According to CoinMeta, a research report by CITIC Securities states that domestically produced computing power will in the future possess both the attributes of industrial products and public utilities, and may become an important lever for a new round of industrial upgrading and capital formation. The report points out that during the "14th Five-Year Plan" period, the computing power network is expected to become an important new type of infrastructure that supports the development of new productive forces and undertakes expanded effective investment. With the country's continuous promotion of initiatives such as "East Data West Computing," a national integrated computing power network, ultra-large-scale intelligent computing clusters, and coordinated construction of computing and power, policy incentives resonate with the demand for artificial intelligence. As a result, China's computing power infrastructure is moving from decentralized construction towards a hub-based layout, scaled-up production, and unified national scheduling. CITIC Securities estimates that during the "14th Five-Year Plan" period, China's new intelligent computing power is expected to reach approximately 30 million petaflops, and the total capital expenditure is expected to reach the order of 10 trillion yuan.