全网都在"尝鲜"的AI图片、视频生成技术，《哪吒2之魔童闹海》里精妙唯美的渲染特效……这些体 验，都离不开算力这一数字底座的支撑。数字经济浪潮奔涌的今天，算力已成为驱动科技创新、产业跃 迁的新动能。 6月13日，第四届粤港澳大湾区（广东）算力产业大会暨第三届中国算力网大会在韶关举办。作为经济 大省、数字强省，在算力这条赛道上，广东到底有多快？本期信心有数一起看！ 2027年广东算力规模将超60EFLOPS 当人们谈论电力时，谈论的是照亮夜晚、驱动机器、连接世界的能量。而在数字时代，算力就是这种能 量，它是推动科技进步、经济发展和社会变革的"新电力"。 "信心有数"栏目 南方都市报、南都大数据研究院"信心有数"栏目，用数据记录广东实现现代化的奋进之路，用数据描绘 万马奔腾共创美好的活力之路，用数据书写每一个你我昂扬向上的信心之路。 千里之行，系于你我；心中有数，广东可期。 如果说算力就是数字时代的"新电力"，那么作为粤港澳大湾区国家枢纽节点、华南地区唯一的国家数据 中心集群，韶关集群正在成为广东最重要的"发电厂"。 大湾区"算力之城"，韶关何以脱颖而出？ 在自然环境方面，韶关地质安全稳定，年平均气温全省最低，有 ...

Group 1: Chevron (CVX) - Chevron's stock has declined by 23% from its all-time high in January 2023, which correlates with a 22% dip in the price of oil benchmark West Texas Intermediate during the same period [4][5] - The company has a strong track record of increasing dividends for 38 consecutive years, with a conservative average payout ratio of 68.4% over the past five years [5] - Chevron operates across the entire energy value chain, allowing it to benefit from greater efficiencies and mitigate risks associated with any single segment of the energy business [6] Group 2: Vertiv (VRT) - Vertiv's stock is down approximately 26% from its all-time high, but it has shown significant recovery recently, making it a potential buying opportunity [8] - The company is positioned to benefit from ongoing investments in artificial intelligence (AI) and data centers, with no signs of a slowdown in data center spending [9] - Vertiv's new 800-volt high voltage direct current (HVDC) power systems are expected to be ready by the second half of 2026, aligning with Nvidia's platform rollouts in 2027, which could drive a new cycle of orders [11]

此外，涵盖数据中心建设、数据服务与应用、大数据制造业在内的32个项目在大会现场集中签约，标志 着韶关构建"基建——应用——制造"闭环生态，为算力产业注入更强劲的实体支撑。 据了解，首批签约聚焦数据中心项目，三大电信运营商及10家企业率先落子。其中，电信数据中心二期 项目拟建设3.85万标准机架，计划总投资超24亿元。中国移动通信集团广东有限公司、中国联合网络通 信有限公司广东省分公司等将在算力基础设施、网络建设、产业数字化转型等方面与韶关加强合作。 (完) 场。韶关市政府 供图 据介绍，韶关数投公司联合华为，携手中国汽研、上海鸿翼、景联文科技、飞图影像、广州视能互联等 产业合作伙伴，共同推动创新实验室正式落地韶关。 创新实验室聚焦数据要素、人才培养、适配中心三大核心方向，融合技术与资源，服务国家战略，助力 韶关打造数字产业新高地。其中，在数据要素方面，创新实验室将构建产学研、政企协同机制，联合高 校共建研发中心，推动数据治理与隐私计算应用；搭建数据流通平台，提升数据价值释放；参与制定数 据开放与治理标准，支撑数字经济发展。在人才培养方面，创新实验室推进产教融合，联合高校开 展"订单式"培养，建设实训基地，推动 ...

封面新闻记者 周翼 贵安新区规划展示厅 石照昌摄 作为中国第8个国家级新区、中国首个国家级大数据综合试验区，贵安新区位于贵阳市和安顺市接合部、黔中经济区核心地带。经过10年发展，贵安新区 从一张"白纸"到如今顶着"中国数谷"的头衔，华为、腾讯、中国移动等行业巨头纷纷落子。 贵安超级计算中心以日均处理超10PB数据的能力，将算力源源不断输送到全国各地，今年爆火的《哪吒2》中，超40%的特效渲染由这里提供算力保障。 地处西南的贵安新区，是如何从"科技洼地"一步步成为"算力高地"的呢？ 作为一家高新技术企业，选择从上海到贵州贵安新区，贵州数据宝网络科技有限公司（以下简称"数据宝"）10年前作出这个决定时，估计不少人都持怀疑 态度。6月9日，封面新闻记者随"贵安新区高质量发展媒体调研行"活动走进这家企业时，公司政务总监罗洪江用一句话回答了记者的疑问，"因为我们看 好这里的发展前景"。 用政策吸引"大厂"落地 不久前，腾讯把服务器放进山洞里的视频，在社交平台上引发不少人关注。公开资料显示，腾讯七星洞库式数据中心是我国首座洞库式数据中心，借助山 体内部温度低于外部的自然条件，服务器在这里拥有了天然的"空调房"，这个数据中 ...

Core Viewpoint - IREN Limited successfully closed a private offering of $550 million in convertible senior notes, reflecting strong investor demand and strategic financial maneuvers to support its growth initiatives in the data center sector [1][3]. Group 1: Transaction Details - The initial offering was upsized from $450 million to $500 million due to high demand, with an additional $50 million purchased through the initial purchasers' option [3][6]. - The notes carry a 3.50% coupon rate and have a conversion premium of 30% [6]. - The net proceeds from the offering are approximately $534.9 million after deducting discounts, commissions, and estimated offering expenses [4][6]. Group 2: Use of Proceeds - Approximately $53.8 million will fund the cost of capped call transactions, while about $92.5 million is allocated for a prepaid forward transaction [7]. - The remaining proceeds will be used for general corporate purposes and working capital [7]. Group 3: Capped Call and Prepaid Forward Transactions - Capped call transactions were entered into to reduce potential dilution of IREN's ordinary shares upon conversion of the notes, with an initial cap price of $20.98 per share, representing a 100% premium over the last reported sale price [4][5]. - The prepaid forward transaction involves purchasing approximately $92.5 million of IREN's ordinary shares, facilitating derivative transactions for investors [8][9]. Group 4: Company Overview - IREN is a vertically integrated data center business focused on renewable energy, with a power portfolio of 2,910 MW secured across over 2,000 acres in the U.S. and Canada [12]. - The company operates 660 MW of data centers, expanding to 885 MW in 2025, and is a significant player in Bitcoin mining and AI cloud services [13].

Group 1 - The fourth Guangdong-Hong Kong-Macao Greater Bay Area Computing Power Industry Conference showcased the latest achievements in the construction of the Shaoguan data center cluster over the past year [1] - As of Q1 2023, the total computing power scale of the eight major hub nodes in China's "East Data West Computing" initiative reached 215.5 EFLOPS, accounting for over 70% of the national total [3] - The Guangdong-Hong Kong-Macao Greater Bay Area is positioned as a "bridgehead" for China's computing power to reach the world, emphasizing its role in the digital economy [3] Group 2 - Three major platforms were launched to create a new highland for computing power services in the Greater Bay Area [4] - The Guangdong-Hong Kong-Macao Public Computing Power Service Platform aims to build an efficient, green, collaborative, and secure regional computing power service system [5][7] - The provincial advanced storage center focuses on promoting secure and efficient data storage and circulation, supporting the aggregation of public, enterprise, and industry data in Shaoguan [5][7] Group 3 - The Shaoguan Data Aggregation Governance and Privacy Computing Platform adopts a dual-platform architecture to support public data authorized operations and innovate data application scenarios [5][7] - The Shaoguan Data Investment & Huawei Joint Innovation Laboratory was officially unveiled, collaborating with various industry partners to promote local development [5]

Core Insights - The Guangdong-Hong Kong-Macao Greater Bay Area is experiencing strong growth in the computing power industry, with Shaoguan becoming the largest smart computing cluster in South China [1][2] - The total computing power scale of the eight major hubs in China's "East Data West Computing" initiative reached 215.5 EFLOPS, accounting for over 70% of the national total [1] - Shaoguan has established a capacity of 120,000 standard racks and attracted 22 smart computing center projects with a total investment exceeding 60 billion [2] Industry Development - A series of technology innovation platforms were launched at the conference, including the Shaoguan Data Investment & Huawei Joint Innovation Laboratory, which will focus on data elements, talent cultivation, and adaptation centers [3] - The AI Edge Alliance was officially established to promote the integration of AI and edge computing, aiming to inject new vitality into the smart computing industry's upgrade [3] - Shaoguan's network latency has improved significantly, with data transmission to Guangzhou taking only 1.3 ms and to Shenzhen 1.66 ms, meeting most computing power business needs in the Greater Bay Area [2] Investment and Projects - The Greater Bay Area Computing Scheduling Center has been completed, and the Guangzhou Data Exchange (Shaoguan) service base is operational [2] - China Telecom plans to invest over 2.4 billion in Shaoguan to build 38,500 standard racks, while Softcom Power Information Technology will develop a computing power scheduling platform [3]

Summary of InVenture (INV) Conference Call - June 12, 2025 Company Overview - InVenture operates as a conglomerate model, launching wholly owned companies in collaboration with multinationals, acting as founders, funders, owners, and operators of these companies [3][4][10] - The company focuses on technology solutions that are either invented or adopted by multinationals, which are outside their core operations [4][9] Core Model and Strategy - InVenture employs a closed loop model with four core aspects: uniqueness of technology, fully developed technology, leveraging multinational experience, and catalyzing early adoption through multinational relationships [4][6][7] - The model aims to reduce risk by ensuring that technology solutions are in pilot form before full commercial launch, thus increasing the likelihood of success [7][12] - The company has launched four companies to date, including PureCycle and Aeroflex in partnership with Procter & Gamble, and Excelsius, which addresses critical cooling technology needs in data centers [10][11][15] Excelsius and Market Opportunity - Excelsius is positioned to capitalize on the growth of data centers and generative AI, addressing a critical infrastructure gap in cooling technology [15][16] - The current cooling methods in data centers are inadequate, with 8% still using air conditioning, while the industry is moving towards two-phase cooling solutions [16][18] - Excelsius offers a cost-effective two-phase cooling solution that reduces energy costs and allows for denser server configurations, providing both critical need and economic incentive for adoption [21][22] Financial Performance and Growth Potential - InVenture aims to demonstrate high earnings per share growth by systematically launching companies that exhibit an S-curve of growth, potentially leading to premium valuations [14] - The company has invested approximately $10 million into PureCycle, which went public at a $1.2 billion valuation and is currently trading at around $2 billion [23] - The company plans to maintain a disciplined capital allocation approach, aiming to launch approximately one company per year while managing operational strain and dilution of focus [34][36] Capital Strategy and Market Position - InVenture has closed approximately $150 million in financing and plans to raise additional capital to support its growth and operational needs [40][41] - The company emphasizes the importance of a strong capital markets team to navigate funding challenges and ensure long-term success [43][45] - The value proposition for investors lies in accessing early-stage venture opportunities with a better risk-adjusted basis, particularly through the growth potential of Excelsius and the systematic launch of new companies [52][54] Conclusion - InVenture's model is designed to create value through strategic partnerships and innovative technology solutions, with Excelsius serving as a key proof point for the company's growth strategy [53][54]

Key Takeaways Vertiv's $7.9 billion backlog and strong order growth highlight robust AI and data center demand. nVent is gaining from its fast-growing Data Solutions segment and recent $975 million acquisition. NVT's lower valuation and ongoing product launches give it an edge over VRT in current conditions.Vertiv (VRT) and nVent Electric (NVT) are major players in the data center infrastructure market, providing critical infrastructure solutions for data centers and industrial environments. While Vertiv ...

" AI，改变不了数据中心厂商只是一名包租婆的属性。 " 作者丨 胡敏 编辑丨 周蕾 "数据中心，天生是个烂行业，没有真正的硬核技术，只是做房东，靠租赁挣钱。"一位股民在股吧尖锐点 评。 2020年下半年至2024年年中，数据中心板块在资本市场开启了一场长达四年的"跌跌不休"之路，光环新 网、万国数据、数据港、世纪互联等龙头企业深陷估值泥潭。 光环新网股价从30.89元暴跌至6.64元，市净率一度创历史新低，万国数据从116.76一路跌到了最低5.01 元，跌幅达95.71%，而世纪互联股价从巅峰的44.45元，一路下降到最低1.39元，一度面临退市危机。 然而，这样一个"烂行业"却在去年下半年开始起风了，资金接连涌入，数据中心股开始迎来了他们的"春 天"，股价一路狂飙，像世纪互联、润泽科技、数据港等公司股价过去半年多时间，已经经历了三次冲 高，从最低点到最高点，涨幅至多超一倍。 "当初我并不看好IDC相关股票，觉得利润低，又没太多壁垒，后来发现打脸了。"二级市场投资者刘欣宇 回忆起年初对数据中心股票的判断。 好景不长，眼下的数据中心股又开始回落，前不久，润泽科技公布2024年报以及一季度报当天，其股价更 是 ...