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Yuanjing Star River Base 120MW completed in one year, with a cost of about one-fifth of similar projects in the United States

After a field visit to the Yuanjing Star River base in Ulanqab, Inner Mongolia, the American semiconductor research organization SemiAnalysis stated that the construction cost of this Chinese AI data center park may be only one-fifth of similar projects in the United States. The first phase of the Star River base, with a capacity of 120MW, was completed and delivered in less than a year. On August 6 of this year, the infrastructure for the first phase was completed, and the wind power and energy storage company Yuanjing Technology announced that the base officially commenced production. After nearly three months of electromechanical debugging and deployment of computing power equipment, the first phase of the approximately 200MW project was fully delivered to customers by the end of October.The entire park is planned to reach an IT power supply capacity of 800MW by the end of 2027, comparable to the approximately 820MW planned for OpenAI's Stargate Abilene core park, which is expected to reach this scale by the end of 2026. Stargate is a data center construction plan covering multiple states, with an initial goal of implementing 10GW of AI infrastructure capacity in the United States by 2029. In April of this year, OpenAI announced that it had secured over 10GW of planned capacity ahead of schedule, but these data centers have not all been completed and put into operation.Yuanjing Technology integrates power generation, energy storage, power supply, and data center construction, having built two wind farms with a total installed capacity of 420MW and supporting battery storage, aiming for over 60% of the electricity used by the first two phases of the data center to come from its own wind power. In contrast, the American Stargate Abilene park mainly relies on the grid and on-site gas-fired power generation facilities for electricity. Yuanjing has already operated an 800V high-voltage direct current system in a 5MW machine room, directly converting 10kV alternating current into the direct current required for server cabinets. The park also employs a cooling design that does not require central chilled water units, allowing liquid-cooled and air-cooled servers to share a single water circulation system.

Trump stated that it is highly unlikely to restart strikes against Iran, but mentioned that the U.S. military is prepared for battle

According to Jinshi Data, during a telephone interview with CNN on Sunday local time, U.S. President Trump stated that as long as progress is made in negotiations regarding the Iranian nuclear issue and the reopening of the Strait of Hormuz, it is "extremely unlikely" that the U.S. will take military action against Iran again. He reiterated this judgment five times during the approximately 20-minute interview and stated that whether to take military action depends on whether Iran signs a very tough agreement.Trump also mentioned that the U.S. military is prepared for action. He stated that there are three aircraft carriers on standby in the Middle East, one of which has just arrived, and all are in a state of readiness. He also disclosed that power plants and 38 bridges have been listed as potential strike targets, stating that these bridges could be destroyed in about an hour, but he prefers to avoid destroying related infrastructure.Trump further stated that Iran's air defense equipment has been destroyed, and currently, only about 10% of its missile production capacity and about 15% of its drone production capacity remain. He also mentioned that Iran's inflation rate has reached 301% this year and stated that reaching an agreement remains a priority option, suggesting that further military action is most likely unnecessary.

first_img The United States sanctioned 8 Canadian currency exchange companies, accusing them of facilitating Iran's evasion of sanctions

The U.S. Department of the Treasury has imposed financial sanctions on eight Canadian currency service companies, stating that these companies have business dealings with sanctioned Iranian entities. The Treasury Department's statement indicated that the aforementioned companies facilitate the exchange of Iranian rials and other currencies and digital assets, enabling them to conduct international transactions. The related sanctions will isolate these companies from the U.S. dollar financial system.The U.S. Treasury stated that these businesses handle transactions for sanctioned Iranian digital asset exchanges and digital asset addresses associated with the Iranian Islamic Revolutionary Guard Corps. Treasury Secretary Scott Bessent stated that Canada cannot become a haven for illegal financial practitioners providing sanction evasion services to the Iranian regime and its proxies, and the Treasury will pursue and cut off financial channels for the Iranian regime globally. This action was coordinated with Canada's financial intelligence agency FINTRAC, as some sanctioned entities have attempted to evade scrutiny by changing their names and addresses.On the same day, the U.S. "Rewards for Justice" program offered a reward of up to $20 million and possible relocation arrangements for information regarding Iran's nuclear program, including its facilities, equipment, and personnel. The statement noted that Iran has not complied with the International Atomic Energy Agency's safeguards oversight, resulting in the agency losing "knowledge continuity" regarding Iran's production of enriched uranium and centrifuge components.
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