Investors & Capital

A REITs-anchored capital loop for global green AI compute.

Aether's balance sheet blends equity, project-secured lending, compute special-purpose bonds and strategic capital — stabilized by long-lease NOI and recycled through infrastructure REITs into the next wave of sovereign compute.

Construction-phase funding mix

Four-layer capital stack, phased 2026–2029.

30%
Group equity
First-loss capital anchoring every park.
45%
Project loan
Secured against long-term rack lease receivables.
15%
Compute special bond
Local government-backed new-infra instrument.
10%
Strategic / REITs reserve
Strategic industry LPs & pre-REITs warehouse capital.
2026 · 2029
Short-term — Build the base

Deliver 470 MW across seven domestic parks; pilot & scale hotel-edge nodes across APAC.

  • 7 T4 liquid-cooled parks online
  • Edge fleet crosses 1,500 hotels
2030 · 2033
Mid-term — Securitize & expand

Batch-issue infra-REITs on mature parks; extend into Southeast Asia and Europe.

  • First public REIT listing
  • Overseas IDC hubs in ID / DE
2034+
Long-term — Global operator

A worldwide layered green-compute network compounding through recurring securitization.

  • Top-tier global compute infra brand
  • Perpetual REITs flywheel
Operating cashflow anchors

Stabilized NOI by Year 3

Y3 occupancy
≥ 70%
Anchor tenure
3–5 yr long-lease
IT capacity
470 MW
Planned invest
≈ ¥14.28B
Other capital channels

Beyond REITs

  • 01Cross-border IDC M&A into mature overseas assets
  • 02Equity transfers of stabilized global compute portfolios
  • 03Co-investment with sovereign wealth funds & cross-border investment banks
Request the investor deck

Under NDA: park-level financials, tenant pipeline, REIT roadmap and Aether Edge unit economics.

Contact Investor Relations
Investor data room

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Full data room (park financials, tenant pipeline, rating memos) is available under NDA — contact Investor Relations.

FAQ

Investor questions

  • 470 MW of IT capacity across seven T4-grade liquid-cooled AI IDCs in Jing-Jin-Ji and the Greater Bay, with total filed investment of approximately RMB 14.28 billion. In parallel, 250,000 hotel fog sites and 5 million in-room edge GPUs form the asset-light global layer.

  • 30% equity, 45% project loan, 15% compute special bond, 10% strategic / REITs reserve. The mix is calibrated per park to preserve REIT eligibility and rating-agency comfort.

  • Targeted in the medium-term window (2029–2033) once the first tranche of parks reaches ≥70% stabilized occupancy and 24 months of audited NOI. Pre-REIT private placements begin earlier as parks mature.

  • Dual-track topology (Cloud + Fog + Edge) diversifies demand across hyperscalers, foundation-model labs, indie AI teams, cloud-esports and local government inference. Five independent revenue lines and a global compliance fabric reduce single-tenant and single-jurisdiction concentration.

  • Yes — including cross-border IDC M&A into mature overseas assets, equity transfers of stabilized global compute portfolios, and co-investment with sovereign wealth funds and cross-border investment banks. Contact Investor Relations for the NDA data room.