HK Stock Market Move | PHANCY (06682) rises more than 7% and announces the launch of a lobster farm, following an increase in the purchase of computing power resources.

PHANCY (06682) rose more than 7%, as of the time of writing, it increased by 7.28% to 38.9 Hong Kong dollars, with a trading volume of 135 million Hong Kong dollars. On the news front, on May 7th, PHANCY announced the launch of PhanClaw Farm, a cloud productivity platform for the AI Agent era. At the end of last month, the company issued a statement stating its plans to purchase GPU servers and related accessories for a total price of 400 million RMB. These servers can be used for model inference and training, and will be used for API services to meet the rapidly growing demand for API calls in the market. The company stated that the expansion of computing power reflects its long-term layout of computing resources, and Phancy will continue to increase investment and steadily expand its computing infrastructure to match and support the high-speed growth demand of its API business in the future, helping the company seize the development opportunities in the Token industry.