Envirotech Vehicles Inc. Announces Major Milestones Following AZIO AI Merger Agreement
Envirotech Vehicles, Inc. (NASDAQ: EVTV) has made significant strides in its operational capabilities and strategic direction following its recent merger agreement with AZIO AI Corporation. The company's latest press release highlights critical developments that are poised to transform its business model and expand its market reach in the fast-evolving sectors of digital asset mining and AI computing.
1. Progress in Bitcoin Mining Infrastructure
Deployment of Advanced Mining Units
One of the standout achievements reported by Envirotech is the deployment of approximately 6 megawatts of modular Bitcoin mining infrastructure at its South Texas facility. The installation, which is set to begin shortly, will feature a total of 638 high-performance mining units, including 480 M6DS++ miners and 158 S21 XP immersion miners. This configuration is expected to operate at an industry-low power cost of approximately $0.03 per kilowatt-hour, leveraging behind-the-meter natural gas generation.
According to management, this favorable power cost could position the fleet as a lucrative revenue-generating asset, particularly when considering current Bitcoin market prices. As operations commence, the efficiency and cost-effectiveness of this mining setup could provide a competitive edge in the domestic digital asset mining sector.
2. AZIO AI Merger and Expanding GPU Pipeline
Customer Deposits and Hardware Deliveries
Following its merger agreement dated May 19, 2026, with AZIO AI, Envirotech has begun to see the benefits of this partnership. AZIO AI has initiated the delivery of NVIDIA B200 GPU systems, which are among the most advanced AI computing hardware available. The company has already received customer deposits for a substantial $118 million purchase order, signaling strong market confidence and demand for its offerings.
The successful collection of these deposits before the full delivery of systems is a promising indicator of customer commitment and further solidifies the credibility of AZIO AI's pipeline. Additionally, AZIO AI has made strides by delivering eight Super Micro Computer server racks equipped with NVIDIA B200 GPUs to a separate customer, showcasing its operational momentum and capability to fulfill demand for next-generation AI compute solutions.
3. The Competitive Advantage of Low-Cost Power
Structural Benefits for Diverse Operations
Envirotech emphasizes its strategic advantage derived from its low-cost, behind-the-meter natural gas power position in South Texas. This advantage is not limited to Bitcoin mining but extends to AI compute hosting and high-performance data center operations. The company is also in the process of enhancing fiber connectivity to its South Texas site, a critical factor for supporting AI server deployment and high-throughput compute workloads.
As integration planning progresses with AZIO AI, the latter is expected to contribute significantly to deployment and technical operations across the compute infrastructure, while Envirotech continues to expand its power capacity and connectivity.
4. About Envirotech Vehicles, Inc.
Envirotech Vehicles, Inc. is pivoting toward a technology-focused infrastructure model, aiming to capitalize on opportunities within AI compute, digital asset mining, and energy-backed data center operations. The company’s commitment to utilizing low-cost energy resources positions it strategically in these high-demand sectors.
5. About AZIO AI
AZIO AI specializes in the distribution of GPU and server rack technology, focusing on co-developing AI data center capacity both domestically and internationally. Its growing portfolio includes the operation of compute systems and Bitcoin mining operations.
6. Conclusion
The recent operational milestones achieved by Envirotech Vehicles Inc. following its merger with AZIO AI reflect a robust strategy aimed at capturing growth in the digital asset and AI sectors. With a strong focus on low-cost energy solutions and a growing pipeline of advanced computing hardware, the company's future appears promising as it seeks to leverage these developments to enhance shareholder value and operational efficiency. Investors and stakeholders will be keenly watching how these initiatives unfold in the coming months.
