Token Cat Limited Announces Execution of a Master Service Agreement with Better Now New York Inc to Develop a 30MW AI Data Center in the United States

Rhea-AI Summary

Token Cat (Nasdaq: TC) announced a master service agreement with Better Now New York to develop and operate an AI data center in the United States.

The project targets approximately 30 MW of power capacity implemented in phases, with TC currently having access to about 12 MW for initial deployment. TC will join planning, funding, construction support and operations; Better Now will provide local execution, energy coordination and construction services.

Management said the collaboration advances TC’s overseas infrastructure footprint and supports future development amid rising AI computing demand, while the company cautioned results are forward-looking and subject to risks.

Positive

• Master service agreement executed with a U.S. partner
• Project target of 30 MW AI data center capacity
• Immediate access to approximately 12 MW for early-stage deployment
• Partner provides local energy coordination and construction support

Negative

• Planned build is phased, delaying full 30 MW deployment
• Only ~12 MW available initially, limiting near-term scale
• Outcomes are forward-looking and subject to material uncertainty

Key Figures

Planned AI data center capacity 30 MW Target power capacity for U.S. AI data center project under new MSA

Initial available power 12 MW Existing U.S. power capacity to support early-stage AI data center deployment

Crypto asset policy capacity $1 billion Maximum cash reserves allocation to selected crypto assets per Dec 2 policy

Cross-border sales target $1 billion Cumulative overseas sales goal over next three years with Ouyi

Sales cooperation horizon three years Timeframe for achieving $1 billion cross-border sales with Ouyi

AI energy fundraising plan $500 million Potential fundraising capacity for nuclear fission AI energy research

Reverse ADS ratio 1-for-20 Planned change in ADS ratio effective August 29, 2025

Pre-news price change -1.22% 24h move before AI data center announcement

Market Reality Check

$14.62 Last Close

Volume Volume 2,189 is well below the 20-day average of 9,273, suggesting limited pre-news positioning. low

Technical Price at 14.62 is trading slightly below the 200-day MA of 14.86, reflecting a flat-to-soft longer-term trend.

Peers on Argus 1 Up

Peers in Advertising/Communication Services show mixed moves: MCTR +0.65%, ABLV +4.63%, SWAG -9.81%, ACCS -4.89%, FLNT -1.84%, indicating stock-specific rather than sector-driven dynamics for TC.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 02	Crypto allocation policy	Positive	-0.7%	Board-approved policy to allocate up to $1B into selected crypto assets.
Nov 26	Executive appointment	Positive	+0.6%	Appointment of experienced blockchain executive as COO to drive crypto strategy.
Nov 20	Sales cooperation deal	Positive	-5.6%	Strategic agreement targeting $1B cross-border sales over three years.
Nov 14	AI energy fundraising plan	Neutral	-0.7%	U.S. unit authorized to evaluate up to $500M for nuclear fission AI energy research.
Aug 27	Reverse ADS split	Neutral	+16.7%	Plan for 1-for-20 reverse ADS ratio change on Nasdaq listing.

Pattern Detected

Recent strategic and AI/crypto announcements often coincided with modest or negative moves, while the reverse ADS change saw a sharp positive reaction.

Recent Company History

Over the last six months, Token Cat announced several strategic shifts. On Aug 27, it planned a 1-for-20 reverse ADS ratio change, with a +16.7% move. On Nov 14, it authorized evaluating up to $500 million in AI-related nuclear fission funding, with a -0.65% reaction. Subsequent crypto-focused initiatives on Nov 20, Nov 26, and Dec 2 involved up to $1 billion sales or crypto allocations, but price reactions stayed modest to negative. Today’s AI data center plan extends this pivot toward infrastructure-heavy AI and digital asset themes.

Market Pulse Summary

This announcement outlines a concrete expansion into AI infrastructure via a U.S. data center project targeting 30MW of capacity, supported initially by 12MW of available power. It builds on earlier AI- and crypto-focused initiatives involving up to $500 million and $1 billion commitments. Investors may watch for specific build-out milestones, capital structure updates, and any follow-on agreements that clarify timing, funding sources, and profitability of the new facility.

Key Terms

master service agreement financial

"entered into a master service agreement with Better Now"

A master service agreement (MSA) is a framework contract that sets standard terms—such as pricing rules, responsibilities, liability limits and dispute processes—for all future work between two parties, so individual projects only need a short statement of work. For investors, an MSA matters because it creates predictable revenue procedures, reduces deal-making friction, clarifies risk exposure and can speed sales cycles, improving the company’s ability to win and deliver repeat business.

artificial intelligence technical

"development and operation of an artificial intelligence data center project"

Artificial intelligence is the ability of computers and machines to perform tasks that typically require human thinking, such as understanding language, recognizing patterns, or making decisions. For investors, it matters because AI can enhance efficiency, uncover new insights, and enable smarter strategies, potentially impacting the value and performance of companies that develop or utilize this technology.

megawatts (MW) technical

"based on approximately 30 megawatts (MW) of power capacity"

A megawatt (MW) is a unit that measures how much electrical power something can produce or use at a given moment — one megawatt equals one million watts. For investors, MWs are a quick way to compare the size of power plants, solar or wind projects, or industrial electricity demand: more megawatts generally mean greater potential revenue or higher operating costs, much like engine size suggests a car’s capability.

forward-looking statements regulatory

"Certain statements in this announcement are forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

registration statement regulatory

"results may differ materially ... in the Company's registration statement"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

AI-generated analysis. Not financial advice.

Beijing, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Token Cat Limited (Nasdaq: TC) (the “Company” or “TC”) today announced that it has entered into a master service agreement with Better Now New York Inc. (“Better Now”), pursuant to which the two parties will collaborate on the development and operation of an artificial intelligence data center project. This cooperation marks an important step in the Company’s expansion of its overseas data center resource footprint.

Under the terms of the agreement, the parties plan to advance an AI data center project in the United States based on approximately 30 megawatts (MW) of power capacity, to be implemented on a phased basis. As a key condition for the initial stage of the project, TC currently has access to approximately 12 MW of available power capacity in the United States, which is expected to support early-stage deployment and provide a foundation for future expansion.

In this collaboration, TC will participate in the overall project planning and funding arrangements and will provide support for data center construction and subsequent operations. Better Now will leverage its local resources in the United States to assist with project execution, including energy coordination, construction implementation, and related support services. Through a cooperative framework, the two parties aim to advance the project in accordance with the agreed plan.

Company management noted that, with the continued growth of artificial intelligence-related applications, demand for stable and reliable computing infrastructure continues to increase. This collaboration is expected to support the Company’s gradual enhancement of its overseas infrastructure layout and create conditions for future business development.

Mr. Guangsheng Liu, Chief Executive Officer of Token Cat, commented, “Our collaboration with Better Now represents meaningful progress in the Company’s overseas infrastructure initiatives. Leveraging our existing power resources, we intend to steadily advance the development of a 30MW-scale AI data center project while exploring long-term growth opportunities in a disciplined and compliant manner.”

The Company also stated that it will continue to prudently evaluate additional cooperation opportunities related to data centers and associated infrastructure in line with its strategic development objectives.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "assesses," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:
Lydia.hu@tuanche.com 

FAQ

What did Token Cat (TC) announce on December 16, 2025 about an AI data center?

Token Cat announced a master service agreement with Better Now New York to develop a phased 30 MW AI data center in the U.S., with ~12 MW of power available initially.

How much power capacity will Token Cat's (TC) planned U.S. AI data center have?

The project targets approximately 30 MW of power capacity, to be implemented on a phased basis.

What immediate capacity does Token Cat (TC) have for the U.S. project?

Token Cat currently has access to about 12 MW of available power capacity in the United States for initial deployment.

What roles will Token Cat (TC) and Better Now play in the AI data center project?

Token Cat will participate in planning, funding, construction support and operations; Better Now will handle local energy coordination, construction implementation and support services.

Will Token Cat (TC) disclose financial terms of the U.S. AI data center agreement?

The announcement does not disclose financial terms; it describes the master service agreement and project roles without specific monetary figures.

How does the Token Cat (TC) announcement affect its overseas infrastructure strategy?

The company said the collaboration supports gradual enhancement of its overseas infrastructure layout and creates conditions for future business development.