Gate News message, April 15 — Elice Group, a South Korean AI infrastructure company, announced plans to pursue an initial public offering (IPO) this year to raise capital for building next-generation AI portable modular data centers (PMDC). CEO Kim Jae-won stated at a press conference today that the company needs to secure funding within the year to complete PMDC construction, adding that they are preparing to raise funds through public listing.
Elice Group’s revenue last year reached approximately 40 billion KRW (around $30 million USD), with education services accounting for 30-40% of total sales. The company recently entered a bid for the government’s 2 trillion KRW ($1.5 billion USD) GPU procurement project. This year, cloud revenue is expected to surpass education revenue as the company expands from its AI-based education platform into cloud infrastructure.
The company completed development of a PMDC supporting next-generation Vera Rubin NVL72 GPUs, which require 230kW per rack. Elice also introduced GPU Spot pricing, the first among domestic cloud service providers, offering up to 50% cost savings compared to on-demand rates across B200, H100, and A100 GPU lineups. The company plans to enhance its AI education solutions with integrated vision capabilities and enterprise-focused AI transformation training.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The Stablecoin Era! Circle founder Jeremy Allaire makes the 2026 Global Top 100 Most Influential People list
Against the backdrop of the gradual expansion of global crypto and financial regulation, Circle co-founder Jeremy Allaire was named to Time’s 2026 list of the 100 most influential people, symbolizing the growing importance of stablecoins. Circle has evolved from a digital payments company into a stablecoin platform centered on USDC, and plans to become part of global financial infrastructure. This shift makes its business model more akin to a digital money market fund, foreshadowing the potential profitability and growth of stablecoins in the future.
ChainNewsAbmedia4h ago
Allbirds Raises $50M via Convertible Bonds, Pivots to AI Infrastructure as NewBird AI
Allbirds has raised $50 million through convertible bonds and will transition from footwear retail to AI computing, rebranding as NewBird AI to reflect its new mission.
GateNews7h ago
Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on April 15
Gate News message, according to the April 15 update, Bitcoin ETFs recorded a single-day net inflow of 4,566 BTC (approximately $337.41 million) and a 7-day net inflow of 6,753 BTC (approximately $499.04 million). Ethereum ETFs saw a single-day net inflow of 23,405 ETH (approximately $54.37 million)
GateNews7h ago
TradFi Rise Alert: BE (Bloom Energy Corp) Rises Over 22%
Gate News: According to the latest Gate TradFi data, BE (Bloom Energy Corp) has surged by 22% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews8h ago
Crypto Hedge Funds Expand into Traditional Assets: Oil, Copper, and Nasdaq 100 Now on All-Weather Trading Platforms
Crypto hedge funds are diversifying into traditional commodities and equity indices, indicating that crypto trading infrastructure is merging with mainstream finance, as reported by Bloomberg.
GateNews8h ago
Strive Raises SATA Dividend to 13%, Adds 27 Bitcoin to Bring Total Holdings to 13,768 BTC
Strive, a Nasdaq-listed bitcoin treasury company, is raising its Series A Preferred Stock dividend to 13.00%. It also acquired 27 additional bitcoins, totaling 13,768 BTC, ensuring dividend payments can be supported for about 19.6 years.
GateNews8h ago
