Super X (SUPX.US): anchoring AI computing power energy pain points to create new global investment targets through technological breakthroughs

The Zhitong Finance App learned that when AI computing power entered the “power consumption of a single cabinet exceeding 100 kW”, energy efficiency became the core bottleneck limiting the expansion of AI data centers around the world — traditional AC (AC) power supply architectures with energy loss of up to 10-15%, bulky equipment footprint, and high total cost of ownership (TCO), leaving the industry in the dilemma of “increased computing power means increased energy consumption”. Meanwhile, Super X (SUPX.US) is using a disruptive partnership to open up scarce investment opportunities on the AI+ computing power circuit, and its core value and growth logic are being highlighted at an accelerated pace. It is worth noting that although Super X was previously shorted by J Capital Research, the company was able to fight back through core technology verification and order fulfillment, and the stock price rebound further confirmed the market's recognition of its business logic.

Strategic joint ventures lock in HVDC technology and break the industry's “energy dead end”

The competition for AI computing power is essentially a competition for energy efficiency. As Super X Chief Technology Officer Kenny Sng said, “AI competition is also a competition for energy efficiency. This cooperation with Zhongheng Electric represents a deep collaboration between the two sides' technology roadmaps and will set a new global standard for energy-efficient AI data centers.” This strategic vision is reflected in the precise collaboration between Super X and China's leading digital energy company Zhongheng Electric (002364.SZ) — on September 15, 2025, the two sides officially announced SuperX AI Solution Limited, a wholly-owned subsidiary of Super X in the British Virgin Islands, and Enervell Power Pte, a wholly-owned subsidiary of Zhongheng Electric in Singapore. Ltd. and related parties set up a joint venture “SuperX Digital Power” in Singapore. The business covers the global market (excluding mainland China, Hong Kong, and Macau) and directly targets the most pressing power supply pain points for AI data centers.

This collaboration is not a simple business extension, but a precise card for “next-generation AI data center core technology.” As a digital energy leader in China, founded in 1996, Zhongheng Electric is not only a leader in HVDC technology, but also a leading setter of national standards in this field — its HVDC solutions have been deployed on a large scale in data centers of top operators and Internet giants such as China Mobile, China Telecom, Alibaba, Tencent, and Baidu, and have undergone long-term stable operation and verification to support China's core digital economy infrastructure. Through “DC to the end” architectural innovation, this technology reduces the 4-5 AC/DC conversion process of traditional power supply to levels 1-2, achieving an end-to-end energy efficiency breakthrough of 96%, reducing TCO by more than 20% compared to traditional AC architectures, eliminating huge UPS equipment and saving 50% physical space to accommodate more AI servers.

This technical strength, which is rooted in actual combat and has been tested over a long period of time in tens of millions of cabinets, has shown strong adaptability under the trend where demand for computing power continues to explode in the future, and targets the trillion-level incremental market. As next-generation GPUs such as NVIDIA Blackwell push single cabinet power consumption above 100 kW, the Rubin Ultra NVL576, which is planned to be launched after 2027, will reach 600 kW of power consumption, and HVDC has changed from an “optional solution” to a “necessity.” Super X introduced this battle-tested technology to the global market through a joint venture, taking the lead in seizing the golden track of “AI computing power energy upgrades”. The scarcity of its technology is particularly prominent in the current market.

The full-stack layout builds “computing power+cooling+power supply” barriers to create high sticky customer value

In the field of AI infrastructure, the competitiveness of “single products” is weakening, and “full-stack solutions” are the real needs of customers. This collaboration enabled Super X to complete a key strategic complement — extending from the product matrix that originally covered AI servers, high-density liquid cooling, AI clouds, and AI smart devices to the “heart” of the data center — power supply and distribution systems, achieving “vertical integration from AI computing power infrastructure to core energy technology”, and finally forming a full stack of “computing power output+cooling assurance+energy supply”.

The core advantage brought by this integration capability is reflected in the deep satisfaction of customer needs: first, in closed-loop optimization of the entire link from power input to model output. As a solution provider focusing on AI infrastructure, Super X provides end-to-end services to global customers through its Singaporean subsidiary, covering solution design, product integration and operation and maintenance — now, after superimposing HVDC technology, customers can directly obtain a full link service of “power grid access → efficient power supply → server computing power release → liquid cooling and cooling”, so that “every power generation is efficiently converted into computing power” without having to put together solutions between different suppliers. This “one-stop” experience can not only reduce customer procurement and operation and maintenance costs, but also improve overall system stability through technical collaboration, and greatly enhance customer stickiness.

In addition to full-link closed-loop services, the core competitiveness of this integrated capability also lies in its irreplicable technical collaboration barriers. Zhongheng Electric's HVDC technology and Super X's AI server and liquid cooling solutions are not simply superimposed, but are deeply coupled — for example, the natural compatibility of HVDC and energy storage systems can be linked with Super X's computing power scheduling software to provide “zero interruption” power guarantee for key tasks such as AI training; its high-density design can also respond to the space optimization requirements of liquid cooling systems, further improving the computing power density of the computer room. This kind of “customized integration capability” is unattainable for simple hardware vendors or software vendors.

Global channels are the first to seize the “going overseas” dividends of AI computing power infrastructure

Currently, global AI data center construction is entering a period of explosion, but the supply of energy-efficient and rapidly deployed power supply solutions is seriously insufficient — Super X's joint venture just filled this gap, seizing market opportunities with the dual advantages of “technological maturity+global channels”.

As a global company headquartered in Singapore, Super X's customers cover global groups such as large enterprises, research institutes, cloud and edge computing deployments, and Zhongheng Electric's HVDC technology has passed long-term verification of tens of millions of cabinets, and there is no need for “0 to 1” market education. The combination of the two can quickly respond to AI data center needs in North America, Europe, Southeast Asia, etc., and help customers “one step faster” in global computing power competition.

More importantly, this layout accurately fits the global “green computing power” trend. Zhongheng Electric has long been committed to “building a zero-carbon smart society”. While reducing costs, its HVDC solution can also reduce energy loss, which is highly consistent with Super X's goal of “reducing environmental footprint”. At a time when ESG investment is mainstream, this dual attribute of “commercial value+social value” is more likely to be recognized by global capital and customers.

Core value: More than a “computing power service provider”, but also a “rule-maker” for AI infrastructure

The investment value of Super X is essentially an advance layout of the “next generation standard for AI computing power infrastructure”: while the industry is still competing for a single hardware parameter, Super X has defined the “efficient operation paradigm” of AI data centers through vertical integration of “computing power+energy”. Its core value is reflected in three aspects: the first is the scarcity of the racetrack: HVDC is the “immediate technology needed” for AI computing power growth. Currently, there are only a few companies with large-scale commercial capabilities in the world. Super X has taken the lead in mastering mature technology proven by actual combat through joint ventures to form a differentiated competitive advantage; the second is growth certainty: as AI computing power demand doubles every year, the market size of energy solutions will expand simultaneously, and Super X's full-stack solution can deeply bind customers for a long period of time Demand, its “computing power+electricity” integration capability will continue to transform into revenue and profit growth; the third is ecological scalability: full link capability from power supply to computing power output, so that Super X can be extended to higher value-added fields such as AI cloud services and computing power scheduling in the future. Combined with Zhongheng Electric's technology accumulation in power digitalization and energy cloud platforms, it will further open up the growth ceiling.

In the new era of AI computing power “fighting for energy and efficiency,” Super X (SUPX) uses strategic joint ventures to break technical pain points, build core barriers with a full-stack layout, and seize market opportunities with a global perspective — it is not only a participant in AI infrastructure, but also a key holder of industry dividends. It is undoubtedly an investment target worth focusing on in the current global AI+ computing power circuit.