Woofun AI reports that Bitmain's equity value appreciated by more than 16% during intraday sessions, establishing a new historical peak and elevating its market capitalization to 965.6 billion yuan. This valuation surge coincides with broader industry speculation regarding domestic computing power procurement by major internet firms.

Concurrently, market chatter suggested ByteDance is negotiating with Tianya Zhixin for at least 50,000 AI inference chips, while positioning Huawei and Bitmain as potential alternative suppliers.

Unverified internal transcripts circulated online alleged that Bitmain’s primary models destined for ByteDance include the 580 and 690 series, with projections of 120,000 to 160,000 units of the 580 model in Q2 and the 690 model in H2. A Bitmain securities representative explicitly refuted these allegations, characterizing them as fabricated 'short essays' and confirming that no such internal communications occurred. The company advised investors to disregard unconfirmed narratives and depend solely on officially released information.