Group 1 - The board of directors of Gansu King Kong Photovoltaic Co., Ltd. held its 55th meeting of the 7th session, where all 6 attending directors approved the meeting without prior notice [1][2] - The board approved a significant computing power sales contract between its subsidiary, Beijing King Kong Shuhai Intelligent Computing Technology Co., Ltd., and Jiangsu *** Big Data Co., Ltd., which will provide computing power services [1][2] - The total amount of the contract, including tax, is expected to open new revenue and profit channels for the company, enhancing its operational capabilities [1][2] Group 2 - The board believes that the computing power client is legally established, operates normally, and possesses good credit status, ensuring contract performance capability [2] - The contract signing was witnessed by Shanghai Tongli Law Firm, which provided a special legal opinion on the transaction [2]

Core Viewpoint - VNET Group, Inc. has announced a share repurchase program, reflecting the company's confidence in its future growth prospects, allowing for the repurchase of up to US$50 million of its American depositary shares [1] Share Repurchase Program Details - The share repurchase may occur on the open market at prevailing prices, through various legally permissible means, and will be subject to market conditions and regulatory requirements [2] - The program will be effective upon signing a formal agreement with a qualified broker-dealer and will last for 12 months, depending on market conditions and other factors [3] - The company is not obligated to repurchase a specific number of shares and may modify or terminate the program at management's discretion [3] Company Overview - VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China, offering hosting, IDC services, cloud services, and business VPN services [4] - The company operates in over 30 cities in China, serving a diverse base of more than 7,000 enterprise customers across various industries, including internet companies, government entities, and small to mid-sized enterprises [4]

Core Viewpoint - VNET Group, Inc. has raised its total net revenues and adjusted EBITDA guidance for the full year 2025, reflecting strong operational performance and strategic execution [1][2]. Financial Performance - The updated guidance for total net revenues in 2025 is projected to be between RMB9,150 million and RMB9,350 million, indicating a year-over-year growth of 11% to 13% [3][4]. - Adjusted EBITDA (non-GAAP) is expected to range from RMB2,760 million to RMB2,820 million, representing a year-over-year growth of 14% to 16% [3][4]. - Excluding a disposal gain of RMB87.7 million from the adjusted EBITDA calculation for 2024, the year-over-year growth would be 18% to 20% [3][4]. Business Outlook - The company attributes its optimistic outlook to faster-than-expected move-ins among wholesale IDC clients and ongoing operational efficiency gains [2]. - VNET operates in over 30 cities across China, serving a diverse customer base of more than 7,000 enterprise clients from various industries [6].

数据 ETF（516000）紧密锚定中证大数据产业指数，其样本精准覆盖大数据存储、分析、应用等全产 业链上市公司，堪称大数据产业发展的 "晴雨表"。当下，算力互联互通浪潮正重塑产业格局。一方 面，算力的高效调度与整合，为产业各环节注入强劲动能。在存储端，可优化架构，大幅提升数据存储 效率与容量；于分析领域，则能加速模型训练与算法迭代，显著提升数据洞察的精度与深度。另一方 面，算力保障有力推动创新应用落地，如金融投资、智能驾驶等对实时数据处理要求严苛的前沿场景， 得以突破技术瓶颈，实现从概念到实践的跨越，持续拓宽大数据产业的发展边界。 截至2025年6月27日 14点31分，中证大数据产业指数（930902）上涨0.17%，成分股东华软件上涨 4.18%，奥飞数据上涨2.50%，光环新网上涨2.42%，创业慧康上涨1.79%，科华数据上涨1.36%。数据 ETF（516000）上涨0.22%，冲击5连涨，最新价报0.93元。拉长时间看，截至2025年6月26日，数据ETF 近1周累计上涨4.64%。流动性方面，数据ETF盘中换手4.62%，成交1934.06万元。 消息方面，近日，首批数据中心REITs项目—— ...

Core Insights - The UCloud Wulanchabu Intelligent Computing Center has achieved 100% signing of its cabinet resources in the month of delivery [1] Group 1 - In early June, the B building of the UCloud Wulanchabu Intelligent Computing Center, which has approximately 2,300 cabinets, commenced delivery [1] - The clients served by the B building primarily include large telecommunications equipment manufacturers, focusing on AI large model training and inference scenarios [1] - The self-built intelligent computing center by UCloud in Wulanchabu covers an area of approximately 140,000 square meters and is designed to accommodate 12,000 cabinets of various power specifications [1]

Core Viewpoint - The data center industry is poised for significant expansion driven by the increasing demand for artificial intelligence (AI) capabilities, yet Equinix has faced a notable decline in its stock price recently, particularly after its analyst day event [1][4]. Group 1: Company Performance - Equinix's share price has decreased by almost 16% week-to-date as of Thursday night, following its analyst day [1]. - The company provided guidance for its adjusted funds from operations (AFFO), forecasting annual growth of 5% to 9% from 2025 through 2029 [2]. Group 2: Market Dynamics - The heavy demand for AI necessitates substantial expansion in data center capacity, compelling companies like Equinix to invest heavily now to benefit in the future [4]. - Analysts have become more bearish on Equinix, with several institutions downgrading their recommendations on the stock [4]. Group 3: Investment Perspective - The current capital expenditure requirements are seen as justified due to the urgent demand for robust AI functionality, which data center operators must address upfront [5]. - The recent decline in Equinix's stock price presents a buying opportunity for long-term investors, despite anticipated short-term profitability challenges [6].

Core Viewpoint - Equinix's shares have declined nearly 10% following multiple analyst downgrades after its analyst day presentation, raising concerns about future growth prospects [1][2]. Analyst Downgrades - The stock's decline is attributed to high expectations prior to the analyst day, particularly regarding the intersection of data centers and artificial intelligence [2]. - Six major Wall Street firms, including JPMorgan, BofA, and Wells Fargo, have reduced their price targets and recommendations for Equinix [3]. Analyst Concerns - Analysts are particularly worried about Equinix's guidance for AFFO per-share growth of only 5% to 9% for 2025-2029, which is lower than the previous estimate of 7%-10% given in 2023 [5]. - The revenue growth guidance of 7%-10% is considered acceptable, but there is concern over a 2% reduction in AFFO growth due to increased spending for long-term growth initiatives [6]. Implications for Investors - While the market may react negatively in the short term, Equinix's strategy of investing for long-term growth is viewed as a positive move for long-term investors, despite the potential impact on medium-term AFFO [7].

Albert Anthony is the pen name of a Croatian-American business author who is a media contributor on investor platform Seeking Alpha, where he has over +1K followers, & also writes for platforms like Investing dot com and is launching a book on Amazon in 2025 called Financial Markets: The Next Generation. Calling himself part of the new generation of analysts in the financial markets, he comes from a non-traditional financial background having been an analyst in the IT sector for several Fortune 500 companie ...

Core Insights - BluSky AI Inc. is developing modular AI data center infrastructure to meet the growing compute demands of artificial intelligence and high-performance computing [2][4] - The company's flagship product, SkyMod data centers, are designed for rapid deployment and energy efficiency, allowing clients to lower costs and complexity [2][3] - BluSky AI aims to fill a significant gap in the AI ecosystem by providing scalable, rapidly deployable compute solutions [4] Company Overview - BluSky AI is headquartered in Salt Lake City, Utah, and focuses on innovative and sustainable infrastructure solutions for the AI sector [6] - The company plans to address the global AI supply shortage with turnkey modular solutions across multiple locations [6] Market Position - North America accounts for over 40% of the $347.6 billion global data center market, with U.S. demand expected to grow at a double-digit rate [4] - BluSky AI's modular, GPU-centric approach positions it well to scale with market demand [4] Strategic Partnership - BluSky AI has selected IBN to lead its corporate communications, leveraging IBN's extensive distribution network to enhance visibility among investors and the public [5][6] - IBN has over 19 years of experience and a large audience, which will help BluSky AI reach a broader market [6]

Core Insights - Hyperscale Data, Inc. identifies significant growth opportunities in its Michigan data center, which has the potential to expand to 340 MW of power capacity [2][4][6] - The company aims to secure long-term hosting agreements similar to Applied Digital Corporation's recent contract, which is projected to generate over $7 billion in revenue over 15 years [2][3] - The Michigan Facility is viewed as a strategically undervalued asset for supporting large-scale AI and high-performance computing workloads [4][10] Facility Expansion Plans - The Michigan Facility currently spans 617,000 square feet and is targeted for an expansion from approximately 30 MW to 340 MW of power [5][6] - An agreement in principle has been reached with the local utility to increase power availability to 300 MW, with completion expected in about 44 months [5] - Additionally, a separate agreement with the local natural gas utility aims to provide an extra 40 MW of power, expected to be completed within 18 months [6] Strategic Separation and Leadership Transition - The company plans to complete its separation from Ault Capital Group, Inc. by the end of 2025, transitioning to a standalone publicly traded infrastructure company focused on AI and digital asset compute solutions [7][16] - Following the separation, the current Executive Chairman will focus on Ault Capital Group, while the CEO will continue in his role and assume the position of Chairman of the Board [8][9] Valuation Perspective - The company believes that the market significantly undervalues its business, particularly the transformative potential of the Michigan Facility [10][11] - As the AI infrastructure market evolves, the company expects the gap between its intrinsic value and current market capitalization to narrow, creating long-term value for stockholders [11]