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SemiAnalysis: ByteDance accounts for nearly one-fifth of China's data center capacity

The semiconductor research organization SemiAnalysis released a survey on Chinese data centers, tracking over 1,000 facilities from more than 60 operators. The report estimates that by the end of 2026, China's data center capacity will exceed 24GW, second only to the United States' 56GW. ByteDance accounts for nearly one-fifth of this, making it the largest data center tenant in the country.ByteDance has leased over 4GW of data center capacity, with suppliers including Qinhuai Data, China United Network Communications, and Century Internet. The report states that by early 2026, ByteDance will still contribute about 90% of Qinhuai Data's revenue. ByteDance has also begun to accelerate its self-built data centers, constructing large facilities in Shanxi, Anhui, and Inner Mongolia to reduce reliance on external suppliers.The report also mentions that while Chinese data centers have long been considered to have a high vacancy rate, AI server rooms are still in short supply. This is due to many old server rooms lacking sufficient power supply and cooling capabilities, making it difficult to directly deploy high-power AI servers, while newly built large AI data centers are quickly being rented out. For example, a 100MW data center, excluding IT equipment such as servers, has a construction cost of about $300 million in China and about $1.5 billion in the United States, with Chinese facilities of the same scale typically delivered in about 12 months. Compared to the power supply and approval issues faced by the United States, the more prominent bottleneck for expanding AI data centers in China is the supply of advanced chips.

first_img Hyperliquid Policy Center CEO: All exchanges will adopt public chain infrastructure

Hyperliquid Policy Center CEO Jake Chervinsky stated at the Digital Asset Summit 2026 Asia in Singapore that "every exchange," including CME Group and Intercontinental Exchange (ICE), will adopt public chain infrastructure in the next decade to remain competitive. He emphasized that Hyperliquid is not an exchange but an infrastructure available for different participants, comparing it to Bitcoin, Ethereum, and Solana, arguing that there is no reason for public chains to register as exchanges.Chervinsky mentioned that Hyperliquid does not intend to compete with Kalshi, Coinbase, Robinhood, and CME, but rather exists on the next layer of the tech stack, which these institutions can use to improve their products. He anticipates that in ten years, whether it is crypto-native exchanges like Kraken and Coinbase or traditional exchanges like ICE and CME, they will need to integrate this technology to compete. He also pointed out that, aside from regulated perpetual contracts, on-chain markets need to come under U.S. regulatory oversight, which he expects to happen "in the near future."This statement comes in the context of Payward announcing in September plans to deploy a licensed perpetual contract market on Hyperliquid for U.S. customers, with Bitnomial, regulated by the CFTC, responsible for creation and clearing. Previously, Trump announced that the CFTC would compliantly introduce Hyperliquid to the U.S.

first_img Hut 8 won the bid for two data centers in Texas from Poolin for 140 million USD

According to court documents, the Bitcoin mining company Hut 8 has made a bid of $140 million to become the winning bidder for the two data center sites of the bankrupt mining company Poolin located in Texas. The bid includes cash and other considerations, covering Poolin's Pyote and Tarbush sites. The transaction must be approved by the bankruptcy court in New Jersey before it can be completed, with a sale hearing scheduled for September 29.Hut 8's bid is nearly three times the initial bid of $52 million from Thor CALAP, which offered $15 million for the Pyote site and $37 million for the Tarbush site. Additionally, DigiPower X bid $36.5 million for Pyote, while Pecos Industrial Development, designated by the AI infrastructure company Fluidstack, bid $100.5 million for Tarbush. Poolin and its two U.S. affiliates filed for Chapter 11 bankruptcy protection in July after shutting down mining and hosting operations at the Texas sites. Court documents indicate that its debts amount to approximately $173.1 million, of which about $163.7 million are unsecured promissory notes owed to Poolin Wallet users after withdrawals were frozen in 2022.This acquisition will further expand Hut 8's data center footprint. The former Bitcoin mining company is deeply investing in AI infrastructure, with its second-quarter financial report released in August showing a development pipeline of approximately 8.7 gigawatts, an increase of about 300 megawatts quarter-over-quarter.
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