Envirotech Vehicles stock price rises following previous order of Azio AI's ASIC system

2026-02-20 15:43:20

Investing.com - Envirotech Vehicles Inc. (NASDAQ:EVTV) stock rose 15% in pre-market trading on Friday after Azio AI Corporation announced it had received the company’s first purchase order for 28 next-generation ASIC computing systems. The full payment for the initial order has been received.

Azio AI expects to begin delivering these ASIC systems within the next few weeks. These devices are expected to be deployed within EVTV’s liquid immersion cooling modular container infrastructure platform, of which EVTV holds leasing rights for the containerized and power support infrastructure.

Under the cooperation framework, EVTV will own these ASIC computing systems and retain leasing rights for the containerized power infrastructure. Azio AI will be responsible for hardware integration, system configuration, and performance optimization.

Azio AI’s engineering team will support deployment, validation, and operational optimization. The team includes experienced integrators who have previously worked at NVIDIA and other high-performance computing environments.

The initial ASIC deployment aims to validate sustained high-density power utilization, immersion cooling efficiency, operational resilience, and computing economics under continuous load conditions. During this validation phase, these systems are expected to support professional SHA-256 computing workloads, generating Bitcoin revenue while establishing operational benchmarks for scalable megawatt-level expansion.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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