The city in the eastern Jiangsu province did not provide a timeline for completion of the initiative.
The facility would connect directly to renewable energy plants under a national policy that allowed green power to bypass public grids, the statement said.
The design aims to optimise power usage, with token output expected to rise 62.5 per cent using the same computing power resources, significantly enhancing token supply efficiency and economic viability.
The agreement, signed on Saturday, involves seven parties including Alibaba Cloud and Wangsu Science and Technology, a provider of information infrastructure platform services. Alibaba Cloud is the cloud computing unit of Alibaba Group Holding, which owns the South China Morning Post.
Changzhou says it is building China’s first city-level green token factory
