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Crypto Mining Turns to AI infrastructure Race Between US and China

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  • China has officially launched a 24‑megawatt underwater data center with 2,000 servers.
  • The Shanghai site uses seawater as a natural coolant, hitting a PUE below 1.15.
  • US crypto miners such as Core Scientific are turning their sites into AI data centers.

A new technology race is emerging between the United States and China.

On one hand, China has launched what it calls the world’s first commercial underwater data center powered by offshore wind. On the other hand, US mining giant Core Scientific is accelerating its shift from Bitcoin mining to AI‑focused data centers.

Recent reports say Shanghai Hailanyun Technology, together with China Telecom and local authorities, has officially launched a 24‑megawatt underwater data center about 10 kilometers off Shanghai’s Lingang Special Area.

The project cost approximately $226 million and holds nearly 2,000 serve


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