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According to the latest announcement, the computing power service order previously signed by Xingyun Technology not only ushered in additional orders and price increases, but also a change in the charging model — adding a “fixed service fee related to token revenue.” The reporter combed through and found that since this year, more than 10 listed companies, including Runjian Co., Ltd., Hongxin Electronics, Xingyun Technology, Chaoxun Technology, and Nanwei Software, have announced that they are exploring the “Token Factory” business. “Currently, the computing power industry has ushered in a major change in the business model. It has begun to shift from 'stack hardware' to 'selling token', that is, evolving from renting by hardware to delivering per token, and exploring a new model of 'token factory'.” On July 30, a person in the computing power industry told reporters that this meant that the computing power industry's competitive focus was shifting from “owning a GPU” to TaaS, and the business model was upgraded from “selling resources” to “selling services.”

Zhitongcaijing·07/30/2026 23:25:06
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According to the latest announcement, the computing power service order previously signed by Xingyun Technology not only ushered in additional orders and price increases, but also a change in the charging model — adding a “fixed service fee related to token revenue.” The reporter combed through and found that since this year, more than 10 listed companies, including Runjian Co., Ltd., Hongxin Electronics, Xingyun Technology, Chaoxun Technology, and Nanwei Software, have announced that they are exploring the “Token Factory” business. “Currently, the computing power industry has ushered in a major change in the business model. It has begun to shift from 'stack hardware' to 'selling token', that is, evolving from renting by hardware to delivering per token, and exploring a new model of 'token factory'.” On July 30, a person in the computing power industry told reporters that this meant that the computing power industry's competitive focus was shifting from “owning a GPU” to TaaS, and the business model was upgraded from “selling resources” to “selling services.”