Inner Mongolia

Inner Mongoli

2026-09-30 07:18:21

Inner Mongolia police probe crypto laundering case tied to nearly 1,000 accounts

Police in Baotou, Inner Mongolia, have investigated a cryptocurrency money laundering case in which a criminal group allegedly lured ordinary users with offers of "free credit card repayment advances" and used their accounts to receive illicit funds. According to the report cited by BlockBeats on Sept. 30, the funds were linked to overseas gambling and telecom fraud, routed through fake consumption transactions, then exchanged into cryptocurrency by over-the-counter dealers and sent to designated offshore addresses. Police said they identified nearly 1,000 accounts connected to the case through analysis of fund flows and on-chain data. People involved in the case were located across Inner Mongolia, Shandong, Jiangsu, Hebei and Chongqing. Investigators found that seven members of the group had illegally engaged in payment and settlement business without approval from relevant state authorities. They were convicted of illegal business operations and sentenced to prison terms ranging from one year and two months to two years and six months, along with fines. The Digital Currency Research Institute of the People’s Bank of China said it is using large-model technology to trace crypto-related fund flows, reconstruct transaction patterns and identify criminal leads.

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DeepSeek

2026-09-21 11:16:54

DeepSeek plans large-scale Huawei Ascend AI chip deployment at Inner Mongolia data center

Chinese artificial intelligence company DeepSeek plans to deploy Huawei Ascend AI chips at scale at its data center in Inner Mongolia to support training for its large models, according to Techub News, which cited Crypto Briefing. The move centers on computing infrastructure tied to model development. Techub said the planned deployment is being seen as a key step in China’s push for greater self-reliance in AI technology. The report also framed it as part of a broader effort to challenge U.S. dominance and reshape global supply chains. No additional details on deployment size or timeline were disclosed in the brief.

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AI computing

2026-09-08 07:03:50

China's AI Computing Power Map Redrawn: Over Half of New Data Center Projects Head North and Northwest

According to BloombergNEF, more than half of China's new data center projects under construction or in planning are concentrated in the northern and northwestern regions, including Inner Mongolia. By 2028, these areas are expected to surpass traditional hubs like Beijing and Shanghai as the largest computing power supply region. By 2030, they will account for about one-third of the country's total operational data center IT capacity. The shift is driven by cheaper land and electricity, as well as cooler climates suitable for cooling. AI companies such as DeepSeek and Zhipu are building large data centers there. However, not all computing power will relocate westward. Latency-sensitive tasks like autonomous driving will remain close to eastern users, while training and cloud storage favor the west.

970

Computing Pow

2026-09-04 09:22:29

Bank of China Inner Mongolia Issues First 'Computing Power Token Loan' with Innovative Credit System

Bank of China's Inner Mongolia branch has issued the region's first 'Computing Power Token Loan' to the Horinger New Area, incorporating token usage scale, computing power orders, core tech qualifications, and R&D capabilities into credit evaluation while reducing reliance on traditional collateral. Hohhot's computing power capacity reaches 150,000 P, with 146,000 P from intelligent computing, leading the nation in green computing index. Local authorities are also promoting 'computing loans', medium- to long-term tech renovation loans, and 'computing chain insurance' to support data centers and heavy-asset projects.

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Inner Mongoli

2026-08-23 13:54:45

Ulanqab’s planned 12.5GW AI data center buildout tops OpenAI’s Stargate on announced capacity

Inner Mongolia’s Ulanqab is emerging as one of China’s key AI data center hubs, according to a WIRED report cited by ABMedia. Goldman Sachs research cited in the report says nearly 100 data centers have either opened or entered construction there since 2016, with Chinese companies committing projects totaling an estimated 12.5 gigawatts of capacity. More than 70% of that planned buildout was announced in the past year. That announced capacity exceeds OpenAI’s Stargate on a like-for-like basis. OpenAI has outlined Stargate as a long-term project with total planned investment of $500 billion and about 10GW of capacity once fully built. On that comparison, Ulanqab’s 12.5GW is roughly one-quarter higher. The report says DeepSeek, ByteDance, Alibaba and Xiaohongshu are all putting data center infrastructure into the region. It attributes Ulanqab’s rise to three factors: lower power costs, naturally cold weather that can cut cooling demand, and proximity to Beijing. After two dedicated fiber links were built in 2017 and 2019, average network latency reportedly fell below 5 milliseconds, making the city suitable not only for AI training workloads but also for inference tasks that need real-time data exchange.

1430

Policy Regula

2026-07-25 04:21:48

Inner Mongolia court upholds sentence in illegal business case involving USDT commissions

An intermediate court in Xilin Gol League, Inner Mongolia, has upheld the original ruling in a criminal case involving Ma, who was convicted of illegal business operations, according to a report cited by ChainCatcher from The Paper. The case is described as one of a series tied to fourth-party payment platforms that provided fund payment and settlement services for gambling platforms. Court findings said that between May 24, 2022 and Oct. 18, 2023, Ma and four others handled illegal fund collection and payouts through third-party payment accounts. Part of the settlement process involved virtual wallets used to receive USDT and bank-card transfers, while some defendants were accused of taking commissions or rebates in the form of USDT and other virtual currencies. The court said the operation used 105 merchants across 10 third-party payment companies and processed more than 2.95 billion yuan in settlement value. Ma was sentenced to four years and six months in prison and fined 3 million yuan. Five defendants who were arrested later were also convicted of illegal business operations and received prison terms ranging from three to six years.

1910

Ebang Interna

2026-06-12 05:49:08

Ebang International Unit Wins Industrial Land in Inner Mongolia for New Materials Base

Nasdaq-listed crypto mining company Ebang International said its subsidiary has won an industrial land parcel in Xinghe County, Ulanqab, Inner Mongolia, where it plans to build a production base for high-efficiency amorphous and nanocrystalline new materials.

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