Reliance Global Group Acquires Oblivus Assets to Enter AI Infrastructure Market
Bitget2026/11/04 13:33- Reliance Global Group completed its acquisition of Oblivus assets from Skyportal on November 3, 2026, entering the AI cloud infrastructure market.
- The purchase price includes $3 million paid at closing, with up to $750,000 contingent on revenue milestones over the following 12 months.
- Cash on hand funded the acquisition; the company remains debt-free.
- Oblivus generated approximately $1.5 million in revenue in the 12 months ended September 2026, according to the seller's unaudited records.
- The acquired business will operate under the GPU Exchange brand, with growth plans focused on expanding computing capacity and its GPU marketplace.
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