Domestic Computing Power Electricity Usage Surges, Jiangsu Changshu's Computing Power Consumption Exceeds Air Conditioning
Summary
According to CCTV Finance, total electricity consumption exceeded 1 trillion kWh again in July, with internet data services consumption up 40% year-on-year, making computing power a major new source of electricity demand. An intelligent computing center in Changshu, Jiangsu saw its peak load in August rise over 70% from last year, reaching 200,000 kW, about 4.1% of the city's total load, contributing nearly half of the city's load increase. By 2030, data center electricity consumption in China is expected to surge to 800 billion kWh.
Bubble analysis
This news shows China's computing infrastructure electricity usage is surging, indicating massive capital investment in computing power, but it does not mention whether the revenue from this computing power matches. This potential gap between investment and revenue is a core argument for the bubble thesis.
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