1GW Super Computing Power Base Lands in Nantong: Dexiang (00199) Opens up New Imagination for Hong Kong Stock AI Infrastructure

1GW is becoming a new threshold for global artificial intelligence infrastructure competition. In the past few years, the focus of AI industry competition has been on chips, models, and algorithms. But as large models enter the stage of scalable training and commercial applications, the market is realizing a more fundamental fact: The truly scarce resources in the AI era are not just GPUs, but the power, land, and computational infrastructure that can support massive GPU operations. This is why the world's top technology companies are now competing around GW-level computational resources. Currently, the companies globally able to enter into this scale of competition are mainly concentrated in artificial intelligence giants, cloud computing giants, and specialized AI infrastructure companies. The information behind this table is very clear: Looking globally, GW-level AI infrastructure has become a new battleground for competition among top technology companies. OpenAI is planning the Stargate project to reach a scale of 10GW; Meta is laying out a 5GW AI data center; CoreWeave is expanding with GW-level AI infrastructure. Together, they demonstrate that the core of future AI competition has shifted from just software and chips to control over energy, computational power, and infrastructure resources. The participants behind these projects are the most capital-strong and industry-influential technology companies globally. DeXiang's planned 1GW green AI computational power center at Yangkou Port is entering this era of GW-level AI infrastructure competition. In the Chinese market, companies like Range Intelligent Computing Technology Group and Qinhuai Data, representing the top computational infrastructure companies, have gradually accumulated GW-level computational resources through years of investment and multi-regional deployment. The uniqueness of DeXiang's Yangkou Port project lies in its planning phase, locking in a capacity of 1GW per IT load, and overlaying advantages such as offshore wind power, green energy systems, LNG cold energy, making it an extremely rare entry point for green AI computational infrastructure. The lead player behind this is a Hong Kong-listed company - ITC PROPERTIES (00199). From global AI giants' competition scale to the green computational power base in the Yangtze River Delta According to ITC PROPERTIES announcement, the company has entered into a memorandum of cooperation with the management committee of Yangkou Port Economic Development Zone, Jiangsu Rudong County, to invest in and construct the Yangkou Port Green Smart Computing Center. The two parties plan to rely on the regional advantages of Yangkou Port to invest in the construction of green artificial intelligence computational power infrastructure, computational power resource operation platform, and related supporting industries. The most attention-grabbing information is the overall planning of the project with an IT load capacity of 1GW. As per the plan, the project will be developed in phases over a period of about five years, following the approach of "overall planning, phased implementation, rolling investment, and market-based operation." The first phase of the project is planned for a green AI computational power center with a capacity of around 200MW. This means that DeXiang's layout this time is not just an ordinary IDC project but is entering a new scale in the emerging global AI infrastructure competition. Because in the AI era, the real challenge is not just buying servers. GPUs can be bought, equipment can be bought. However, an entry point of infrastructure capable of supporting GW-level computational requirements needs to be identified in advance: energy resources, land space, power conditions, policy coordination, and industrial ecology. This is why global GW-level AI infrastructure is primarily controlled by OpenAI, Meta, CoreWeave, and large data center companies. From acquiring land resources in Rudong County to government strategic cooperation, a once-questioned AI blueprint is turning into reality In fact, the value of DeXiang's project this time is not just the number 1GW itself. More importantly, behind this number lies a complete resource system that is taking shape. Previously, when DeXiang acquired 20% of the shares of PYI Investment Holdings Limited, the market focused on a core issue: whether possessing regional land resources could truly be converted into AI infrastructure value? Because the capital market is not short of AI concepts, but what is truly scarce is the platform that can translate AI concepts into energy, land, and industrial infrastructure. The strategic cooperation with the management committee of Yangkou Port Economic Development Zone in Rudong County, NanTong, now reveals a clearer signal. The announcement shows that the scope of cooperation between the two parties includes the investment and construction of green AI computational power infrastructure, computational power resource operation platform, computational power product management, and related customer services, among other things. At the same time, the Yangkou Port Economic Development Zone plans to coordinate and support the project in site selection, land and supporting facilities, energy allocation, grid access, green electricity trading, industrial resource introduction, and government department coordination. For a large-scale project involving GW-level energy allocation and long-term industrial planning, the formal participation of a local industrial platform is an important validation of the project's resource base and implementation certainty. The true value of Yangkou Port: It is not just a data center site selection, but a new type of infrastructure node integrating energy and AI fusion Why Yangkou Port? The answer is not just land. The data center competition in the AI era is fundamentally evolving into an energy competition. Whoever has a more stable, greener, and larger-scale energy supply has a better chance of hosting the next generation AI industry. The greatest advantage of Yangkou Port lies in its resource combination necessary for creating green AI infrastructure. The announcement states that the two parties plan to promote the construction of a green energy system, including offshore wind power, photovoltaics, energy storage, green electricity trading, direct green electricity connections, and source-grid-load storage integration. More importantly, the local government will coordinate and support wind power installed capacity exceeding 1GW. This means that in the future, the project will not only have room for computational power expansion but will also have the energy foundation to match large-scale green computational development. In the backdrop of the global AI industry placing increasing emphasis on green energy and carbon efficiency, green electricity capacity is becoming a new competitive barrier for computational infrastructure. LNG cold energy advantage, giving Yangkou Port an imaginative space that other computational bases find hard to replicate In addition to green electricity, Yangkou Port has special advantages in energy industries, with the largest offshore LNG (liquefied natural gas) energy island in the country - the Yangkou Port Sunshine Island, housing the largest cluster of offshore liquefied natural gas receiving stations. LNG releases a large amount of cold energy during storage and gasification. In the past, this cold energy was more of an ancillary resource in the energy industry chain. However, with the increasing demand for efficient cooling in AI data centers, LNG cold energy is showing new industrial value. DeXiang's announcement clearly states that they will study the use of Yangkou Port's LNG receiving station cold energy resources for the data center's cooling system. This means that Yangkou Port is not just exploring the construction of a simple data center but is delving into the deep integration of energy infrastructure with AI computing infrastructure. This model connects green energy, energy efficiency, and computational demand, aligning with the future direction of next-generation AI infrastructure development. The true value behind 1GW: DeXiang is not just acquiring a computational center but a foundation for NeoCloud What the market needs to understand again is that the value of a 1GW green AI computational power base is not limited to building a large data center. It represents a scarce infrastructure asset. Why do only a few companies globally enter into GW-level competition? Because what is truly scarce is the ability to support GW-level computational demands with an energy system, land resources, and industrial coordination capability. This is also the biggest difference between AI infrastructure and traditional IDC. Traditional IDCs focus more on "storage and hosting." However, future AI infrastructure will address large model training, inference services, enterprise-level AI computing, and global computational scheduling. DeXiang's announcement also clearly plans to collaborate on large model training and inference, enterprise-level high-performance computing, cloud computing, data processing, and computational scheduling. This means that the 1GW computational base will provide a key entry point for DeXiang's future development of the NeoCloud platform. The future business model can extend from computational infrastructure construction to computational operations, AI cloud services, and global customer service. In the AI era, the most scarce resource is the capability to organize resources Global AI competition is entering the era of infrastructure. OpenAI is building a 10GW supercomputing system. Meta is laying out a 5GW AI data center. CoreWeave is reevaluating the capital market through computational infrastructure. Chinese large computational companies are building large-scale computational bases through years of accumulation. What DeXiang has obtained this time is an AI infrastructure entry point located in the core area of the Yangtze River Delta, with green energy support and GW-level expansion capability. The significance behind this is not just a project but a company gaining the most scarce capability in the AI era to organize land, power, energy, capital, technology, and industrial requirements. The 1GW green AI computational power base at Yangkou Port officially marks DeXiang's acceleration towards global AI infrastructure and the NeoCloud platform from a traditional asset investment platform.