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Chaince Digital Holdings Inc. reports developments tied to its digital-finance operating model, including blockchain and digital asset solutions, tokenization infrastructure, AI and high-performance-computing infrastructure, and regulated financial services through Chaince Securities, LLC. The company, formerly Mercurity Fintech Holding Inc., describes its business as connecting traditional capital markets with blockchain technology and digital assets.
Recurring company updates include tokenized investment platform partnerships, institutional digital asset initiatives, private placements and other capital actions, AI data-center and liquid-cooling infrastructure initiatives, corporate presentations, and institutional ownership updates based on public Form 13F disclosures. The company also reports community and market-development activities related to brand and stakeholder relationships.
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On December 7th, Chindata Group won the "Data Center Design Innovation Award" at the DCD Awards in London, marking its second win. The award recognizes the company's hyperscale container prefabricated structure data center in Johor, Malaysia, which has set multiple construction records. This facility features Malaysia's first pre-installed cold-plate liquid cooling module and a power usage efficiency (PUE) below 1.2. Chindata aims to expand its global presence in emerging markets like Malaysia, Thailand, and India while addressing the growing demand for digital computing power in the Asia-Pacific region.
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Chindata Group Holdings Limited (Nasdaq: CD) reported strong financial results for Q3 2022, with revenue reaching RMB1,202.7 million, a 62.4% year-over-year increase. Adjusted EBITDA grew by 66.8% to RMB614.5 million, while GAAP net income surged by 207.4% to RMB241.0 million. The company raised its full-year revenue guidance to between RMB4.33 billion and RMB4.43 billion. Chindata's IT capacity increased to 821MW, and the firm opened a hyperscale data center in India and celebrated the launch of its MY06 project in Malaysia. Innovations led to a total of 400 patents.
Chindata Group Holdings Limited (Nasdaq: CD) reported strong third-quarter 2022 results, with revenue increasing by 62.4% year-over-year to RMB1,202.7 million. Net income rose by 207.4% to RMB241.0 million, achieving a 20.0% net income margin. Adjusted EBITDA surged 66.8% to RMB614.5 million, maintaining a margin of 51.1%. The company also raised its full-year revenue guidance to between RMB4.33 billion and RMB4.43 billion, reflecting sustained demand and operational growth.
Chindata Group Holdings Limited (Nasdaq: CD) is set to announce its unaudited Q3 2022 financial results on November 22, 2022, before markets open. A conference call will occur at 7:00 A.M. ET on the same day to discuss these results. Interested participants must register online to obtain access details for the call. Chindata Group is recognized as a leading carrier-neutral hyperscale data center provider in the Asia-Pacific region, focusing on comprehensive lifecycle solutions for facility planning, investment, design, construction, and operational ecosystem infrastructure.
Chindata Group Holdings Limited (Nasdaq: CD) reported strong financial results for Q2 2022, with revenue of RMB 1,038.1 million, a 51.2% YoY increase, and net income surged by 206.3% YoY to RMB 199.6 million. Adjusted EBITDA rose 60.8% YoY to RMB 544.3 million, marking the eighth consecutive quarter of positive results. The company’s IT capacity grew to 776MW, bolstered by ongoing projects under China's
Chindata Group (Nasdaq: CD) reported strong financial results for Q2 2022, with revenues rising 51.2% YoY to RMB1,038.1 million and net income increasing 206.3% YoY to RMB199.6 million. The company achieved an adjusted EBITDA of RMB544.3 million, up 60.8% YoY, and an adjusted EBITDA margin of 52.4%. Total capacity reached 776MW, a 34.3% YoY increase, and utilized capacity grew 59.6% YoY to 401MW. A $500 million syndicated loan was successfully closed, reaffirming a BBB- credit rating. Full-year revenue guidance indicates a growth of 44.8-48.3%.
On July 29, 2022, Chindata Group unveiled 'X-Cooling,' the world's first waterless cooling technology, in partnership with Vertiv Technology at the China Computing Conference. This innovative solution achieves zero Water Use Efficiency (WUE) and aims to enhance sustainability in data center operations. It utilizes advanced software and hardware coordination to optimize cooling, potentially saving 1.2 million tons of water annually for a 100MW data center. The technology addresses the growing demand for efficient cooling solutions in an increasingly digital world.