PartnershipJun 22, 2026, 10:01 AM
CIMG Subsidiary Secures $442M Computing Power Center Contract
AI Summary
CIMG Inc.'s wholly-owned subsidiary, Zhongyan Shangyue Technology Co., Ltd., entered into a framework contract with Zhongshishun Technology (Beijing) Co., Ltd. for the construction and operation of a computing power center project in Beijing, China. The contract has a potential value of up to $442 million over a two-year period, with Zhongyan Shangyue providing comprehensive services including equipment supply and maintenance. However, the implementation and realization of the full potential contract value are subject to further definitive agreements and conditions.
Key Highlights
- CIMG's subsidiary, Zhongyan Shangyue, signed a framework contract.
- The contract is with Zhongshishun Technology for a computing power center project.
- The potential contract value is up to $442 million, inclusive of tax.
- The contract period is for two years.
- Zhongyan Shangyue will provide comprehensive services including equipment and maintenance.
- Equipment includes NVIDIA H100/H200 GPUs and Inspur high-performance servers.
- The framework contract is subject to further definitive agreements and conditions.
- CEO stated the deal will generate revenue, increase profitability, and diversify business.
Price Impact
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