Azio AI Secures First ASIC Order From Envirotech Vehicles for Compute Validation

Azio AI Corporation announced on February 20, 2026, that it has received its inaugural purchase order from Envirotech Vehicles, Inc. (EVTV) for twenty-eight units of its newest generation Application-Specific Integrated Circuit (ASIC) compute systems. The company confirmed receipt of full payment for this order, marking a tangible step in their joint infrastructure validation initiative.

Delivery of the advanced ASIC systems is scheduled for the coming weeks, initiating the strategic implementation phase. The ordered systems are slated for integration into EVTV's modular containerized infrastructure, which utilizes liquid immersion cooling technology. While EVTV will retain ownership of the compute systems, Azio AI is responsible for leading the hardware integration, system configuration, and performance optimization, leveraging senior engineering personnel with experience in high-performance computing environments, including those associated with NVIDIA.

The initial deployment is specifically designed to rigorously test key performance indicators, such as power utilization efficiency and cooling effectiveness, under intensive SHA-256 computational workloads. These workloads will simultaneously generate Bitcoin returns while establishing performance benchmarks for future multi-megawatt expansions. This collaboration follows a successful trial in January 2026, where a 40-foot AI data center container, designed for high-density compute and thermal efficiency, was installed and connected to power and network infrastructure in Houston.

This operational progression aligns with EVTV's strategy to diversify revenue streams beyond its core business of manufacturing zero-emission electric vehicles. Concurrently, corporate dynamics are advancing, as EVTV is pursuing a potential business combination with Azio AI, based on an independent third-party valuation placing Azio AI at approximately $480 million in enterprise value. The proposed transaction structure suggests Azio AI would become the primary operating entity post-combination, redirecting EVTV's long-term strategy toward AI infrastructure and applied artificial intelligence systems.

Azio AI's executive leadership, headed by CEO Chris Young, is anticipated to assume a central role in guiding the combined organization's strategic direction. The implied valuation of $3.00 per EVTV share has been discussed in connection with the potential merger, though a definitive agreement remains contingent upon the completion of due diligence and requisite regulatory and shareholder approvals. Market reaction to the December 2025 Letter of Intent (LOI) announcement was volatile, with EVTV shares reportedly declining significantly on high volume. However, the February 2026 ASIC purchase order announcement triggered a positive market response, with EVTV stock gaining 22% in pre-market trading on Friday, signaling investor interest in the integration of Azio AI's compute technology.