Linkhome Holdings, an artificial intelligence-powered real estate and fintech company, is leveraging a recent acquisition to launch a new graphics processing unit financing business.

The company completed the purchase of 100% of the equity interests of Mortgage One Group, marking a step in its push into AI financing. In that, Linkhome used Mortgage One's lending platform and financing infrastructure to start a business designed to provide financing and capital solutions for GPU servers and other AI computing infrastructure, it announced in a press release Wednesday.

Linkhome's stock skyrocketed by more than 150% to $1.67 by 3 p.m. Wednesday.

"AI infrastructure is rapidly becoming one of the fastest-growing asset classes in the global technology economy," Linkhome CEO Bill Qin said in the release. "By combining financing with AI infrastructure, we aim to lower the barriers to GPU ownership while creating new opportunities for investors, enterprises and AI innovators. We believe this acquisition establishes an important foundation for Linkhome's next phase of growth."

Linkhome also plans to develop a decentralized GPU marketplace, allowing GPU owners to make money off idle computing resources while granting AI developers, startups, enterprises and research organizations access to GPU computing power through a competitive, usage-based marketplace, the release said.

Mortgage One currently operates with about $28 million in warehouse lending capacity, has 39 employees and holds mortgage lending licenses in 18 states. Linkhome intends to expand the platform's licensing footprint nationwide and ultimately serve customers in all 50 states, according to the release.

The Plano, Texas-based lender was founded in 2011 by loan officers Richard Tak and Jun Choi. It then opened eight branches from 2017-2022, including three in California and its most recent in Hawaii, according to Mortgage One's website.

Linkhome said integrating Mortgage One's platform positions it to take advantage of the global demand for AI computing infrastructure, while growing its financial services business into one of the fastest-growing sectors of the digital economy.

The company expects to announce more partnerships, technology initiatives and product launches this year as it continues executing its AI infrastructure growth strategy, the release said.

Beeline Holdings also completed an acquisition Wednesday that further expands its AI capabilities. Beeline's purchase of MagicBlocks gave it full ownership of the AI technology already embedded across its platform. With MagicBlocks' capabilities fully integrated, Beeline expects to increase deployment of AI-driven automation across the mortgage origination and title workflow, reduce costs and improve the borrower experience, it said in a press release.

Beeline already owned 48% of MagicBlocks prior to the acquisition. To make the deal work, Beeline issued 209,456 shares of common stock at $2.25 per share or well above market on the closing date, representing approximately $471,276 in consideration. The company's shares fell 9.4% to $1.11 as of 3 p.m. Wednesday.