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SAN FRANCISCO - MiTAC Computing Technology Corporation and Belgian renewable energy firm Tonomia signed a Memorandum of Understanding (MOU) today to develop sustainable AI infrastructure powered by renewable energy. The partnership comes as MiTAC’s parent company, MiTAC Holdings Corporation (TSE:3706), demonstrates strong market performance with a 119.54% return over the past year and robust revenue growth of 120.06%.
The agreement, signed during the Belgian Economic Mission to the West Coast of the USA in San Francisco, aims to combine MiTAC’s GPU server technology with Tonomia’s renewable energy solutions to create low-carbon, high-performance AI clusters for enterprises.
MiTAC Computing Technology, a subsidiary of MiTAC Holdings Corporation (TSE:3706), designs and manufactures server platforms, while Tonomia specializes in renewable energy solutions for distributed AI. According to InvestingPro analysis, MiTAC Holdings maintains a strong financial health score and is currently trading near its Fair Value, with analysts anticipating continued sales growth this year.
"Our partnership with Tonomia demonstrates MiTAC’s commitment to open innovation and practical sustainability in data centers," said Rick Hwang, President of MiTAC Computing Technology, according to the press release.
Tonomia’s approach includes solar carports, on-site battery storage, and distributed AI infrastructure that can transform parking lots into clean energy hubs for electric vehicles and AI datacenter workloads.
Dr. Mustapha Belhabib, Founder & CEO of Tonomia, stated, "With the rapid growth of AI, sustainable energy supply is essential to power next-generation applications."
The signing ceremony was attended by Belgian and American officials, including HRH Princess Astrid of Belgium.
The partnership comes as data centers face increasing scrutiny over their environmental impact and energy consumption, particularly with the growing computational demands of artificial intelligence applications. For investors seeking deeper insights into MiTAC’s financial outlook and 12 additional exclusive ProTips, InvestingPro offers comprehensive analysis of the company’s performance and growth potential.
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