Alset AI Ventures Reports Strong Portfolio Growth and Appoints New CFO

VANCOUVER, BC, September 18, 2026 (Newswire.com) - Alset AI Ventures Inc. (TSXV:GPUS)(OTCQB:GPUSF)(FSE:1R61, WKN:A40M0J) ("Alset AI", "Alset" or the "Company") announced a shareholder update and outlined its investment strategy, marking a significant milestone in its growth trajectory. At June 30, 2026, the Company's investment portfolio had a carrying value of $8,824,551, a 164.8% increase from $3,333,048 at September 30, 2025. Shareholders' equity increased 67.9% to $7,365,273 over the same period.

Alset AI is focused on building a platform that provides public-market investors with exposure to private and early-stage companies and strategic assets supporting real-world AI adoption. The Company's strategic focus is on four connected areas: AI infrastructure, healthcare AI, enterprise AI applications, and strategic assets that support the broader AI economy.

In the fiscal quarter ending June 30, 2026, Alset reported income and comprehensive income of $3,606,599, compared with a loss and comprehensive loss of $4,288,289 in the same quarter of the prior year. The result included a $4,109,577 net investment gain that was primarily unrealized and non-cash. Quarterly general expenses decreased 59.6% year over year to $526,405.

Alset AI's cloud compute business, Lyken.AI, secured a significant customer extension with a leading multinational technology and telecommunications company. The company received purchase orders with an aggregate value of approximately $580,000 that extend cloud compute services from August 25, 2026, through March 31, 2027. Based on current expected third-party hosting, commission, and service costs, Alset expects gross margin from the covered services to be approximately 5% before corporate overhead, administrative expenses, and other general issuer expenses.

Additionally, Alset completed the sale of a 9.9% interest in Lyken to Nasdaq-listed FingerMotion, a party dealing at arm's length with the Company, in exchange for 1,674,480 FingerMotion common shares. The consideration was determined using US$500,000 and the applicable Nasdaq closing price. No cash consideration was paid, and Alset retained a 90.1% controlling interest in Lyken following closing.

Lyken.AI also entered into a non-binding memorandum of understanding with SWARMNET SOLUTIONS PTE. LTD. to explore a potential long-term arrangement involving a 128-node B300 AI compute cluster for inference workloads, together with token optimization services. Any deployment remains subject to funding, due diligence, definitive agreements, approvals, hardware and data-centre availability, credit support, and applicable export-control and sanctions requirements.

Alset AI Ventures Inc. also announced the appointment of Mitchell Jackman as Chief Financial Officer, effective immediately. Jackman has more than 10 years of experience providing management and financial consulting services to public issuers and has served in a variety of management roles for entities across a range of sizes, sectors, and corporate structures.

Alset AI intends to host an investor day in Q1, 2027, to review its strategy, portfolio companies, recent developments, and capital allocation priorities. The Company will announce the date, format, and participation details once finalized.

Lyken.AI, Alset AI's cloud compute business, is developing an integrated Platform-as-a-Service offering spanning managed compute, server and token optimization, secure storage, private low-latency networking, and enterprise deployment support. Lyken's model is intended to extend beyond infrastructure access through related technical coordination and support services.

Alset AI Ventures Inc. continues to build a diversified portfolio of investments across the artificial intelligence value chain, aiming to provide investors with exposure to emerging applications and infrastructure that enable advancements in AI technologies.