Range Intelligent Computing Technology Group was the only bidder in Hong Kong's initial tender for the Sandy Ridge Data Facility Cluster, committing approximately HK$24 billion. After securing a 50-year land grant in March 2026, the mainland Chinese company is seeking about HK$20 billion, or roughly $2.6 billion, in short-term bank financing for a project estimated at HK$23.8 billion. The facility is designed to provide up to 250,000 square meters of gross floor area and 180,000 PFLOPS (quadrillion floating-point operations per second) of computing power by 2032. The financing effort is being watched as a test of banks' willingness to support Hong Kong's AI infrastructure plans, amid concerns over repayment capacity, the site's limited infrastructure and demand concentration among Chinese AI firms.