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Hongbo Stocks has officially terminated its computing power contract with Baichuan Intelligence. A spokesperson from the company's securities department cited an 'unforeseen circumstance' as the reason behind this decision. Following the termination, both parties have agreed not to pursue any legal recourse against each other. Hongbo Stocks has announced that the equipment already deployed in the initial stages will be reallocated to other ongoing projects. Despite this adjustment, the company's commitment to its computing power business remains unwavering. The Jingneng project is progressing as planned and is anticipated to enhance performance metrics within the current year. Furthermore, Hongbo Stocks maintains other computing power leasing ventures and is actively engaged in discussions for new collaborative endeavors.
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