Range Intelligent seeks $3B for Hong Kong's largest data center
In brief
- Range Intelligent seeks HK$20 billion (~$2.6B) financing for Hong Kong's largest data center project
- Sandy Ridge Supercomputing Hub spans 116,365 sq meters with 50-year land lease in Northern Metropolis
- Total project investment estimated at HK$23.8 billion (~$3B), financing in preliminary discussions
Financing Structure
Range Intelligent is weighing two primary financing structures: a syndicated loan where multiple banks pool resources, or bilateral agreements with individual banking institutions. The discussions remain at the preliminary stage and involve traditional banking channels only—no crypto tokens or digital assets.
The company's total estimated investment sits at approximately HK$23.8 billion, or roughly $3 billion. One-year loan structures of that size typically serve as bridge financing, suggesting Range Intelligent plans to refinance into longer-term debt or secure additional funding sources once the project reaches certain milestones.
Strategic Significance
The Sandy Ridge Supercomputing Hub marks one of the first considerable private-sector investments in the Northern Metropolis area. Hong Kong's government has positioned this zone as a tech and innovation hub, and the data center project aligns with broader regional development goals.
Converting the 116,365 square meter land grant into a functioning supercomputing hub requires navigating construction timelines, securing power supply agreements, and landing anchor tenants while servicing billions in debt. These operational complexities sit alongside the capital-raising challenge.
