PHANCY Shares Surge Over 7% Following Launch of Lobster Farm Platform and Recent Compute Resource Expansion

Stock News
May 07

PHANCY (06682) saw its shares rise more than 7%. As of the time of writing, the stock was up 7.28%, trading at HK$38.9 with a turnover of HK$135 million. On May 7, the company announced the launch of PhanClaw Farm, a cloud-based productivity platform designed for the era of AI Agents. This follows a recent announcement at the end of last month, in which the company revealed plans to purchase GPU servers and related components for a total of RMB 400 million. These servers are intended for model inference and training and will be deployed to support the company's API business, aiming to meet the rapidly growing market demand for API calls. The company stated that this expansion of computing power reflects its medium- to long-term strategy for compute resources. PHANCY plans to continue increasing investment and steadily expanding its computing infrastructure to support the anticipated high-speed growth of its API business and to capitalize on the opportunities within the Token industry.

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