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Yakang Co., Ltd.: Subsidiary Signs RMB 922 Million Computing Power Leasing Agreement

MarsBitNews
Mars Finance reported that YaKang Shares (301085.SZ) announced that its subsidiary, Beijing YaKang Intelligent Computing Technology Co., Ltd., signed a Computing Power Leasing Agreement with Supplier B to lease computing power resources, with a tax-inclusive amount of RMB 922 million and a lease term of 60 months. The performance of the contract is conducive to the development of the company’s related businesses and does not constitute a related-party transaction or a major asset restructuring. (CLS)
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PhishGuardian
· 2 hours ago
60 months is five years. Who can say whether AI training demand will stay hot for five years? This contract term is a bit of a bet on the future.
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HODLFarmer
· 2 hours ago
As long as it does not constitute a connected transaction. Some companies previously got on regulators’ radar for moving assets from one hand to the other, but Yakan is doing business properly in this case.
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MinerBuddy
· 3 hours ago
Yakang Shares’ move is quite typical: using an asset-light model for computing power leasing, without having to spend its own money building data centers, significantly reducing cash flow pressure.
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RiskAvoider
· 3 hours ago
$922 million for a 60-month lease works out to a monthly average rent that isn’t outrageous, but the computing-power leasing sector is now fiercely competitive. Whether YAKANG can make this deal work will depend on subsequent customer signings.
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CurveWarVet
· 3 hours ago
Who is Supplier B that signed such a huge computing power leasing agreement? If the announcement didn’t disclose it, I’m a bit curious—could it be some major tech company?
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