Two engines, one green-compute operator.
A national-grade heavy-asset AI IDC base pairs with a global asset-light hotel-edge fleet — both stitched together by one scheduler, one compliance fabric, and one REITs-anchored capital loop.
Heavy-asset national AI IDC base
Seven T4-grade liquid-cooled parks across Jing-Jin-Ji and the Greater Bay, 470 MW of IT capacity, ≈RMB 14.28B planned invest.
- Design PUE
- ≤ 1.15
- Beijing rack rent
- ¥8k–12k / rack
- Guangdong rack rent
- ¥5k–8k / rack
- Target occupancy Y3
- ≥ 70%
- ◇75% — 3–5yr GPU / rack long-lease to hyperscalers & foundation-model labs
- ◇12% — Green-power premium, carbon assets, green-certificate trading
- ◇8% — Scheduler platform fees & bespoke industry compute solutions
- ◇5% — Local new-infra & liquid-cooling equipment subsidies
Asset-light global hotel-edge compute
No new build. Reuse idle back-of-house server rooms and in-room GPUs across chain & e-sports hotels worldwide; scheduled on off-peak power, released the moment a guest checks in.
- Capex per node
- Micro-liquid retrofit only
- Node types
- BoH racks · In-room GPU
- Model A revenue split
- 50 / 50
- Model B revenue split
- Hotel 70 / Aether 30
- ◇Time-sliced GPU rental for global indie AI teams & render studios
- ◇Cloud-esports tech-service fee inside partner hotels
- ◇Local government & enterprise low-latency inference orders
- ◇Time-of-use green-power incentives across grids
Core IDC vs. Aether Edge — pick your lens.
Edge nodes recycle capex through hotel co-invest and time-sliced GPU rental.
Build → Operate → Securitize → Redeploy.
- STAGE 1Build30% equity · 45% project loan · 15% compute special bond · 10% strategic / REITs reserve.
- STAGE 2OperateRack-up ramp to ≥70% by Y3, delivering steady NOI cashflow.
- STAGE 3SecuritizeMature IDCs & scaled edge assets packaged into infra-REITs; original investors exit via premium + dividends.
- STAGE 4RedeployREIT proceeds fund the next wave of overseas nodes — a permanent expansion flywheel.
Core IDCs absorb long-cycle bulk orders; hotel edge absorbs fragmented elastic demand. Loads offset naturally.
IDCs provide durable cashflow; edge scales globally without land or civil-works capex.
GPU lease + scheduler SaaS + liquid-cooling licensing + carbon assets — four independent income lines.
Long-lease anchor tenant, hotel partnership, or capital participation — we tailor the entry point.
Business model questions
Core IDCs deliver stable long-lease NOI that anchors REIT securitization; the hotel edge network scales globally without land or civil-works capex and absorbs fragmented, latency-sensitive demand. The two loads are naturally complementary and share one scheduler.
Build → Operate → Securitize → Redeploy. Mature parks and stabilized edge portfolios are packaged into infrastructure REITs; original investors exit through equity premium and dividends, and REIT proceeds fund the next wave of nodes — a permanent expansion flywheel.
Core IDC targets 10–14% project IRR with a 6–8 year payback and ≥70% rack utilization by Year 3. Aether Edge targets 20–28% IRR with a 12–18 month per-project payback thanks to micro-capex and rapid time-sliced GPU rental.
Core IDC: ~75% long-lease GPU/rack, 12% green premium and carbon assets, 8% scheduler and bespoke solutions, 5% new-infra subsidies. Aether Edge: ~45% time-sliced GPU rental, 25% cloud-esports service fee, 20% local low-latency inference, 10% green-power incentives.
One control plane routes workloads across Cloud (Core IDC), Fog (hotel BoH) and Edge (in-room GPU) tiers based on latency, cost and data-residency policy — with a unified audit trail that satisfies PIPL, GDPR and regional data-boundary requirements.