iPower shares surge 12.93% premarket after BitGo announces custody and transaction support for iPower's digital asset treasury.

iPower surged 12.93% in premarket trading following the announcement that BitGo has begun providing custody and transaction support for iPower's digital asset treasury. This development marks a strategic advancement in iPower’s cryptocurrency infrastructure initiatives and signals growing institutional recognition of its digital asset operations. The move builds on recent efforts, including a $30 million convertible note facility to launch its digital asset treasury and the completion of initial digital asset purchases. With enhanced custodial support from BitGo, a leading blockchain infrastructure provider, the news is seen as a positive catalyst for iPower’s expanding role in the crypto ecosystem.