the SEC on March 9, 2026.
The debenture financing was undertaken to support general corporate and working capital purposes as well as the Company's strategic initiatives, which may include the development of energy-integrated computing infrastructure projects such as the South Texas pilot site.
The infrastructure deployment is being developed in conjunction with Azio AI Corporation ("Azio AI"), which is supporting the project through procurement coordination and technical infrastructure integration. Azio AI is responsible for assisting with equipment sourcing, system architecture planning, and technical implementation related to the deployment of the modular computing infrastructure.
The equipment is expected to support the initial build-out of containerized, liquid-cooled computing infrastructure designed for high-density digital workloads and modular deployment environments. The systems are being developed to integrate power management, thermal management, and networking components within self-contained infrastructure modules that are expected to be capable of supporting a variety of computing applications.
The infrastructure is designed to operate in conjunction with onsite energy resources, allowing the Company to evaluate the integration of modular computing infrastructure with local power generation at the location utilizing well gas. The pilot project is intended to provide operational data regarding energy efficiency, infrastructure reliability, and deployment scalability at this initial site.
The initial hardware deployment includes ASIC-based computing systems operating within the modular container infrastructure. This configuration allows the Company to perform real-world testing of the site's energy, cooling, and networking systems while generating operational data from live computing workloads.
The underlying infrastructure is being deployed with flexibility in mind, and the Company intends to evaluate additional computing applications over time. These may include high-performance computing ("HPC"), artificial intelligence ("AI") infrastructure, and other advanced data center workloads, subject to technical feasibility, market conditions, and capital availability.
The Company is also announcing that initial infrastructure at the South Texas site has been energized as part of the phased commissioning process. A portion of the first modular system has been connected to onsite power and is currently operating within a controlled commissioning environment while integration with the site's electrical and cooling infrastructure continues.
This staged activation allows the Company to begin operational testing and infrastructure validation, including power stability, thermal management, and system monitoring, while additional components of the deployment are installed and integrated. The initial commissioning process is expected to take approximately two weeks and is intended to provide operational insights regarding potential deployment scale and available MW capacity at the site. The commissioning process is expected to continue in phases as the Company advances the broader infrastructure build-out associated with the site.
Deployment activities are expected to follow a phased installation and commissioning process that includes:
Pre-site engineering and power quality verification, including analysis of voltage stability, frequency characteristics, and related electrical conditions at the site.
Power infrastructure integration, including electrical design planning, cable and transformer specification guidance, and connection to onsite generation systems.
Infrastructure installation, including setup of internal liquid cooling systems and testing of fluid circulation and thermal management systems.
Network and systems configuration, including installation of internal networking infrastructure and remote monitoring systems.
Commissioning and operational validation, including staged system startup procedures and system performance testing.
The South Texas project represents an initial pilot deployment intended to evaluate the feasibility of scaling modular computing infrastructure at energy-adjacent locations. Insights from this deployment may inform future infrastructure development as the Company explores opportunities related to energy-integrated data center environments capable of supporting advanced computing applications.
If successful, the Company believes the South Texas pilot site may provide a framework for evaluating additional locations where stranded or underutilized energy resources could potentially support scalable computing infrastructure deployments in the future.
About Envirotech Vehicles, Inc.
Envirotech Vehicles, Inc. (NASDAQ:EVTV) is a technology-focused company pursuing strategic initiatives designed to enhance long-term shareholder value through platform transformation, operational realignment, and selective acquisitions.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the closing of the remaining tranche of $7.0 million in aggregate principal amount of the Company's debentures, the filing and effectiveness of the Resale Registration Statement, anticipated infrastructure deployment, the expected timeline for the initial commissioning process, operational testing, potential scalability of the South Texas site and energy-adjacent locations, the integration of computing infrastructure with onsite energy resources, potential computing workloads including AI or HPC applications, and the Company's ability to support computing infrastructure at the South Texas location. These statements are based on current expectations and assumptions that involve risks and uncertainties that could cause actual results to differ materially. Factors that may affect actual results include, but are not limited to, the Company's ability to satisfy the conditions to the closing of the remaining tranche of its debentures and the timing thereof, changes in project scope, engineering challenges, supply chain constraints, installation timelines, energy availability at the site, regulatory considerations, equipment performance, changes in digital asset markets, evolving computing demand, market conditions, and other risks described in the Company's filings with the Securities and Exchange Commission. Envirotech undertakes no obligation to update forward-looking statements except as required by law.
MEDIA CONTACT
Phoenix Management Consulting
Press@PhoenixMGMTConsulting.com
888-228-0122
SOURCE: Envirotech Vehicles, Inc
View the original press release on ACCESS Newswire
US Market News
3月前
Envirotech Vehicles Announces Order for 3 MW of Modular Digital Infrastructure for South Texas Energy-Integrated Data Center Pilot in Collaboration with Azio AI CorporationMarch 12, 2026 7:00 AM
ACCESS NewswireHOUSTON, TX / ACCESS Newswire / March 12, 2026 / Envirotech Vehicles, Inc. (NASDAQ:EVTV) ("Envirotech" or the "Company") today announced that it has placed an order with Azio AI for approximately 3 megawatts (MW) of modular digital infrastructure equipment intended for deployment at the Company's South Texas energy-integrated data center pilot site.This order follows the Company's previously announced financing transaction, pursuant to which Envirotech entered into a definitive agreement with YA II PN, Ltd. (the "Buyer") to receive up to $10.5 million in gross proceeds (following the deduction of a one-time due diligence and structuring fee of $25,000) in exchange for the issuance to Buyer of up to $11.0 million in aggregate principal amount of debentures in two tranches. The first tranche of $4.0 million in aggregate principal amount of the debentures was issued and sold by the Company to the Buyer on March 6, 2026, resulting in gross proceeds to the Company of $3.8 million. The closing of the remaining $7.0 million in aggregate principal amount of the debentures will occur on or before the first business day after the effective date of the registration statement to be filed by the Company with the U.S. Securities and Exchange Commission (the "SEC") to register for resale by the Buyer no less than 10 million shares of the Company's common stock issuable pursuant to the Amended and Restated Standby Equity Purchase Agreement, dated October 31, 2024, by and between the Company and the Buyer, as amended and supplemented by the Supplemental Agreement, dated February 24, 2025, and the shares of the Company's common stock issuable upon exercise of the warrants issued to the Buyer at the closing of the initial tranche of debentures as a commitment fee for the financing (such registration statement, the "Resale Registration Statement"), and subject to the satisfaction or waiver of customary closing conditions. For further information regarding the debenture financing, please refer to the Current Report on Form 8-K filed by the Company with the SEC on March 9, 2026.The debenture financing was undertaken to support general corporate and working capital purposes as well as the Company's strategic initiatives, which may include the development of energy-integrated computing infrastructure projects such as the South Texas pilot site.The infrastructure deployment is being developed in conjunction with Azio AI Corporation ("Azio AI"), which is supporting the project through procurement coordination and technical infrastructure integration. Azio AI is responsible for assisting with equipment sourcing, system architecture planning, and technical implementation related to the deployment of the modular computing infrastructure.The equipment is expected to support the initial build-out of containerized, liquid-cooled computing infrastructure designed for high-density digital workloads and modular deployment environments. The systems are being developed to integrate power management, thermal management, and networking components within self-contained infrastructure modules that are expected to be capable of supporting a variety of computing applications.The infrastructure is designed to operate in conjunction with onsite energy resources, allowing the Company to evaluate the integration of modular computing infrastructure with local power generation at the location utilizing well gas. The pilot project is intended to provide operational data regarding energy efficiency, infrastructure reliability, and deployment scalability at this initial site.The initial hardware deployment includes ASIC-based computing systems operating within the modular container infrastructure. This configuration allows the Company to perform real-world testing of the site's energy, cooling, and networking systems while generating operational data from live computing workloads.The underlying infrastructure is being deployed with flexibility in mind, and the Company intends to evaluate additional computing applications over time. These may include high-performance computing ("HPC"), artificial intelligence ("AI") infrastructure, and other advanced data center workloads, subject to technical feasibility, market conditions, and capital availability.The Company is also announcing that initial infrastructure at the South Texas site has been energized as part of the phased commissioning process. A portion of the first modular system has been connected to onsite power and is currently operating within a controlled commissioning environment while integration with the site's electrical and cooling infrastructure continues.This staged activation allows the Company to begin operational testing and infrastructure validation, including power stability, thermal management, and system monitoring, while additional components of the deployment are installed and integrated. The initial commissioning process is expected to take approximately two weeks and is intended to provide operational insights regarding potential deployment scale and available MW capacity at the site. The commissioning process is expected to continue in phases as the Company advances the broader infrastructure build-out associated with the site.Deployment activities are expected to follow a phased installation and commissioning process that includes:Pre-site engineering and power quality verification, including analysis of voltage stability, frequency characteristics, and related electrical conditions at the site.Power infrastructure integration, including electrical design planning, cable and transformer specification guidance, and connection to onsite generation systems.Infrastructure installation, including setup of internal liquid cooling systems and testing of fluid circulation and thermal management systems.Network and systems configuration, including installation of internal networking infrastructure and remote monitoring systems.Commissioning and operational validation, including staged system startup procedures and system performance testing.The South Texas project represents an initial pilot deployment intended to evaluate the feasibility of scaling modular computing infrastructure at energy-adjacent locations. Insights from this deployment may inform future infrastructure development as the Company explores opportunities related to energy-integrated data center environments capable of supporting advanced computing applications.If successful, the Company believes the South Texas pilot site may provide a framework for evaluating additional locations where stranded or underutilized energy resources could potentially support scalable computing infrastructure deployments in the future.About Envirotech Vehicles, Inc.Envirotech Vehicles, Inc. (NASDAQ:EVTV) is a technology-focused company pursuing strategic initiatives designed to enhance long-term shareholder value through platform transformation, operational realignment, and selective acquisitions.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the closing of the remaining tranche of $7.0 million in aggregate principal amount of the Company's debentures, the filing and effectiveness of the Resale Registration Statement, anticipated infrastructure deployment, the expected timeline for the initial commissioning process, operational testing, potential scalability of the South Texas site and energy-adjacent locations, the integration of computing infrastructure with onsite energy resources, potential computing workloads including AI or HPC applications, and the Company's ability to support computing infrastructure at the South Texas location. These statements are based on current expectations and assumptions that involve risks and uncertainties that could cause actual results to differ materially. Factors that may affect actual results include, but are not limited to, the Company's ability to satisfy the conditions to the closing of the remaining tranche of its debentures and the timing thereof, changes in project scope, engineering challenges, supply chain constraints, installation timelines, energy availability at the site, regulatory considerations, equipment performance, changes in digital asset markets, evolving computing demand, market conditions, and other risks described in the Company's filings with the Securities and Exchange Commission. Envirotech undertakes no obligation to update forward-looking statements except as required by law.MEDIA CONTACTPhoenix Management Consulting
Press@PhoenixMGMTConsulting.com
888-228-0122SOURCE: Envirotech Vehicles, IncView the original press release on ACCESS NewswireOriginal: Envirotech Vehicles Announces Order for 3 MW of Modular Digital Infrastructure for South Texas Energy-Integrated Data Center Pilot in Collaboration with Azio AI Corporation
US Market News
4月前
AZIO AI Provides Commercial Allocation Update and Deposit Progress Across Multi-Sector GPU OrdersMarch 4, 2026 7:00 AM
PR Newswire (US)
Commercial Progress Across $107M GPU Pipeline Supports Strategic Combination
Process with Envirotech Vehicles, Inc. (NASDAQ: EVTV)LOS ANGELES, March 4, 2026 /PRNewswire/ -- AZIO AI Corporation ("AZIO AI" or the "Company"), a high-performance artificial intelligence infrastructure and GPU compute platform provider, today provided a commercial update regarding previously announced GPU rack and node purchase orders and related customer allocation activity across Asia.
Deposit Progress and Funding Milestones
As previously disclosed on January 12, 2026, AZIO AI announced aggregate binding purchase orders totaling approximately $107 million (the "Purchase Order(s)"). To date, the Company has received deposits representing approximately 13% of the aggregate Purchase Order value.The Company continues to work through standard staged funding schedules customary in large-scale infrastructure procurements, and anticipates additional deposit activity in the coming weeks subject to customary banking processes, cross-border settlement timing, and customer deployment coordination.Management emphasized that deposit cadence reflects typical milestone-based procurement cycles associated with enterprise and government infrastructure contracts.Customer Allocation and Delivery Mix
In connection with ongoing deployment coordination, AZIO AI has adjusted portions of its delivery schedule to accommodate active demand from multiple large-scale data center operators across Asia.Certain GPU allocations originally designated for specific government-related deployments are being fulfilled through a diversified mix of enterprise and hyperscale customers, reflecting strong parallel demand across commercial channels.Management noted that the Company's aggregate commercial Purchase Order activity remains consistent with previously disclosed levels and that allocation flexibility is a standard component of supply-chain and delivery optimization within multi-customer infrastructure pipelines.Regional Timing Considerations
The initial funding window for the Purchase Orders coincided with the Lunar New Year holiday period across Taiwan and parts of the Asia-Pacific region, during which banking institutions and commercial counterparties operate on reduced schedules.With financial institutions now fully reopened, the Company expects deposit progression consistent with ordinary regional commercial cycles.Operational Execution
AZIO AI continues to coordinate closely with supply chain, integration, and logistics partners to support delivery readiness as funding milestones are achieved.The Company remains focused on disciplined execution, capital efficiency, and supporting infrastructure deployments across both government and enterprise customer categories.The Company believes continued commercial execution across diversified government and enterprise customer categories supports its broader infrastructure scaling initiatives and strategic positioning in connection with its previously announced proposed business combination with Envirotech Vehicles, Inc. (NASDAQ: EVTV).Forward-Looking Statements
This press release contains statements that do not relate to historical facts but are "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can generally (although not always) be identified by their use of terms and phrases such as anticipate, appear, believe, continue, could, estimate, expect, indicate, intend, may, plan, possible, predict, project, pursue, will, would and other similar terms and phrases, as well as the use of the future tense. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements in this press release speak only as of the date hereof. Unless otherwise required by law, we undertake no obligation to publicly update or revise these forward-looking statements, whether because of new information, future events or otherwise.About AZIO AI Corporation
AZIO AI is a high-performance computing and artificial intelligence infrastructure company focused on scalable GPU compute platforms, modular data centers, and energy-integrated infrastructure solutions serving government and enterprise customers across multiple regions.Investor Relations & Media Contact:Phoenix MGMT ConsultingEmail: info@phoenixmgmtconsulting.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/azio-ai-provides-commercial-allocation-update-and-deposit-progress-across-multi-sector-gpu-orders-302703310.htmlSOURCE Azio AI Corporation
Original: AZIO AI Provides Commercial Allocation Update and Deposit Progress Across Multi-Sector GPU Orders
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