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Dr. Han, founder of Gate, delivered a keynote speech at the headquarters of the F1 Red Bull Racing team, sharing insights on industry transformation and Gate's strategic layout

On November 9, Gate founder and CEO Dr. Han was invited to the headquarters of the F1 Red Bull Racing team in Milton Keynes, UK, to participate in the "Racing the Future Vol.5" series of events and deliver a keynote speech. During this time, Dr. Han engaged in discussions with F1 Red Bull Racing team CEO and team principal Laurent Mekies, exploring global market expansion, technological innovation, and future cooperation directions.The keynote sharing session was opened by Gate Europe CEO Dr. Giovanni Cunti. Following this, Dr. Han delivered a keynote speech titled "New Rules, New Grid: Be Ready for Crypto's New Era," starting from the changes in F1 regulations to discuss the reshaping of the crypto industry under security risks, tightening regulations, and the rapid development of emerging businesses.In the face of industry changes, Dr. Han shared Gate's three major forward-looking layouts: in terms of security, launching the PoSEC fund security proof to enhance the transparency of fund storage; in terms of compliance, continuously promoting global market layouts, with compliance coverage in 81 jurisdictions; in terms of business, expanding financial services such as Gate Pay and Gate Money to promote the integration of digital assets with traditional finance.As the official sponsor of the F1 Red Bull Racing team and exclusive cryptocurrency trading platform partner, Gate also visited the Red Bull Racing factory to gain an in-depth understanding of its technology research and development and racing engineering system. In the evening, a high-profile networking dinner was held, gathering executives from both sides and invited guests to engage in in-depth discussions on technological innovation, global market expansion, and cross-industry cooperation, further deepening the cooperative relationship between the two parties.Disclaimer: This event is for entertainment and social interaction purposes only and does not constitute any offer, solicitation, or recommendation. UK users are not allowed to use Gate services through Gate.com and can only use services provided by Gate UK. Gate will not promote or provide products or services on Gate.com in restricted areas (including the UK).

first_img AI data centers are turning to second-hand gas turbines, with new machine delivery cycles lasting up to 6 years

According to a report by Decrypt, due to the long delivery cycle of new gas turbines, AI data center developers are turning to second-hand gas turbines and retired jet engines. Data from the energy consulting firm Wood Mackenzie shows that the average delivery time for new gas turbines in the United States has reached 6 years, with related delivery discussions focusing on 2030 and 2031. Reuters reports that global gas turbine orders have exceeded 100 gigawatts, while manufacturers' annual production capacity is estimated to be only 60 to 70 gigawatts. Siemens Energy, GE Vernova, and Mitsubishi Heavy Industries have all stated that order growth exceeds production capacity.One response is to retrofit gas turbines based on aircraft jet engine technology. AI infrastructure company Crusoe ordered 13 units from ProEnergy in Missouri in April, each with a rated power of 50 megawatts, totaling 650 megawatts, for future data centers in the United States. Equipment brokers and energy analysts say that well-maintained second-hand turbines sell for about $1.5 million to $1.7 million per megawatt, while new ones cost about $2 million to $2.5 million per megawatt.The International Energy Agency expects global data center electricity consumption to increase from 485 terawatt-hours in 2025 to 950 terawatt-hours in 2030, with electricity consumption for AI facilities expected to double during the same period. The U.S. Environmental Protection Agency states that stationary turbines and engines used by data centers must comply with federal air pollution standards. Finnish manufacturer Wärtsilä told Reuters that it has received orders for about 3 gigawatts of gas engine generators from U.S. data centers since spring 2025.
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