DeepSeek's $15 billion financing will be used for a 1GW data center in Ulanqab, Inner Mongolia
According to 36Kr, DeepSeek's $15 billion financing will be used to build a 1GW data center in Ulanqab, Inner Mongolia, equipped with at least 160,000 Huawei Ascend 950DT chips. Ulanqab's low-cost renewable energy is key to controlling the facility's high operating costs. CATL added $1.4 billion in this round to establish its role as a supplier of complete energy solutions including energy storage, direct green power connection and grid interfaces.
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This information pins DeepSeek's financing destination to a specific data center site, chip model and energy supporting facilities, so readers can understand the investment structure of computing infrastructure.
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According to 36Kr, DeepSeek's massive $15 billion funding round is earmarked for a 1GW data center in Ulanqab, Inner Mongolia, powered by at least 160,000 Huawei Ascend 950DT chips.
Because a facility of this scale requires immense power, Ulanqab's cheap renewable energy is essential to control its heavy operational expenses.
Meanwhile, CATL reported an additional $1.4 billion top-up in this round so that it can secure its role as a key provider of a complete energy solution, including energy storage, direct green power connection, and power grid interface.
Consequently, China's domestic AI race has gradually shifted from "who builds the best model?" to "who builds the data center first?"