Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
U.S. Stocks
CFD
U.S. stock CFD derivatives
Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
GUSD
Mint GUSD for Treasury RWA yields
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
Gate Card
Rewards
Square
Latest
Hot
News
Profile

Changxin Technology: Subsidiary plans to purchase computing servers not exceeding 3 billion yuan

MarsBitNews
Mars Finance News: On May 27, Changxin Technology announced that its subsidiary Changxin Zhishuan plans to purchase servers from multiple suppliers, with a total amount expected not to exceed 3 billion yuan (30 billion yuan). The procurement is mainly to provide customers with computing power services. This transaction does not constitute a major asset restructuring or a related-party transaction. It has been deliberated and approved by the board of directors and does not require submission for consideration by the shareholders’ meeting. The company also noted that its computing power business is still in the initial stage of expansion and faces risks including those related to the market, technology, and funding; in the short term, it may increase financial expenses and affect performance. (Company Announcement)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • 2
  • Share
Comment
Add a comment
Add a comment
GateUser-46033407
· 19h ago
The board of directors can set 3 billion on its own without going through the shareholders’ meeting; this decision-making efficiency is high.
View OriginalReply0
MempoolNomad
· 19h ago
The computing power track is crowded. Is Changxin Technology prepared with enough technical reserves to enter at this time?
View OriginalReply0
MildlyRugged
· 19h ago
Buying servers for 3 billion will definitely drive up financial expenses, and performance pressure is already clear.
View OriginalReply0
TeaAndSlippage
· 19h ago
Changxin Smart Computing's move is a bit interesting, but the announcement repeatedly emphasizes risks, it seems they are not entirely confident either.
View OriginalReply0
SlippageSkeptic
· 19h ago
Traditional manufacturing industry’s transformation into computing power services: 3 billion isn’t a small amount. The risk warning is very down-to-earth—let’s wait and see the actual rollout situation first.
View OriginalReply0

  • Pinned

Sitemap