iPower
iPower Inc. (NASDAQ: IPW) is a publicly traded U.S. e-commerce retailer and SuperSuite supply-chain platform operator pivoting into digital asset treasury holdings, AI infrastructure investments, and crypto hardware distribution following a sharp decline in its core hydroponics retail business.
- Company typePublic
- Founded2018
- HeadquartersRancho Cucamonga, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What iPower does
iPower Inc. (NASDAQ: IPW) is a publicly traded technology- and data-driven online retailer headquartered in Rancho Cucamonga, California. The company's original core business is direct-to-consumer e-commerce of hydroponic and indoor gardening equipment — LED grow lights, grow tents, and nutrient systems — sold under its own brand and distributed through over 10,000 SKUs across major third-party marketplaces including Amazon, Walmart, Temu US, and AliExpress, with roughly 80% of sales to North American consumers and commercial cultivators. The company was incorporated in Nevada in April 2018 and completed its Nasdaq IPO in May 2021 at $5.00 per share.
The technology backbone is the SuperSuite platform, an end-to-end supply-chain service offering procurement, fulfillment, logistics, and software-enabled services to third-party brands and products via a supplier portal and last-mile delivery integrations (UniUni, GoFo, Amazon Logistics Services). SuperSuite contributes roughly 20% of revenue. Under new management direction, iPower has executed two reverse stock splits (1-for-30 in October 2025; 1-for-8 in May 2026) and is actively pivoting its corporate identity and capital allocation toward Digital Asset Treasury operations (15.1 BTC, 301.1 ETH held via BitGo custody), AI infrastructure investments (up to $3M committed to sUSDai via the USD.AI protocol), and crypto infrastructure hardware distribution under a non-binding MOU with Nanopulse Technology Ltd.
The business model blends unit-priced e-commerce retail (mid-30% gross margins), SuperSuite platform fees (~20% of revenue), Digital Asset Treasury yield, AI infrastructure yield, contracted sublease income (~$2.6M through May 2028 from 85,000 sq ft in Rancho Cucamonga), and nascent crypto hardware sales. Funding has shifted from equity issuance toward a $30 million convertible-note facility, supplemented by a $2 million share repurchase program (the first in company history) and the divestiture of Global Product Marketing Inc. for ~$2.3M to enable an asset-light operating model.
iPower firmographics
Firmographics- Name
- iPower
- Legal name
- iPower Inc.
- Website
- https://ir.meetipower.com
- Company type
- Public
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- iPower Inc. (NASDAQ: IPW) is a publicly traded U.S. e-commerce retailer and SuperSuite supply-chain platform operator pivoting into digital asset treasury holdings, AI infrastructure investments, and crypto hardware distribution following a sharp decline in its core hydroponics retail business.
- Ownership category
- akta.pro rank
Where iPower is headquartered
LocationHeadquarters
- HQ city
- Rancho Cucamonga
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
iPower business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Product Sales: Revenue from selling consumer home, pet, and garden products including hydroponic equipment, LED grow lights, grow tents, and nutrient systems. Over 10,000 SKUs sold primarily through Amazon and Walmart with mid-30% gross margins.
- SuperSuite E-commerce Services: Value-added ecommerce services for third-party products and brands including procurement, fulfillment, logistics, and software-enabled services. Represents approximately 20% of total revenue mix.
- Digital Asset Treasury: Holdings of Bitcoin (15.1 BTC) and Ethereum (301.1 ETH) acquired as part of Digital Asset Treasury strategy
- AI Infrastructure Investments: Investment in sUSDai (yield-bearing GPU-collateralized instrument) and participation in AI infrastructure financing ecosystem through USD.AI protocol
- Crypto Infrastructure Hardware: Distribution of crypto infrastructure hardware through partnership with Nanopulse Technology, with potential revenue from hardware sales and commission-based participation in future infrastructure income
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Sublease income from Rancho Cucamonga facility |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels4 records
iPower product offering
Product offeringCore offering
iPower is a tech and data-driven online retailer and supplier of consumer home, pet, and garden products, selling over 10,000 SKUs of hydroponic and indoor gardening equipment (LED grow lights, grow tents, nutrient systems) primarily through Amazon and Walmart to North American consumers and commercial cultivators. Through its SuperSuite platform, iPower also provides value-added e-commerce services — procurement, fulfillment, logistics, and software-enabled services — to third-party products and brands across Amazon, Temu US, and AliExpress, with last-mile delivery via UniUni and GoFo.
Product overview
iPower Inc. is a tech and data-driven online retailer and supplier of consumer home, pet, and garden products, as well as a provider of value-added e-commerce services through its SuperSuite platform. SuperSuite delivers procurement, fulfillment, logistics, and software-enabled services for third-party products and brands across multiple sales channels including Amazon, Temu, and AliExpress, paired with last-mile delivery partners UniUni and GoFo. The company has expanded beyond its core hydroponics and indoor gardening e-commerce business (its primary revenue driver selling over 10,000 SKUs) into adjacent initiatives including a Digital Asset Treasury (DAT) holding Bitcoin and Ethereum, crypto infrastructure hardware distribution via a Nanopulse Technology partnership, and AI infrastructure investments through sUSDai (a yield-bearing GPU-collateralized token of the USD.AI protocol). iPower also generates non-dilutive income from subleasing portions of its Rancho Cucamonga facility to third-party logistics operators, reflecting an asset-light operating model transition.
Differentiator
Problem solved
Functional benefit
Brands
- SuperSuite: Supply chain platform providing procurement, fulfillment, logistics, and software-enabled services for online retailers and brands
- iFarm
Products and services
- Hydroponics & Indoor Gardening Equipment (Core E-Commerce)
Quantifiable outcome
- 66% sequential decline in operating expenses to $1.9 million in Q3 2026
- +3 more outcomes
Companies that use iPower
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
iPower technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature3 records
iPower partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- Nanopulse Technology Ltd.coreStrategic expansion into crypto infrastructure hardware through non-binding MOU. Leverages iPower's U.S.-based supply chain, fulfillment, and e-commerce capabilities to commercialize crypto hardware at scale. Contemplates revenue from hardware sales plus commission-based participation in future income from distributed infrastructure. Parties exploring iPower's potential role as U.S.-based validator or node operator.
- Koala StoryminorNew supply-chain partner for SuperSuite platform, focusing on U.S.-manufactured pet snacks (Chicken Chips dog treats) targeting online sales channels.
- UniUni and GoFominorNew last-mile logistics partners already live in iPower's network, expected to lower delivery costs and improve delivery performance.
- Zyla by Ant InternationalcoreiPower introduced as U.S. retail channel partner at Zyla's CES event, supporting Zyla's clients with e-commerce expansion capabilities. Following the event, several supply-chain partners approached iPower to explore potential partnership opportunities. Company sees growing interest in its platform capabilities for cross-border commerce.
- TCLcorePartnership to expand smart tech access via iPower's authorized channel. Pairs TCL's product leadership with iPower's marketplace engine to deliver more choice, dependable delivery, and stronger authenticity signals for shoppers.
- Borg Rise U.S.minorStrategic partnership to expand social media commerce, leveraging Borg Rise U.S.'s dynamic and fast-growing player position in digital commerce.
- United Package NV LLCcoreJoint venture representing first major step in U.S.-based manufacturing. Aims to advance iPower's 'Made In USA' initiative through domestic production capabilities.
- Amazon Logistics ServicescoreIntegration of Amazon Logistics Services to enhance SuperSuite platform fulfillment capabilities.
- Western PostminorStrategic partnership to elevate SuperSuite platform capabilities through enhanced logistics and fulfillment services.
- LTMATE GlobalminorStrategic partnership for supply chain services and product distribution.
- Permian LabscoreDeveloper of USD.AI protocol, the AI infrastructure financing ecosystem that iPower is investing in through sUSDai purchases.
Scale indicators14 records
Recent moves9 records
Expansion highlights6 records
iPower competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key risks7 records
Key highlights6 records
Customer concentration
iPower social profiles
Digital presenceiPower financial estimates
Financial estimateRevenue estimate
Valuation estimate
iPower leadership team
Management profileNumber of profiles
Profiles5 records
iPower subsidiaries and ownership
Company hierarchySubsidiaries3 records
iPower funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
iPower M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about iPower
What does iPower do?
iPower is a tech and data-driven online retailer and supplier of consumer home, pet, and garden products, selling over 10,000 SKUs of hydroponic and indoor gardening equipment (LED grow lights, grow tents, nutrient systems) primarily through Amazon and Walmart to North American consumers and commercial cultivators. Through its SuperSuite platform, iPower also provides value-added e-commerce services — procurement, fulfillment, logistics, and software-enabled services — to third-party products and brands across Amazon, Temu US, and AliExpress, with last-mile delivery via UniUni and GoFo.
Is iPower a public or private company?
iPower is a public company. It is classified as public and is currently operating.
When was iPower founded?
iPower was founded in 2018. It employs 51 to 100 people.
Where is iPower based?
iPower is headquartered in Rancho Cucamonga, United States, in the North America region.
How does iPower make money?
Five revenue lines are on record. Product Sales are the primary driver. The others are superSuite E-commerce Services, digital Asset Treasury, AI Infrastructure Investments and crypto Infrastructure Hardware.
Does iPower have an API?
No public API is recorded for iPower.