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.
Four-layer capital stack, phased 2026–2029.
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
Batch-issue infra-REITs on mature parks; extend into Southeast Asia and Europe.
- ▸First public REIT listing
- ▸Overseas IDC hubs in ID / DE
A worldwide layered green-compute network compounding through recurring securitization.
- ▸Top-tier global compute infra brand
- ▸Perpetual REITs flywheel
Stabilized NOI by Year 3
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
Under NDA: park-level financials, tenant pipeline, REIT roadmap and Aether Edge unit economics.
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Full data room (park financials, tenant pipeline, rating memos) is available under NDA — contact Investor Relations.
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.
