WuBlockchain’s WhiteLine Daily rounded up several AI and infrastructure developments spanning fundraising, IPO filings, private market valuations and power equipment delivery.
DeepSeek said to be nearing a financing round of at least CNY 80 billion
Bloomberg, citing people familiar with the matter, reported that DeepSeek is close to completing a new funding round worth at least CNY 80 billion. Tencent and CATL were described as being among the investors that committed the largest amounts.
According to the report, DeepSeek had originally planned to raise about CNY 50 billion, but investor demand came in above expectations. Based on terms already signed, the final amount could approach CNY 100 billion, though those terms may still change in the final stage of negotiations.
Bloomberg also said DeepSeek plans to deploy at least 160,000 Huawei AI accelerator chips at a data center project in Inner Mongolia. Tencent and DeepSeek did not respond to requests for comment, while CATL declined to comment. The financing has not been formally announced as completed.
WhiteLine Daily said that if the round closes, DeepSeek would secure more capital than originally planned, giving it greater room to fund large-scale computing deployment and continued model development.
DayOne files for a U.S. IPO, first-half revenue up 238%
DayOne, a Singapore-headquartered data center operator, has submitted registration documents for a U.S. IPO and plans to list on Nasdaq under the ticker DODC. The number of shares to be offered and the expected price range have not been determined.
The company provides colocation space, power, cooling and network connectivity services to cloud computing and AI clients, mainly through long-term contracts. Revenue for the first half of 2026 reached $512 million, up 238% from a year earlier. The increase was mainly driven by delivered data center capacity in Johor, Malaysia, Batam, Indonesia, and Thailand.
Net loss for the same period was about $77.2 million, compared with about $12.6 million a year earlier. Selling, general and administrative expenses in the latest period included a one-time $62 million service agreement termination fee and $38 million in share-based compensation expense.
DayOne said it plans to use proceeds from the IPO for new data center projects, working capital and other general corporate purposes.
WhiteLine Daily said the delivered capacity has already lifted revenue, but the latest period’s loss was heavily affected by the contract termination fee and share-based compensation. Its longer-term return profile will depend on recurring costs and the pace of continued expansion.
Moonshot reportedly completes final private round before listing at a $50 billion valuation
Bloomberg, again citing people familiar with the matter, reported that Moonshot, the developer behind the Kimi large language model, has completed its final private financing round before a listing at a valuation of about $50 billion. The company is said to be moving toward a Hong Kong IPO in the first quarter of 2027 and is considering raising as much as $5 billion through the offering.
The report said Moonshot has started preparations for investor education and could begin preliminary talks as early as this month to gauge market demand.
Bloomberg also reported that Moonshot’s annual recurring revenue, or ARR, is currently about $1 billion and is expected to rise to $2 billion by year-end. The digest noted that ARR is an annualized metric rather than realized full-year revenue, and the year-end figure remains a projection.
Discussions around the listing are still ongoing and the timetable could change. The company has not responded to requests for comment.
WhiteLine Daily noted that, based on the figures in the report, the $50 billion valuation is about 50 times current ARR. Whether the expected revenue growth is achieved will shape how public markets view that valuation.
Doosan ships its first 380 MW gas turbine to the U.S. for SpaceXAI
South Korean energy equipment company Doosan said it completed production of an S2 380 MW gas turbine for U.S. AI company SpaceXAI and held a shipment ceremony at its Changwon headquarters.
The company said this marks the first export to the U.S. of a gas turbine developed in-house by Doosan. The unit, model DGT6-300H, will be used in SpaceXAI’s energy infrastructure project in the United States. A 380 MW turbine is equal to 380,000 kilowatts, placing it in the category of large-scale power generation equipment.
Doosan said the equipment meets the technical specifications required by large global technology companies and that it plans to use this shipment as a basis to expand its large gas turbine business in North America and other global markets. The announcement covered completion of manufacturing and shipment only. The installation and start-up schedule has not been disclosed.
WhiteLine Daily said SpaceXAI’s equipment procurement has now moved into the shipment stage, while actual power delivery will depend on the progress of installation, commissioning and related supporting facilities.
Main thread of the day
WhiteLine Daily concluded that AI companies and data center operators are still moving ahead with fundraising and listing plans, while power equipment orders are entering the delivery phase. Capital formation and infrastructure buildout are advancing in parallel. The eventual return will depend on whether equipment and projects can turn into usable computing capacity on schedule, whether model demand can keep converting into revenue, and whether new revenue can cover R&D, depreciation and financing costs.