{"id":718,"date":"2025-05-02T00:15:29","date_gmt":"2025-05-01T16:15:29","guid":{"rendered":"http:\/\/www.design-suit.com\/?p=718"},"modified":"2025-05-02T00:15:29","modified_gmt":"2025-05-01T16:15:29","slug":"%e8%b5%84%e9%87%91%e6%b6%8c%e5%85%a5%e4%b8%ad%ef%bc%8c5%e6%9c%88%e5%85%a8%e7%90%83%e4%bc%81%e4%b8%9a%e6%af%94%e7%89%b9%e5%b8%81%e8%b4%ad%e4%b9%b0%e5%a4%a7%e7%9b%98%e7%82%b9-panews","status":"publish","type":"post","link":"http:\/\/www.wancg.com\/?p=718","title":{"rendered":"\u8d44\u91d1\u6d8c\u5165\u4e2d\uff0c5\u6708\u5168\u7403\u4f01\u4e1a\u6bd4\u7279\u5e01\u8d2d\u4e70\u5927\u76d8\u70b9         | PANews"},"content":{"rendered":"<p>\u4f5c\u8005\uff1aOliver\uff0c\u706b\u661f\u8d22\u7ecf<\/p>\n<p>2025 \u5e74 5 \u6708\uff0c\u6bd4\u7279\u5e01\u4f5c\u4e3a\u300c\u6570\u5b57\u9ec4\u91d1\u300d\u7684\u53d9\u4e8b\u6301\u7eed\u5347\u6e29\uff0c\u5168\u7403\u8303\u56f4\u5185\u591a\u5bb6\u4f01\u4e1a\u5ba3\u5e03\u8d2d\u4e70\u6216\u8ba1\u5212\u8d2d\u4e70\u6bd4\u7279\u5e01\uff0c\u8bd5\u56fe\u901a\u8fc7\u8fd9\u4e00\u53bb\u4e2d\u5fc3\u5316\u8d44\u4ea7\u5bf9\u51b2\u901a\u80c0\u3001\u63d0\u5347\u4f30\u503c\u6216\u91cd\u5851\u8d22\u52a1\u6218\u7565\u3002\u4ece\u745e\u5178\u7684\u5065\u5eb7\u79d1\u6280\u516c\u53f8\u5230\u4e2d\u56fd\u7684\u7eba\u7ec7\u5de8\u5934\uff0c\u518d\u5230\u5370\u5c3c\u7684\u91d1\u878d\u79d1\u6280\u4f01\u4e1a\uff0c\u8fd9\u4e9b\u65b0\u73a9\u5bb6\u4ee5\u591a\u6837\u5316\u7684\u878d\u8d44\u65b9\u5f0f\u8fdb\u5165\u6bd4\u7279\u5e01\u5e02\u573a\uff0c\u5c55\u73b0\u4e86\u52a0\u5bc6\u8d44\u4ea7\u5728\u4f20\u7edf\u884c\u4e1a\u4e2d\u7684\u6e17\u900f\u529b\u3002<\/p>\n<h3>\u4f01\u4e1a\u6bd4\u7279\u5e01\u6295\u8d44\u6982\u89c8<\/h3>\n<p>\u4ee5\u4e0b\u8868\u683c\u603b\u7ed3\u4e86 2025 \u5e74 5 \u6708\u65b0\u589e\u7684\u4e94\u5bb6\u4f01\u4e1a\u7684\u6bd4\u7279\u5e01\u6295\u8d44\u8ba1\u5212\uff1a<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/26\/images\/c37e1f3b32cfec82cc7283c6434df9d9.jpg\" alt=\"\u8d44\u91d1\u6d8c\u5165\u4e2d\uff0c5\u6708\u5168\u7403\u4f01\u4e1a\u6bd4\u7279\u5e01\u8d2d\u4e70\u5927\u76d8\u70b9        \" \/><\/p>\n<h4><strong>1. H100 Group AB\uff1a\u745e\u5178\u5065\u5eb7\u79d1\u6280\u7684\u6bd4\u7279\u5e01\u50a8\u5907\u5148\u950b<\/strong><\/h4>\n<p>\u745e\u5178\u5065\u5eb7\u79d1\u6280\u516c\u53f8 H100 Group AB \u5728 5 \u6708 25 \u65e5\u5ba3\u5e03\u901a\u8fc7\u4e00\u8f6e 220 \u4e07\u7f8e\u5143\u7684\u878d\u8d44\u6267\u884c\u6bd4\u7279\u5e01\u50a8\u5907\u6218\u7565\uff0c\u6210\u4e3a\u745e\u5178\u9996\u5bb6\u516c\u5f00\u5c06\u6bd4\u7279\u5e01\u7eb3\u5165\u8d44\u4ea7\u8d1f\u503a\u8868\u7684\u4e0a\u5e02\u516c\u53f8\u3002\u636e Cointelegraph \u62a5\u9053\uff0c\u6b64\u6b21\u878d\u8d44\u7531 Blockstream CEO Adam Back \u9886\u6295\uff0c\u4ed6\u4e2a\u4eba\u51fa\u8d44\u7ea6 140 \u4e07\u7f8e\u5143\uff0c\u5176\u4f59 80 \u4e07\u7f8e\u5143\u6765\u81ea\u591a\u5bb6\u6295\u8d44\u673a\u6784\u3002\u8d44\u91d1\u901a\u8fc7 0% \u5229\u7387\u7684\u53ef\u8f6c\u503a\u5f62\u5f0f\u6ce8\u5165\uff0c\u8ba1\u5212\u8d2d\u5165\u7ea6 20.18 \u679a\u6bd4\u7279\u5e01\uff0c\u52a0\u4e0a\u6b64\u524d 5 \u6708 22 \u65e5\u8d2d\u5165\u7684 4.39 \u679a\uff0c\u603b\u6301\u4ed3\u9884\u8ba1\u8fbe\u5230 24.57 \u679a BTC\u3002<\/p>\n<p>H100 \u7684\u878d\u8d44\u7ed3\u6784\u9887\u5177\u521b\u65b0\uff1a\u53ef\u8f6c\u503a\u5c06\u4e8e 2028 \u5e74 6 \u6708 15 \u65e5\u5230\u671f\uff0c\u671f\u95f4\u53ef\u6309\u6bcf\u80a1 1.3 \u745e\u5178\u514b\u6717\uff08\u7ea6 0.11 \u7f8e\u5143\uff09\u8f6c\u6362\u4e3a\u516c\u53f8\u80a1\u4efd\uff0c\u4e14\u82e5\u80a1\u4ef7\u8fde\u7eed 60 \u65e5\u4e0a\u6da8\u8d85 33%\uff0c\u516c\u53f8\u53ef\u5f3a\u5236\u8f6c\u80a1\u3002\u8fd9\u79cd\u8bbe\u8ba1\u964d\u4f4e\u4e86\u878d\u8d44\u6210\u672c\uff0c\u540c\u65f6\u4e3a\u6295\u8d44\u8005\u63d0\u4f9b\u4e86\u5206\u4eab\u516c\u53f8\u6210\u957f\u7684\u673a\u4f1a\u3002H100 \u8868\u793a\uff0c\u6bd4\u7279\u5e01\u4ee3\u8868\u300c\u4e2a\u4f53\u81ea\u4e3b\u300d\u7684\u4ef7\u503c\u89c2\uff0c\u4e0e\u5176\u5065\u5eb7\u79d1\u6280\u4f7f\u547d\u5951\u5408\u3002\u5e02\u573a\u53cd\u5e94\u70ed\u70c8\uff0c\u81ea 5 \u6708 22 \u65e5\u5ba3\u5e03\u8d2d\u5e01\u8ba1\u5212\u4ee5\u6765\uff0c\u516c\u53f8\u80a1\u4ef7\u7d2f\u8ba1\u4e0a\u6da8\u8d85 40%\u3002<\/p>\n<p>\u5c3d\u7ba1 H100 \u7684\u6bd4\u7279\u5e01\u6301\u4ed3\u89c4\u6a21\u8f83\u5c0f\uff0c\u4ec5\u5360\u5176\u8d44\u4ea7\u8d1f\u503a\u8868\u7684\u4e00\u5c0f\u90e8\u5206\uff0c\u4f46 Adam Back \u7684\u53c2\u4e0e\u4e3a\u5176\u589e\u6dfb\u4e86\u53ef\u4fe1\u5ea6\u3002\u4f5c\u4e3a\u6bd4\u7279\u5e01\u9886\u57df\u7684\u5148\u9a71\uff0cBack \u901a\u8fc7 Blockstream \u63a8\u52a8 Layer-2 \u6280\u672f\u548c\u77ff\u4e1a\u53d1\u5c55\uff0c\u5176\u80cc\u4e66\u53ef\u80fd\u6fc0\u52b1\u66f4\u591a\u6b27\u6d32\u4f01\u4e1a\u6548\u4eff\u3002H100 \u7684\u7b56\u7565\u66f4\u50cf\u662f\u8c28\u614e\u8bd5\u6c34\uff0c\u800c\u975e\u5168\u9762\u8f6c\u578b\uff0c\u53cd\u6620\u4e86\u4e2d\u5c0f\u578b\u4f01\u4e1a\u8fdb\u5165\u6bd4\u7279\u5e01\u5e02\u573a\u7684\u4fdd\u5b88\u6001\u5ea6\u3002<\/p>\n<h4><strong>2. DDC Enterprise\uff1a\u4e2d\u56fd\u670d\u88c5\u7269\u6d41\u7684\u6bd4\u7279\u5e01\u8c6a\u8d4c<\/strong><\/h4>\n<p>\u4e2d\u56fd\u4e0a\u5e02\u516c\u53f8 DDC Enterprise \u5728 5 \u6708 16 \u65e5\u5ba3\u5e03\u8ba1\u5212\u8d2d\u4e70 5000 \u679a\u6bd4\u7279\u5e01\uff0c\u4ef7\u503c\u7ea6 5 \u4ebf\u7f8e\u5143\uff0c\u6210\u4e3a\u4e2d\u56fd\u4f01\u4e1a\u6bd4\u7279\u5e01\u6295\u8d44\u7684\u9886\u8dd1\u8005\u3002\u636e Bitcoin Magazine \u548c X \u5e73\u53f0\u52a8\u6001\uff0cDDC \u4ece\u4e8b\u670d\u88c5\u548c\u7269\u6d41\u4e1a\u52a1\uff0c\u901a\u8fc7\u589e\u53d1\u666e\u901a\u80a1\u7b79\u96c6\u8d44\u91d1\uff0c\u65e8\u5728\u5efa\u7acb\u6218\u7565\u6bd4\u7279\u5e01\u50a8\u5907\u3002\u8fd9\u4e00\u8ba1\u5212\u8fc5\u901f\u5f15\u53d1\u70ed\u8bae\uff0cX \u5e73\u53f0\u7528\u6237\u6307\u51fa\uff0cDDC \u53ef\u80fd\u6548\u4eff MicroStrategy\uff0c\u901a\u8fc7\u6bd4\u7279\u5e01\u6295\u8d44\u63a8\u9ad8\u80a1\u4ef7\uff0c\u540c\u65f6\u5bf9\u51b2\u5168\u7403\u8d38\u6613\u4e0d\u786e\u5b9a\u6027\u3002<\/p>\n<p>DDC \u7684\u52a8\u673a\u4e0e\u5176\u884c\u4e1a\u80cc\u666f\u5bc6\u5207\u76f8\u5173\u3002\u670d\u88c5\u548c\u7269\u6d41\u884c\u4e1a\u9762\u4e34\u4f9b\u5e94\u94fe\u6210\u672c\u4e0a\u5347\u548c\u5173\u7a0e\u538b\u529b\uff0c\u6bd4\u7279\u5e01\u4f5c\u4e3a\u6297\u901a\u80c0\u8d44\u4ea7\u7684\u5438\u5f15\u529b\u65e5\u76ca\u51f8\u663e\u3002\u6b64\u5916\uff0c\u4e2d\u56fd\u9999\u6e2f\u7b49\u5730\u533a\u5bf9\u52a0\u5bc6\u8d44\u4ea7\u7684\u76d1\u7ba1\u73af\u5883\u9010\u6b65\u5f00\u653e\uff0c\u4e3a DDC \u63d0\u4f9b\u4e86\u64cd\u4f5c\u7a7a\u95f4\u3002\u5ba3\u5e03\u8d2d\u5e01\u8ba1\u5212\u540e\uff0cDDC \u80a1\u4ef7\u77ed\u671f\u4e0a\u6da8\u7ea6 25%\uff0c\u663e\u793a\u5e02\u573a\u5bf9\u5176\u7b56\u7565\u7684\u521d\u6b65\u8ba4\u53ef\u3002<\/p>\n<p>\u7136\u800c\uff0c5000 \u679a\u6bd4\u7279\u5e01\u7684\u8d2d\u4e70\u9700\u8981\u5de8\u989d\u8d44\u91d1\uff0c\u589e\u53d1\u80a1\u4efd\u53ef\u80fd\u7a00\u91ca\u80a1\u4e1c\u6743\u76ca\u3002\u4e2d\u56fd\u5927\u9646\u5bf9\u52a0\u5bc6\u8d27\u5e01\u7684\u76d1\u7ba1\u4ecd\u5b58\u4e0d\u786e\u5b9a\u6027\uff0cDDC \u9700\u5728\u5408\u89c4\u6846\u67b6\u5185\u8c28\u614e\u64cd\u4f5c\u3002\u5c3d\u7ba1\u5982\u6b64\uff0c\u5176\u9ad8\u8c03\u5e03\u5c40\u53ef\u80fd\u6fc0\u52b1\u66f4\u591a\u4e9a\u6d32\u4f01\u4e1a\u52a0\u5165\u6bd4\u7279\u5e01\u70ed\u6f6e\uff0c\u6210\u4e3a\u4e2d\u56fd\u5e02\u573a\u7684\u91cd\u8981\u98ce\u5411\u6807\u3002<\/p>\n<h4><strong>3. Addentax\uff1a\u4e2d\u56fd\u7eba\u7ec7\u4f01\u4e1a\u7684 8000 \u679a\u6bd4\u7279\u5e01\u8ba1\u5212<\/strong><\/h4>\n<p>\u540c\u5728 5 \u6708 16 \u65e5\uff0c\u4e2d\u56fd\u7eba\u7ec7\u548c\u7269\u6d41\u516c\u53f8 Addentax\uff08\u7eb3\u65af\u8fbe\u514b\uff1aATXG\uff09\u5ba3\u5e03\u901a\u8fc7\u53d1\u884c\u65b0\u80a1\u7b79\u8d44\uff0c\u8ba1\u5212\u8d2d\u4e70\u9ad8\u8fbe 8000 \u679a\u6bd4\u7279\u5e01\u53ca\u5176\u4ed6\u52a0\u5bc6\u8d27\u5e01\uff0c\u603b\u4ef7\u503c\u7ea6 8 \u4ebf\u7f8e\u5143\u3002\u636e Cointelegraph \u548c X \u5e73\u53f0\u6d88\u606f\uff0cAddentax \u7684\u8fd9\u4e00\u51b3\u5b9a\u6807\u5fd7\u7740\u5176\u4ece\u4f20\u7edf\u5236\u9020\u4e1a\u5411\u52a0\u5bc6\u8d44\u4ea7\u9886\u57df\u7684\u8f6c\u578b\u5c1d\u8bd5\uff0c\u8bd5\u56fe\u901a\u8fc7\u6bd4\u7279\u5e01\u6295\u8d44\u63d0\u5347\u4f30\u503c\u548c\u5e02\u573a\u5173\u6ce8\u5ea6\u3002<\/p>\n<p>Addentax \u7684\u7b56\u7565\u6bd4 DDC \u66f4\u4e3a\u6fc0\u8fdb\uff0c8000 \u679a\u6bd4\u7279\u5e01\u7684\u8ba1\u5212\u82e5\u6210\u529f\uff0c\u5c06\u4f7f\u5176\u6210\u4e3a\u4e2d\u56fd\u4f01\u4e1a\u4e2d\u6bd4\u7279\u5e01\u6301\u4ed3\u6700\u5927\u7684\u516c\u53f8\u4e4b\u4e00\u3002\u7136\u800c\uff0c\u8fd9\u4e00\u8ba1\u5212\u5f15\u53d1\u4e89\u8bae\u3002X \u5e73\u53f0\u7528\u6237\u8d28\u7591 Addentax \u7684\u73b0\u91d1\u6d41\u80fd\u5426\u652f\u6301\u5982\u6b64\u5927\u89c4\u6a21\u7684\u6295\u8d44\uff0c\u62c5\u5fc3\u5176\u53ef\u80fd\u901a\u8fc7\u9ad8\u6760\u6746\u64cd\u4f5c\u653e\u5927\u98ce\u9669\u3002\u7eba\u7ec7\u884c\u4e1a\u5229\u6da6\u7387\u8f83\u4f4e\uff0c\u53d7\u5168\u7403\u8d38\u6613\u6218\u5f71\u54cd\u8f83\u5927\uff0c\u6bd4\u7279\u5e01\u53ef\u80fd\u88ab\u89c6\u4e3a\u6446\u8131\u4e1a\u52a1\u74f6\u9888\u7684\u7a81\u7834\u53e3\u3002<\/p>\n<p>Addentax \u7684\u8d2d\u5e01\u8ba1\u5212\u9700\u9762\u5bf9\u5e02\u573a\u6ce2\u52a8\u548c\u76d1\u7ba1\u53cc\u91cd\u8003\u9a8c\u3002\u4e2d\u56fd\u5bf9\u52a0\u5bc6\u8d27\u5e01\u7684\u76d1\u7ba1\u653f\u7b56\u53ef\u80fd\u9650\u5236\u5176\u64cd\u4f5c\u7075\u6d3b\u6027\uff0c\u800c\u589e\u53d1\u80a1\u4efd\u53ef\u80fd\u5bfc\u81f4\u80a1\u6743\u7a00\u91ca\u3002\u5c3d\u7ba1\u5982\u6b64\uff0c\u5176\u5927\u80c6\u5e03\u5c40\u663e\u793a\u4e86\u4e2d\u56fd\u4f01\u4e1a\u5728\u5168\u7403\u6bd4\u7279\u5e01\u70ed\u6f6e\u4e2d\u7684\u96c4\u5fc3\uff0c\u53ef\u80fd\u5f15\u53d1\u66f4\u591a\u4f20\u7edf\u884c\u4e1a\u6548\u4eff\u3002<\/p>\n<h4><strong>4. DigiAsia\uff1a\u5370\u5c3c\u91d1\u878d\u79d1\u6280\u7684\u5229\u6da6\u518d\u6295\u8d44\u6a21\u5f0f<\/strong><\/h4>\n<p>\u5370\u5c3c\u91d1\u878d\u79d1\u6280\u516c\u53f8 DigiAsia\uff08\u7eb3\u65af\u8fbe\u514b\uff1aFAAS\uff09\u5728 5 \u6708 20 \u65e5\u5ba3\u5e03\u8ba1\u5212\u7b79\u96c6 1 \u4ebf\u7f8e\u5143\u7528\u4e8e\u8d2d\u4e70\u6bd4\u7279\u5e01\uff0c\u5e76\u627f\u8bfa\u5c06\u672a\u6765\u9ad8\u8fbe 50% \u7684\u51c0\u5229\u6da6\u7528\u4e8e\u6301\u7eed\u589e\u6301\u3002\u636e X \u5e73\u53f0\u6d88\u606f\uff0c\u8fd9\u4e00\u8ba1\u5212\u63a8\u52a8 DigiAsia \u80a1\u4ef7\u77ed\u671f\u5185\u98d9\u5347\u8fd1 90%\uff0c\u663e\u793a\u5e02\u573a\u5bf9\u5176\u6fc0\u8fdb\u7b56\u7565\u7684\u8ffd\u6367\u3002<\/p>\n<p>DigiAsia \u7684\u7b56\u7565\u72ec\u5177\u7279\u8272\u3002\u76f8\u8f83\u4e8e\u76f4\u63a5\u878d\u8d44\u8d2d\u5e01\uff0c\u5176\u5c06\u6bd4\u7279\u5e01\u6295\u8d44\u4e0e\u76c8\u5229\u80fd\u529b\u6302\u94a9\uff0c\u663e\u793a\u51fa\u5bf9\u957f\u671f\u6301\u4ed3\u7684\u4fe1\u5fc3\u3002\u516c\u53f8\u8868\u793a\uff0c\u6bd4\u7279\u5e01\u80fd\u5bf9\u51b2\u5370\u5c3c\u76fe\u8d2c\u503c\u98ce\u9669\uff0c\u5e76\u5438\u5f15\u5168\u7403\u6295\u8d44\u8005\u5173\u6ce8\u3002\u5370\u5c3c\u4f5c\u4e3a\u4e1c\u5357\u4e9a\u6700\u5927\u7684\u7ecf\u6d4e\u4f53\uff0c\u52a0\u5bc6\u8d27\u5e01\u91c7\u7528\u7387\u5feb\u901f\u589e\u957f\uff0cDigiAsia \u7684\u4e3e\u63aa\u53ef\u80fd\u63a8\u52a8\u66f4\u591a\u672c\u5730\u4f01\u4e1a\u6548\u4eff\u3002<\/p>\n<p>\u7136\u800c\uff0cDigiAsia \u901a\u8fc7\u501f\u8d37\u548c\u8d28\u62bc\u6bd4\u7279\u5e01\u83b7\u53d6\u6536\u76ca\u7684\u6a21\u5f0f\u53ef\u80fd\u653e\u5927\u8d22\u52a1\u98ce\u9669\u3002\u6bd4\u7279\u5e01\u4ef7\u683c\u7684\u5267\u70c8\u6ce2\u52a8\u53ef\u80fd\u5bfc\u81f4\u6d41\u52a8\u6027\u5371\u673a\uff0c\u800c\u5370\u5c3c\u5bf9\u52a0\u5bc6\u8d27\u5e01\u7684\u76d1\u7ba1\u4ecd\u8f83\u4fdd\u5b88\uff0c\u9700\u6295\u5165\u66f4\u591a\u5408\u89c4\u6210\u672c\u3002\u5c3d\u7ba1\u5982\u6b64\uff0c\u5176\u5229\u6da6\u518d\u6295\u8d44\u7684\u6a21\u5f0f\u4e3a\u73b0\u91d1\u6d41\u5145\u88d5\u7684\u4f01\u4e1a\u63d0\u4f9b\u4e86\u65b0\u601d\u8def\uff0c\u53ef\u80fd\u6210\u4e3a\u65b0\u5174\u5e02\u573a\u4f01\u4e1a\u7684\u6a21\u677f\u3002<\/p>\n<h4><strong>5. Basel\uff1a\u65b0\u52a0\u5761\u533b\u7597\u96c6\u56e2\u7684 10 \u4ebf\u7f8e\u5143\u6bd4\u7279\u5e01\u6536\u8d2d<\/strong><\/h4>\n<p>\u65b0\u52a0\u5761\u9aa8\u79d1\u533b\u7597\u96c6\u56e2 Basel \u5728 5 \u6708 23 \u65e5\u5ba3\u5e03\u4e0e\u300c\u6bd4\u7279\u5e01\u6301\u6709\u8005\u8054\u76df\u300d\u8fbe\u6210\u534f\u8bae\uff0c\u901a\u8fc7\u589e\u53d1\u666e\u901a\u80a1\u8d2d\u4e70 1 \u4e07\u679a\u6bd4\u7279\u5e01\uff0c\u4ef7\u503c\u7ea6 10 \u4ebf\u7f8e\u5143\u3002\u636e@chairbtc \u900f\u9732\uff0cBasel \u7684\u7b56\u7565\u4e0e MicroStrategy \u9ad8\u5ea6\u76f8\u4f3c\uff0c\u5229\u7528\u6295\u8d44\u4eba\u8d44\u91d1\u8d2d\u4e70\u6bd4\u7279\u5e01\uff0c\u4f9d\u9760\u4ef7\u683c\u589e\u957f\u56de\u62a5\u80a1\u4e1c\u3002<\/p>\n<p>Basel \u7684\u52a0\u5165\u4e3a\u533b\u7597\u884c\u4e1a\u5bf9\u6bd4\u7279\u5e01\u7684\u91c7\u7528\u589e\u6dfb\u4e86\u65b0\u6848\u4f8b\u3002\u4f5c\u4e3a\u4e00\u5bb6\u4e13\u6ce8\u4e8e\u9aa8\u79d1\u533b\u7597\u7684\u9ad8\u79d1\u6280\u4f01\u4e1a\uff0cBasel \u9762\u4e34\u9ad8\u7814\u53d1\u6210\u672c\u548c\u5e02\u573a\u7ade\u4e89\u538b\u529b\uff0c\u6bd4\u7279\u5e01\u6295\u8d44\u53ef\u80fd\u88ab\u89c6\u4e3a\u5206\u6563\u98ce\u9669\u548c\u63d0\u5347\u56de\u62a5\u7684\u624b\u6bb5\u3002X \u5e73\u53f0\u7528\u6237\u5c06\u5176\u79f0\u4e3a\u300c\u5fae\u7b56\u7565\u7684\u4e9a\u6d32\u7ffb\u7248\u300d\uff0c\u8ba4\u4e3a\u5176\u53ef\u80fd\u901a\u8fc7\u6bd4\u7279\u5e01\u5438\u5f15\u5168\u7403\u8d44\u672c\uff0c\u5f25\u8865\u884c\u4e1a\u589e\u957f\u74f6\u9888\u3002<\/p>\n<p>1 \u4e07\u679a\u6bd4\u7279\u5e01\u7684\u8ba1\u5212\u5bf9 Basel \u7684\u8d22\u52a1\u7ed3\u6784\u63d0\u51fa\u9ad8\u8981\u6c42\u3002\u589e\u53d1\u80a1\u4efd\u53ef\u80fd\u5bfc\u81f4\u80a1\u6743\u7a00\u91ca\uff0c\u800c\u6bd4\u7279\u5e01\u7684\u9ad8\u6ce2\u52a8\u6027\u53ef\u80fd\u5f71\u54cd\u8d44\u4ea7\u8d1f\u503a\u8868\u7a33\u5b9a\u6027\u3002\u65b0\u52a0\u5761\u5bf9\u52a0\u5bc6\u8d27\u5e01\u7684\u76d1\u7ba1\u8f83\u4e3a\u4e25\u683c\uff0cBasel \u9700\u786e\u4fdd\u5408\u89c4\u3002\u5c3d\u7ba1\u5982\u6b64\uff0c\u5176\u5927\u80c6\u5e03\u5c40\u663e\u793a\u4e86\u4e9a\u6d32\u4f01\u4e1a\u5728\u6bd4\u7279\u5e01\u70ed\u6f6e\u4e2d\u7684\u96c4\u5fc3\uff0c\u53ef\u80fd\u5f15\u53d1\u533b\u7597\u884c\u4e1a\u7684\u8fde\u9501\u53cd\u5e94\u3002<\/p>\n<h3>\u70ed\u6f6e\u7684\u9a71\u52a8\u56e0\u7d20<\/h3>\n<p>2025 \u5e74 5 \u6708\u7684\u6bd4\u7279\u5e01\u6295\u8d44\u70ed\u6f6e\u7531\u591a\u91cd\u56e0\u7d20\u63a8\u52a8\uff0c\u53cd\u6620\u4e86\u5168\u7403\u4f01\u4e1a\u548c\u5e02\u573a\u7684\u590d\u6742\u52a8\u6001\uff1a<\/p>\n<ol>\n<li>\u5b8f\u89c2\u7ecf\u6d4e\u4e0d\u786e\u5b9a\u6027\uff1a\u5168\u7403\u901a\u80c0\u3001\u5730\u7f18\u653f\u6cbb\u548c\u5173\u7a0e\u653f\u7b56\u7684\u4e0d\u786e\u5b9a\u6027\u4fc3\u4f7f\u4f01\u4e1a\u5bfb\u6c42\u6297\u901a\u80c0\u8d44\u4ea7\u3002\u6bd4\u7279\u5e01\u7684 2100 \u4e07\u679a\u56fa\u5b9a\u4f9b\u5e94\u548c\u53bb\u4e2d\u5fc3\u5316\u7279\u6027\u4f7f\u5176\u6210\u4e3a\u5bf9\u51b2\u8d27\u5e01\u8d2c\u503c\u7684\u7406\u60f3\u9009\u62e9\u3002\u4f8b\u5982\uff0cDigiAsia \u660e\u786e\u63d0\u5230\u6bd4\u7279\u5e01\u80fd\u62b5\u5fa1\u5370\u5c3c\u76fe\u8d2c\u503c\u98ce\u9669\u3002<\/li>\n<li>MicroStrategy \u7684\u6807\u6746\u6548\u5e94\uff1aMicroStrategy \u901a\u8fc7\u6301\u6709\u8d85 25 \u4e07\u679a\u6bd4\u7279\u5e01\u5b9e\u73b0\u80a1\u4ef7\u98d9\u5347 220%\uff0c\u4e3a\u5176\u4ed6\u4f01\u4e1a\u63d0\u4f9b\u4e86\u6a21\u677f\u3002Basel \u548c DDC \u7684\u589e\u53d1\u8d2d\u5e01\u7b56\u7565\u660e\u663e\u53d7\u5176\u542f\u53d1\uff0c\u8bd5\u56fe\u590d\u5236\u8fd9\u4e00\u6210\u529f\u8def\u5f84\u3002<\/li>\n<li>\u76d1\u7ba1\u73af\u5883\u6539\u5584\uff1a\u7f8e\u56fd\u7279\u6717\u666e\u653f\u5e9c\u4e0a\u53f0\u540e\uff0c\u52a0\u5bc6\u53cb\u597d\u653f\u7b56\u9884\u671f\u589e\u5f3a\uff0c\u4f8b\u5982\u63d0\u8bae\u5efa\u7acb\u56fd\u5bb6\u6bd4\u7279\u5e01\u50a8\u5907\u3002\u4e9a\u6d32\u5730\u533a\u5982\u9999\u6e2f\u548c\u65b0\u52a0\u5761\u7684\u76d1\u7ba1\u6846\u67b6\u65e5\u76ca\u6e05\u6670\uff0c\u4e3a\u4f01\u4e1a\u63d0\u4f9b\u4e86\u5408\u89c4\u57fa\u7840\u3002<\/li>\n<li>\u5e02\u573a\u60c5\u7eea\u4e0e\u6295\u673a\uff1aH100 \u548c DigiAsia \u80a1\u4ef7\u7684\u66b4\u6da8\u663e\u793a\uff0c\u5e02\u573a\u5bf9\u300c\u6bd4\u7279\u5e01\u6982\u5ff5\u80a1\u300d\u5145\u6ee1\u70ed\u60c5\u3002\u4f01\u4e1a\u901a\u8fc7\u9ad8\u8c03\u5ba3\u5e03\u8d2d\u5e01\u8ba1\u5212\u5438\u5f15\u6563\u6237\u8d44\u91d1\uff0c\u63a8\u52a8\u4f30\u503c\u77ed\u671f\u5185\u5feb\u901f\u6500\u5347\u3002<\/li>\n<\/ol>\n<h3>Jim Chanos \u7684\u89c6\u89d2\uff1a\u6295\u673a\u4e0e\u5957\u5229\u7684\u6674\u96e8\u8868<\/h3>\n<p>\u534e\u5c14\u8857\u77e5\u540d\u5927\u7a7a\u5934 Jim Chanos \u7684\u89c2\u70b9\u4e3a\u8fd9\u4e00\u70ed\u6f6e\u63d0\u4f9b\u4e86\u53e6\u4e00\u89c6\u89d2\u3002\u636e CNBC \u62a5\u9053\uff0cChanos \u540c\u65f6\u62bc\u6ce8\u6bd4\u7279\u5e01\u5e76\u505a\u7a7a MicroStrategy\uff0c\u8bd5\u56fe\u901a\u8fc7\u5957\u5229\u6355\u6349\u5e02\u573a\u975e\u7406\u6027\u60c5\u7eea\u3002\u4ed6\u5c06\u8fd9\u4e00\u4ea4\u6613\u6bd4\u55bb\u4e3a\u300c\u4ee5 1 \u7f8e\u5143\u4e70\u5165\u6bd4\u7279\u5e01\uff0c\u4ee5 2.5 \u7f8e\u5143\u5356\u51fa MicroStrategy \u80a1\u7968\u300d\uff0c\u8ba4\u4e3a MicroStrategy \u7684\u80a1\u4ef7\u88ab\u6563\u6237\u72c2\u70ed\u63a8\u9ad8\uff0c\u4f30\u503c\u8fdc\u8d85\u5176\u6bd4\u7279\u5e01\u6301\u4ed3\u7684\u5b9e\u9645\u4ef7\u503c\u3002<\/p>\n<p>Chanos \u7684\u903b\u8f91\u76f4\u767d\u800c\u7280\u5229\uff1aMicroStrategy \u8fc7\u53bb\u4e00\u5e74\u80a1\u4ef7\u98d9\u5347 220%\uff0c\u8fdc\u8d85\u6bd4\u7279\u5e01\u540c\u671f 70% \u7684\u6da8\u5e45\uff0c\u663e\u793a\u51fa\u4f30\u503c\u6ce1\u6cab\u3002\u4ed6\u8fdb\u4e00\u6b65\u6307\u51fa\uff0c\u90e8\u5206\u6548\u4eff MicroStrategy \u7684\u516c\u53f8\u901a\u8fc7\u9ad8\u8c03\u5ba3\u5e03\u6bd4\u7279\u5e01\u6295\u8d44\u5438\u5f15\u6563\u6237\u8d44\u91d1\uff0c\u63a8\u9500\u300c\u6ea2\u4ef7\u4f30\u503c\u300d\u7684\u60f3\u6cd5\uff0c\u8fd9\u79cd\u6a21\u5f0f\u300c\u8352\u8c2c\u300d\u4e14\u4e0d\u53ef\u6301\u7eed\u3002Chanos \u7684\u4ea4\u6613\u4e0d\u4ec5\u662f\u9488\u5bf9 MicroStrategy \u7684\u4f30\u503c\u6311\u6218\uff0c\u4e5f\u662f\u5bf9\u6574\u4e2a\u52a0\u5bc6\u5e02\u573a\u6295\u673a\u751f\u6001\u7684\u6d1e\u5bdf\u3002\u4ed6\u8ba4\u4e3a\uff0c\u8fd9\u4e00\u7b56\u7565\u4e0d\u4ec5\u662f\u5957\u5229\u7684\u6674\u96e8\u8868\uff0c\u4e5f\u662f\u6563\u6237\u6295\u673a\u60c5\u7eea\u7684\u6307\u6807\u3002<\/p>\n<p>Chanos \u7684\u89c2\u70b9\u63ed\u793a\u4e86\u6bd4\u7279\u5e01\u70ed\u6f6e\u7684\u53cc\u9762\u6027\u3002\u4e00\u65b9\u9762\uff0c\u4f01\u4e1a\u8d2d\u5e01\u53cd\u6620\u4e86\u5bf9\u6bd4\u7279\u5e01\u957f\u671f\u4ef7\u503c\u7684\u8ba4\u53ef\uff0c\u5c24\u5176\u5728\u7279\u6717\u666e\u7684\u52a0\u5bc6\u53cb\u597d\u653f\u7b56\u548c\u5173\u7a0e\u9884\u671f\u63a8\u9ad8\u901a\u80c0\u7684\u80cc\u666f\u4e0b\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u5e02\u573a\u60c5\u7eea\u7684\u72c2\u70ed\u53ef\u80fd\u63a9\u76d6\u57fa\u672c\u9762\u7684\u8584\u5f31\uff0c\u90e8\u5206\u516c\u53f8\u5229\u7528\u6bd4\u7279\u5e01\u6295\u8d44\u4f5c\u4e3a\u77ed\u671f\u7092\u4f5c\u5de5\u5177\uff0c\u800c\u975e\u57fa\u4e8e\u7406\u6027\u51b3\u7b56\u3002Chanos \u7684\u505a\u7a7a\u7b56\u7565\u63d0\u9192\u6295\u8d44\u8005\uff0c\u9700\u8b66\u60d5\u300c\u6bd4\u7279\u5e01\u6982\u5ff5\u80a1\u300d\u7684\u4f30\u503c\u9677\u9631\uff0c\u5c24\u5176\u5728\u5e02\u573a\u56de\u8c03\u65f6\uff0c\u8fc7\u5ea6\u4f9d\u8d56\u6563\u6237\u70ed\u60c5\u7684\u516c\u53f8\u53ef\u80fd\u9762\u4e34\u5d29\u76d8\u98ce\u9669\u3002<\/p>\n<h3>\u7ed3\u8bed\uff1a\u6570\u5b57\u9ec4\u91d1\u7684\u5341\u5b57\u8def\u53e3<\/h3>\n<p>2025 \u5e74 5 \u6708\u7684\u6bd4\u7279\u5e01\u6295\u8d44\u70ed\u6f6e\u662f\u4e00\u573a\u5168\u7403\u4f01\u4e1a\u7684\u96c6\u4f53\u5b9e\u9a8c\u3002\u4ece H100 \u7684\u8c28\u614e\u8bd5\u6c34\u5230 Addentax \u7684\u8c6a\u8d4c\uff0c\u518d\u5230 Chanos \u7684\u534e\u5c14\u8857\u535a\u5f08\uff0c\u8fd9\u4e9b\u6545\u4e8b\u4ea4\u7ec7\u51fa\u6570\u5b57\u8d44\u4ea7\u65f6\u4ee3\u7684\u590d\u6742\u56fe\u666f\u3002\u4f01\u4e1a\u901a\u8fc7\u6bd4\u7279\u5e01\u5bfb\u6c42\u7a81\u7834\uff0c\u6295\u8d44\u8005\u5728\u72c2\u70ed\u4e0e\u7406\u6027\u95f4\u5bfb\u627e\u5e73\u8861\uff0c\u800c\u5e02\u573a\u5219\u5728\u6ce2\u52a8\u4e2d\u5bfb\u627e\u65b9\u5411\u3002\u8fd9\u4e0d\u4ec5\u662f\u8d44\u672c\u5bf9\u300c\u6570\u5b57\u9ec4\u91d1\u300d\u7684\u62bc\u6ce8\uff0c\u4e5f\u662f\u5bf9\u672a\u6765\u91d1\u878d\u4f53\u7cfb\u7684\u63a2\u7d22\u3002\u5728\u8fd9\u4e2a\u5341\u5b57\u8def\u53e3\uff0c\u6bcf\u4e00\u6b65\u6289\u62e9\u90fd\u53ef\u80fd\u91cd\u5851\u884c\u4e1a\u683c\u5c40\uff0c\u4e5f\u53ef\u80fd\u6210\u4e3a\u6295\u673a\u6ce1\u6cab\u7684\u6ce8\u811a\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4f5c\u8005\uff1aOliver\uff0c\u706b\u661f\u8d22\u7ecf 2025 \u5e74 5 \u6708\uff0c\u6bd4\u7279\u5e01\u4f5c\u4e3a\u300c\u6570\u5b57\u9ec4\u91d1\u300d\u7684\u53d9\u4e8b\u6301\u7eed\u5347\u6e29\uff0c\u5168\u7403\u8303\u56f4\u5185\u591a\u5bb6\u4f01\u4e1a\u5ba3 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts\/718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=718"}],"version-history":[{"count":0,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts\/718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/media\/719"}],"wp:attachment":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=718"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}