VNET Secures Major 40MW Order for New Gu'an IDC Campus in Beijing Area

VNET Secures Major 40MW Order for Newly Established Gu'an IDC Campus

VNET Group, Inc. (NASDAQ: VNET), a preeminent provider of carrier- and cloud-neutral internet data center services in China, proudly announces the acquisition of a substantial 40MW wholesale order from a leading internet company. This strategic deal centers on VNET's new IDC Campus located in Gu'an, a pivotal area within the Greater Beijing region.

In official statements, Josh Sheng Chen, the Founder and Executive Chairperson of VNET, articulated the significance of this order. He emphasized the company's commitment to delivering tailored services that resonate with the customer’s distinctive requirements. "This order underscores our strong execution and ability to attract leading customers in a competitive market," said Chen.

To meet the specific demands of the new contract, VNET plans to roll out the capacity in phases, ensuring that the client's core business is supported by top-notch IDC services. Notably, VNET aims to facilitate the deployment of domestic chips crucial for their operations, reflecting the increasing demand for sophisticated computing solutions. As such, the domestic chip sector is seen as a pivotal growth driver for VNET's IDC business, especially against the backdrop of evolving market dynamics.

Moreover, the company is dedicated to implementing cutting-edge liquid cooling solutions for this installation. These advanced systems promise optimal heat absorption and dissipation capabilities, significantly reducing energy consumption while augmenting power utilization efficiency and productivity. This commitment not only aligns with sustainability goals but also aims for the project's annual average power usage effectiveness (PUE) to outshine regional benchmarks.

The Gu'an IDC Campus itself is a considerable facility designed to cater to the surging demand driven by advancements in AI and high-performance computing. Located strategically in Langfang City, merely 51.4 kilometers south of downtown Beijing, it benefits from geographical advantages and excellent transport links. This prime position allows VNET to alleviate computing demand pressures from Beijing’s leading internet firms while simultaneously offering local businesses state-of-the-art digital infrastructure services to foster their digital growth.

This initiative is anticipated to empower the digital economy within the Beijing-Tianjin-Hebei region, facilitating a robust ecosystem for technological innovation.

VNET Group, Inc. stands as a notable force in the internet data center landscape of China, providing reliable and efficient hosting services along with cloud-based solutions and business VPN services. With operations spanning over 30 cities, the company boasts a loyal clientele consisting of more than 7,000 enterprise customers from a diverse range of industries, including government institutions, blue-chip corporations, and small to medium enterprises.

The recent order not only indicates VNET's strategic growth but also reaffirms its position as a key player capable of addressing the complexities of a rapidly changing technology environment. This development is poised to deliver strategic advantages that will drive future growth and solidify VNET's status in the competitive marketplace. Furthermore, as the sector evolves, VNET appears well-positioned to adapt, innovate and lead within the internet services ecosystem of China.