Accessible version China Data Center Sector re-rating on potential order recovery; Maintain Buy on VNET, GDS Industry Overview Order recovery to trigger sector re-rating China data center stocks outperformed last night HKT (VNET: +11%, GDS: +8%) mainly due to improving data center demand outlook as China internet/cloud companies have started with new round of data center project bidding process recently, in our view. We think this is a good sign for China data center sector after relatively muted demand in ...

SHANGHAI, China, Jan. 13, 2026 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced that it has entered into definitive agreements with DayOne Data Centers Limited (“DayOne”), a Singapore-headquartered hyperscale data center platform in which the Company holds a minority equity investment, pursuant to which DayOne will repurchase ordinary shares of DayOne from G ...

Core Viewpoint - HIVE Digital Technologies Ltd. is expanding into Paraguay through a joint venture with the country's leading telecommunications operator, launching a purpose-built AI cloud platform to support high-performance computing and AI infrastructure across South America [1][2]. Group 1: Expansion and Infrastructure - The new AI BUZZ Cloud platform will be located in Asunción and hosted within a Tier III data center, aimed at serving various sectors including academia, enterprises, financial services, and healthcare [2][10]. - Initial deployment is set for Q1 2026, starting with an enterprise-grade GPU cluster for AI training and data-intensive workloads, with plans to scale based on customer demand and capital availability [3][11]. - HIVE has already established Tier I data centers in Paraguay, utilizing renewable hydroelectric energy, and views Bitcoin mining as a means to build further infrastructure [4][12]. Group 2: Strategic Vision and Economic Context - HIVE's long-term strategy focuses on evolving energy-led digital infrastructure into scalable AI and data center capacity, emphasizing the importance of reliable electricity and high-capacity connectivity [5][6]. - Paraguay's recent economic growth, stable government, and pro-investment policies create a favorable environment for HIVE's digital infrastructure investments [6][9]. - The company draws parallels between Paraguay's infrastructure development and that of Texas, suggesting that Paraguay is at a similar early-stage point in its digital infrastructure cycle [7][12]. Group 3: Workforce and Institutional Engagement - Continued investment in AI and HPC infrastructure is expected to stimulate economic activity and increase demand for technical professionals, contributing to workforce development [8]. - The expansion aligns with ongoing institutional engagement between Paraguay and the United States, which may enhance confidence in the region's stability and investment potential [9].

Core Insights - Hyperscale Data, Inc. aims to grow its Bitcoin treasury to $100 million, currently holding approximately $49 million in Bitcoin as of January 11, 2026 [1][2] - The company ranks as the 67th largest public Bitcoin treasury globally and 36th in North America [1] - The total Bitcoin holdings include approximately 540 Bitcoin, with 529.5929 Bitcoin held by its subsidiary Sentinum and 10 Bitcoin held by Ault Capital Group [2] Company Strategy - The company plans to deploy cash allocated to its Digital Asset Trading (DAT) strategy into Bitcoin purchases over time, targeting at least 5% of allocated cash for investment each week [3] - The actual investment amount may vary based on market conditions, and the company encourages investors to evaluate Bitcoin accumulation based on multi-week averages [3] Reporting and Transparency - Hyperscale Data intends to provide weekly updates on total Bitcoin owned and Bitcoin purchased, ensuring consistent and transparent reporting for stockholders [4] - The company does not plan to provide regular updates on cash balances but will continue to report on Bitcoin holdings and purchases [4] Subsidiary Operations - Hyperscale Data operates through its subsidiary Sentinum, which mines digital assets and offers colocation and hosting services [6] - Ault Capital Group, another subsidiary, is focused on acquiring undervalued businesses and disruptive technologies [6] Future Plans - The company expects to divest Ault Capital Group in the third quarter of 2026, transitioning to focus solely on data center operations and digital asset holdings [7] - The divestiture will involve a voluntary exchange of Series F Preferred Stock for shares of ACG, allowing stockholders to become shareholders of ACG [8]

钢铁侠马斯克与Colossus数据中心，图片由AI生成 在美国田纳西州孟菲斯市，有一座属于马斯克旗下xAI的超算集群Colossus。 这座规划容量"10万卡"超算中心初期用电负荷便高达150兆瓦，远期规划总容量更是突破1.2吉瓦——接近孟菲斯市峰值用电需求的四成。 对硅谷而言，这是一座"未来工厂"，而对当地居民来说，它更像一个吞噬电力，制造噪音、热浪且扰民的"赛博怪兽"。 类似Colossus这样的数据中心遍布世界各地，OpenAI、Meta都在通过举债的形式加码建设，尤其是OpenAI，规划算力总价值达到1.4万亿美元。 可有一个终极问题：喂养这些"吞金兽"，钱从哪里来？ 数据中心=金融产品 一条隐形链条就这样形成：养老金→保险资金→私人信贷基金→数据中心→科技公司。风险在账面上被切割、包装、转移，投资者看起来仍然安全，实际 承压的却是那些原本希望养老金账户稳健增长的普通大众。 xAI超级计算机集群Colossus外景 Colossus作为AI基础设施：规模空前、技术密集、能源需求巨大。 建设阶段，孟菲斯经历了一段短暂"繁荣"：数千建筑岗位被创造，地方政府税收增加，"科技投资落地"的叙事铺开。然而混凝土浇 ...

AIDC（AI数据中心），被机构一致视为AI时代确定性较高的算力基建赛道，核心逻辑围绕"需求爆发 +供给紧缺+政策加持+技术迭代+商业模式升级"五大维度展开： 1、需求爆发方面，中信证券指出，AI大模型训练与推理对算力需求呈指数级增长，AIDC（AI数据中 心）作为算力载体，是AI产业最基础、最刚性的环节； 2、供给紧缺方面，华泰证券认为，当前国内GPU、AI服务器供给紧张，算力缺口预计持续2–3年。 重点布局算力、AI应用领域的大数据ETF华宝（516700）昨日涨停，斩获日线12连阳后，今日（1月13 日）开盘，场内价格一度涨超3.7%再创上市新高，后随市盘整回调，现跌3.76%，截至当前，振幅达 8.53%。 值得关注的是，大数据ETF华宝（516700）昨天单日吸金756万元。反映或有资金看好AIDC（AI数据中 心）后市表现，借道ETF积极布局！ 成份股方面，易点天下领涨超11%，用友网络涨逾9%，中科星图涨超6%，税友股份、科大讯飞等个股 涨幅居前。另一方面，神州信息跌超9%，优刻得跌逾7%，电科数字、科华数据跌逾6%，跌幅居前拖累 指数表现。 3、政策加持方面，①国家多次强调"加快算力基础设施建 ...

Core Viewpoint - HIVE Digital Technologies Ltd. is expanding its operations into Paraguay through a strategic joint venture with the country's leading telecommunications operator, launching a purpose-built AI cloud platform aimed at serving various sectors across South America [1][2]. Group 1: Expansion and Infrastructure - The new AI BUZZ Cloud platform will be located in Asunción and hosted within a Tier III data center, designed to provide high-performance computing and AI infrastructure for academic, enterprise, financial, and healthcare sectors [2][3]. - The initial deployment of the platform is set to begin in Q1 2026, starting with an enterprise-grade GPU cluster for AI training and data-intensive workloads, with plans for future scaling based on customer demand and capital availability [3][5]. - HIVE has already established Tier I data centers in Paraguay, utilizing renewable hydroelectric energy, and views Bitcoin mining as a means to develop further infrastructure [4][11]. Group 2: Strategic Vision and Economic Context - The company's strategy in Paraguay is part of a long-term vision to evolve energy-led digital infrastructure into scalable AI and data center capacity, emphasizing the importance of reliable electricity and high-capacity connectivity [5][6]. - Paraguay's recent economic growth, stable government, and pro-investment policies create a favorable environment for long-term digital infrastructure investments [6][10]. - HIVE's development approach mirrors the evolution of digital infrastructure seen in Texas, suggesting that Paraguay is at a similar early stage in its infrastructure development cycle [7][11]. Group 3: Workforce and Institutional Engagement - The investment in AI and HPC infrastructure is expected to stimulate downstream economic activity, potentially increasing demand for technical professionals such as software developers and data scientists [8]. - The expansion aligns with ongoing institutional engagement between Paraguay and the United States, which may enhance bilateral cooperation and institutional confidence [9][10]. - The launch of the AI cloud platform aims to support accelerated computing demand across South America, leveraging renewable energy and a Tier III environment [10][11].

Core Viewpoint - The Chinese data center industry is expected to enter a phase of explosive growth by 2025, with the market size projected to exceed 318 billion yuan, representing a year-on-year increase of approximately 14.7% [1][2]. Industry Summary - The market size of the Chinese data center industry is forecasted to reach 1.2 trillion yuan by 2030, with a compound annual growth rate (CAGR) of about 25%-28% [2]. - The load capacity is expected to be around 7.05 GW in 2025 and reach 9.37 GW by 2030, with a CAGR of approximately 5.85% [2]. - The demand for AI computing power is driving significant capital expenditure from leading internet companies, with ByteDance planning to invest about 160 billion yuan in AI infrastructure by 2026, Alibaba expecting to invest over 380 billion yuan in cloud and AI hardware from 2025 to 2027, and Tencent increasing its investment in AI and cloud construction [2]. Investment Insights - The domestic data center sector is entering a new cycle of expansion and upgrades, with direct current (DC) power supply equipment likely to benefit first [2]. - The recent initiation of AIDC tenders in China suggests a focus on the IDC sector, with recommendations to pay attention to companies like Kehua Data (002335) [3]. - The HVDC/SST industry shows significant potential for development, with high market space and further value enhancement expected, recommending attention to Jinpan Technology and Sifang Co., Ltd. (601126) [3]. - High-voltage circuit breakers are critical for power distribution and transformation, with a recommendation to focus on Liangxin Co., Ltd. (002706) [3]. - Continuous attention is advised for the power supply sector within AIDC, including companies like Zhongheng Electric (002364), Magpower (002851), and Oulu Tong (300870) [3]. - In the energy storage sector, companies such as Sungrow Power Supply (300274) and Tongfei Co., Ltd. (300990) are recommended for investment [3].

Iren (NASDAQ:IREN), a vertically integrated data center operator previously specializing in Bitcoin (CRYPTO:BTC) mining, closed Monday at $50.33, up 9.34% on the day. Iren IPO'd in 2021 and has grown 106% since going public. Trading volume reached 52 million shares, coming in about 37% above versus its three-month average of 37.8 million shares.Monday's trading is reflecting renewed interest in crypto-exposed AI infrastructure plays, with investors watching Iren's Microsoft (NASDAQ:MSFT) AI contract and piv ...

NEW GEOTHERMAL PPA WITH SWITCH ENHANCES THE ECONOMICS OF ORMAT’S SALT WELLS POWER PLANT RENO, Nev., Jan. 12, 2026 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced the signing of a 20-year Power Purchase Agreement (PPA) with Switch, the premier provider of AI, cloud and enterprise data centers. This agreement represents Ormat’s first direct PPA with a data center operator, highlighting Ormat’s leading capabi ...