ELL ENV (ASX: 01395) has announced that its indirect non-wholly owned subsidiary, PT Rimba Palma Sejahtera Lestari, has entered into a purchase agreement with Hong Kong Xinxin Technology Co., Ltd.

The agreement, signed after market hours on July 14, 2026, involves the acquisition of 1600 VolcMiner D1 units, a type of application-specific integrated circuit machine, for a total consideration of $3.512 million, equivalent to approximately HK$27.3936 million.

The purchase includes all accompanying components, accessories, and documentation for the equipment.

Strategic Rationale

The company operates a biomass power plant with existing generation capacity and related infrastructure. This acquisition forms part of a strategic initiative to enhance the commercial value of its energy assets by expanding into high-performance computing and digital infrastructure services.

Deployment and Integration

Under a long-term commercial arrangement, the ASIC equipment will be deployed within the group's data centers to provide managed digital processing power and related infrastructure services to clients.

By integrating power generation with data center operations, the group expects to increase the utilization rate of its power generation assets, diversify its revenue streams, and capture greater value from electricity that might otherwise be fed into the grid or remain underutilized.

Management Outlook

The board of directors believes the acquisition will strengthen the group's digital infrastructure capabilities, enhance operational flexibility in allocating available power resources across different commercial applications, and position the company to benefit from the growing demand for energy-intensive computing services.