HONG KONG and NEW YORK, March  16, 2026  (GLOBE NEWSWIRE) -- K‑Tech Solutions Company Limited (NASDAQ:KMRK) (&#34;K‑Tech&#34; or the &#34;Company&#34;), a technology firm specializing in high-performance computing infrastructure, today

KMRK

K-Tech Solutions Company Limited (Nasdaq: KMRK) Announces Joint Venture with Aurora AZ Energy Ltd. to Develop up to 500 MW of AI and HPC Infrastructure in Canada

K-Tech Enters Joint Venture for High-Performance Computing Growth

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 <h3>Information</h3>
 HONG KONG and NEW YORK, March 16, 2026 (GLOBE NEWSWIRE) -- K‑Tech Solutions Company Limited (NASDAQ:KMRK) (&amp;#34;K‑Tech&amp;#34; or the &amp;#34;Company&amp;#34;), a technology firm specializing in high-performance computing infrastructure, today
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 <h3>AI Summary</h3>
 K-Tech Solutions Company Limited has announced a joint venture with Aurora AZ Energy to develop high-performance computing infrastructure in Alberta, Canada. This strategic move could significantly decrease energy costs below North American grid rates, unlocking substantial growth potential in AI and crypto mining sectors by 2027.
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 <h3>Key Points</h3>
 <ul><li>KMRK announces a joint venture with Aurora AZ Energy for crypto mining.</li><li>Initial deployment targets 100 MW of computing capacity in Alberta, Canada.</li><li>Joint venture expected to reduce energy costs significantly below grid rates.</li><li>Expansion could increase capacity up to 500 MW depending on resource availability.</li><li>Project aims to support AI and HPC applications using wellhead natural gas.</li></ul>
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 <h3>Companies Mentioned</h3>
 <ul><li>Aurora AZ Energy Ltd. (N/A): Joint venture partner providing power solutions critical for KMRK&#039;s expansion.</li></ul>
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 <h3>Corporate Developments</h3>
 This news falls under &#039;Corporate Developments&#039; as it marks a significant strategic initiative for KMRK. The joint venture enhances KMRK&#039;s operational capabilities in high-growth sectors like AI and crypto.
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 <h3>Market-Moving</h3>
 <ul><li>Initial revenue generation expected by Q2 2027 as computing capacity comes online.</li><li>Reduction in energy costs could significantly enhance profit margins for KMRK.</li><li>Potential capacity expansion contingent on securing additional resources could drive future growth.</li><li>Joint venture secures KMRK’s foothold in the lucrative AI and crypto markets.</li></ul>
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 <h3>Key Facts</h3>
 <ul><li>Joint venture to initially develop 100 MW of IT capacity.</li><li>Project expected to reduce energy costs below prevailing North American rates.</li><li>Site preparation to begin in September 2026, with initial capacity online by Q2 2027.</li><li>Expansion could target up to 500 MW depending on resource acquisition.</li><li>Aurora has over 20 wellhead locations across Alberta for further scalability.</li></ul>
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 <h3>Trading Thesis</h3>
 KMRK is likely to see a bullish sentiment as the venture enhances growth prospects within the tech sector over the next year.
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link>HONG KONG and NEW YORK, March 16, 2026 (GLOBE NEWSWIRE) -- K‑Tech Solutions Company Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/KMRK">KMRK</a>) ("K‑Tech" or the "Company"), a technology firm specializing in high-performance computing infrastructure, today announced that its subsidiary has entered a joint venture agreement, as supplemented, with Aurora AZ Energy Ltd. ("Aurora"), a developer of wellhead natural gas power solutions, to develop large-scale crypto mining, artificial intelligence (AI) and high‑performance computing (HPC) infrastructure in Alberta, Canada. The Joint Venture plans to develop an initial 100 megawatts (MW) of IT capacity at Aurora&#39;s flagship site in Alberta. Expansion beyond this level, potentially up to 500 MW over time, would be subject to securing additional power supply, land and capital. Aurora AZ Energy Ltd. is a specialist in wellhead energy solutions. By integrating natural gas resources directly at the wellhead with advanced power generation technologies, Aurora intends to utilize natural gas resources to sustainably support high‑density computing operations. The Joint Venture expects wellhead-sourced power to deliver energy costs meaningfully below prevailing grid rates in North America, positioning the partnership&#39;s facilities as a cost-efficient platform for data center environments on the continent. Additionally, the Joint Venture intends to convert natural gas that might otherwise be flared to generate power for computing operations, reducing waste. Under the terms of the Joint Venture, Aurora will supply power-rich data center sites sourced from its wellhead energy portfolio, while K-Tech will lead the design, development, and operations of the computing facilities. Together, the parties will deploy purpose-built, high-density data centers optimized for crypto mining, AI training/inference, and other compute-intensive workloads. The transaction is subject to customary regulatory approvals, including applicable provincial energy and environmental permits in Alberta. Development Roadmap The partnership is structured across several phases that together establish a roadmap to deploy over 100 MW and up to 500 MW of IT capacity: Initial Deployment: The Joint Venture will launch at Aurora's flagship site in Alberta, where the parties plan to develop an initial 100 MW of IT capacity supported by dedicated, wellhead‑sourced power infrastructure. Site preparation and infrastructure buildout are expected to commence in September 2026, with initial computing capacity projected to come online in Q2, 2027 Capacity Expansion: Subject to securing additional power and land at existing Aurora locations, the joint venture may expand total IT capacity at those sites toward the 500 MW target. The parties expect to evaluate expansion opportunities upon successful deployment of the Phase 1 facility. Portfolio Scale-out: K‑Tech and Aurora intend to evaluate and may develop additional sites across Aurora's broader wellhead energy portfolio, which currently encompasses over 20 active wellhead locations across Alberta. This creates an opportunity to further scale high-density AI and HPC capacity beyond the initial development plan. "As AI models and HPC workloads become increasingly power-intensive, scalable and cost-effective infrastructure is critical. By partnering with Aurora, we are combining wellhead energy solutions with high‑performance chip design and data center expertise to support next‑generation AI and HPC applications," said Kenneth Kwok, CEO of K‑Tech Solutions Company Ltd. "Aurora was built to unlock the full value of natural gas at the wellhead," said Jim Zhou, CEO of Aurora AZ Energy Ltd. "Working with K‑Tech allows us to apply that capability to high‑density computing infrastructure. We believe this collaboration will support the integration of energy and digital infrastructure at scale." About K-Tech Solutions Company Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/KMRK">KMRK</a>) Founded in 2016, Hong Kong-based K-Tech Solutions is principally engaged in the design, development, testing and sale of a diverse portfolio of toy products ranging from simple plastic toy products to more complex electromechanical toy products. Our solution services span across the entire development stage of toy products from design, prototype testing, production management, quality control to after-sales services. We specialize in the development of infant and pre-school educational toys and learning kits. About Aurora AZ Energy Ltd. Aurora AZ Energy Ltd. is a Calgary-based energy infrastructure company focused on wellhead natural gas power solutions. The company develops systems that convert natural gas resources into electricity to support high-density computing applications, including artificial intelligence, high-performance computing and digital infrastructure. Aurora AZ Energy Ltd. was incorporated in Canada in 2023. Forward-Looking Statements Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. For more information, please contact: K-Tech Solutions Company Limited Johnny Kwok Unit A, 7/F Mai On Industrial Building 17-21 Kung Yip Street, Kwai Chung New Territories, Hong Kong Phone: (+852) 2741 3165 Email: <a href="mailto:johnnykwok@k-mark.com">johnnykwok@k-mark.com</a> Investor Relation Jean-Pierre Noel Straight Limited Creative Hub, Shaw Studio   201 Wan Po Road, Tseung Kwan O, HK   Phone: (+852) 2577 8001 Email: <a href="mailto:jp@straight.hk">jp@straight.hk</a> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY3MjYxNSM3NDg3MTEyIzIzMDk5Mzc="></img> <img alt="" src="https://ml.globenewswire.com/media/ZTA1ZTVkNzktN2YwYi00NTFjLWFhMmItOTAwZDRlODBhMTAwLTEzMjE0ODctMjAyNi0wMy0xNi1lbg==/tiny/K-TECH-SOLUTIONS-COMPANY-LIMIT.png" referrerpolicy="no-referrer-when-downgrade"></img>

K-Tech Solutions Company Limited has announced a joint venture with Aurora AZ Energy to develop high-performance computing infrastructure in Alberta, Canada. This strategic move could significantly decrease energy costs below North American grid rates, unlocking substantial growth potential in AI and crypto mining sectors by 2027.

k-tech-solutions-company-limited-nasdaq-kmrk-announces-joint-venture-with-aurora-az-energy-ltd-to-develop-up-to-500-mw-of-ai-and-hpc-infrastructure-in-canada

K-Tech Solutions Company Limited (Nasdaq: KMRK) Announces Joint Venture with Aurora AZ Energy Ltd. to Develop up to 500 MW of AI and HPC Infrastructure in Canada

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