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 ...

Philadelphia, Pennsylvania--(Newsfile Corp. - January 12, 2026) - National plaintiffs' law firm Berger Montague PC announces that a class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI) ("Fermi" or the "Company") on behalf of investors who purchased or otherwise acquired Fermi securities during the period of October 1, 2025 through December 11, 2025 (the "Class Period"), including in the Company's initial public offering on October 1, 2025.Investor Deadline: Investors who purchased Fermi se ...

Cipher Mining Inc. (NASDAQ:CIFR) is one of the promising stocks to buy under $50. On December 23, Cipher Mining announced the acquisition of a new 200-megawatt/MW site in Ohio, named Ulysses. This acquisition represents a significant milestone for the company, as this is its first site located outside of Texas. The move highlights Cipher’s strategy to diversify its geographical footprint and source high-quality infrastructure opportunities across the US. The Ulysses site encompasses 195 acres of land and ...

Group 1 - At least $3 trillion is expected to be invested in data-center-related projects over the next five years, driven by the growth in artificial intelligence and cloud computing [1][5] - Major tech companies, including Microsoft, Amazon, Alphabet, Oracle, Meta, and CoreWeave, are projected to invest $500 billion in data centers this year due to rising demand [2] - Banks will play a significant role in financing these investments, with institutional investors also expected to participate in lending alongside banks [3] Group 2 - More US data centers are anticipated to utilize asset-backed securities and private credit markets for refinancing, with a notable increase in financing size and concentration expected after record issuance levels in 2025 [4] - Despite concerns about a potential bubble due to the substantial debt required for the AI revolution, demand for new data center capacity remains strong, with growth expected to continue globally over the next 12 to 18 months [5] - The need for additional capacity is projected to arise within the next decade, although the pace of technology adoption remains uncertain [6]

Core Insights - Big tech companies are increasingly entering into direct agreements with utility companies to ensure stable and long-term energy supplies due to rising power demands driven by data centers, cloud computing, and artificial intelligence [1] Group 1 - The surge in power needs is primarily attributed to the expansion of data centers [1] - Cloud computing is a significant factor contributing to the increased energy requirements of big tech firms [1] - Artificial intelligence is also driving the demand for reliable energy sources among major technology companies [1]

Core Insights - 3 E Network Technology Group Limited has signed a 30-year land lease agreement with the City of Mikkeli for a data center development site covering approximately 101,071 square meters [1][4][5] - This agreement marks a significant step in the company's transition from strategic planning to tangible development of its AI Data Center project [5] - The Mikkeli site was chosen for its robust power infrastructure, favorable climate for energy-efficient cooling, and strong local government support [5] Company Overview - 3 E Network is a B2B IT business solutions provider aiming to become a next-generation AI infrastructure solutions provider [7] - The company focuses on the symbiosis of AI and energy, with a business model that includes data center operation services and software development [7][8]

Group 1 - The AI application sector continues to surge, with the big data ETF Huabao (516700) experiencing a price increase of over 6%, marking a 12-day consecutive rise in daily trading volume [1] - Positive news includes the anticipated release of DeepSeek V4, which may surpass OpenAI GPT in AI programming capabilities, and Alibaba's Qwen 3.5, expected to enhance multimodal understanding and coding abilities [1] - The listing of Zhihui, the first global large model stock, on January 8 in Hong Kong, signifies a growing interest in AI models [1] Group 2 - Data centers are identified as the core infrastructure for AI, with a high demand for computing power driving growth in the IDC industry [2] - The North American and Chinese markets are highlighted as key growth areas, with significant projects still pending in overseas markets, while domestic demand is expected to rebound after a temporary slowdown due to import restrictions on computing cards [2] - The big data ETF Huabao (516700) passively tracks the CSI Big Data Industry Index, focusing on sectors like data centers and cloud computing, with major holdings in leading companies such as Inspur, iFlytek, and China Software [2]

Core Viewpoint - OpenAI and SoftBank Group are jointly investing $500 million each to develop a $1 billion artificial intelligence infrastructure platform named "Stargate" through SoftBank's subsidiary SBEnergy [1] Group 1: Investment Details - The total investment of $1 billion will be used to develop an AI infrastructure platform [1] - SBEnergy will construct and operate a 1.2 gigawatt data center in Miram County, Texas, expected to be operational by 2026 [1] - The construction phase of the project is anticipated to create thousands of jobs in the construction industry [1] Group 2: Partnership and Future Plans - A priority partnership has been established among the three parties to create a new model for data center construction [1] - SBEnergy has secured $800 million in redeemable preferred equity from Ares, which will support the development of multiple gigawatt-scale parks [1] - The initiative aims to reserve capacity for OpenAI's future computing needs [1]