A Chinese data center operator wants to borrow HK$20 billion, roughly $2.6 billion, to build what would become Hong Kong’s largest computing facility. Range Intelligent Computing Technology Group Co., listed on the Shenzhen stock exchange, is in early-stage discussions with banks to secure a one-year loan for the project.
The total estimated investment for the development sits at around HK$23.8 billion, or approximately $3 billion.
What’s actually being built
The project centers on the Sandy Ridge Supercomputing Hub, located in Hong Kong’s northern New Territories. Range Intelligent won the bid for the site, which falls within the emerging Northern Metropolis area, a sprawling urban development zone that Hong Kong’s government has been positioning as a future technology corridor.
The company has secured a land lease covering 116,365 square meters with a 50-year tenure.
