Token Cat and Better Now Partner to Develop 30MW AI Data Center in New York

Token Cat and Better Now Partner to Develop 30MW AI Data Center in New York December 19, 2025 In a move highlighting the intensifying global race for AI infrastructure, Chinese technology firm Token Cat and US-based Better Now have announced a strategic partnership to develop and operate a new artificial intelligence data center in New York. The collaboration underscores the critical importance of securing power and strategic locations to support the next generation of compute-intensive workloads. The two companies have entered into a master service agreement for the project, which represents a significant strategic pivot for Token Cat. Formerly known as TuanChe, a leading Chinese automotive marketplace, the company rebranded earlier this year and has been actively diversifying its portfolio. In 2024, it announced a foray into the cryptocurrency sector, and recently appointed blockchain expert Sav Persico as its chief operating officer to accelerate its cryptomining strategy. Under the terms of the New York partnership, Token Cat will be responsible for overall project planning and funding, while Better Now will act as the local execution partner, leveraging its expertise to navigate regional regulatory requirements. The project is planned as a multi-phase rollout aiming for a total capacity of 30 megawatts (MW). The company has already secured access to an initial 12MW of power capacity to serve as the foundation for the first phase of development. Token Cat CEO Guangsheng Liu framed the deal as part of the company's broader overseas expansion. "Our collaboration with Better Now represents meaningful progress in the company’s overseas infrastructure initiatives," Liu stated. "Leveraging our existing power resources, we intend to steadily advance the development of a 30MW-scale AI data center project while exploring long-term growth opportunities in a disciplined and compliant manner." The announcement follows a recent and ambitious financial commitment by Token Cat to the digital asset space. Shortly after Persico's appointment, the company's board approved a $1 billion crypto asset investment—a substantial sum given its market capitalization of approximately $25 million. Persico, who in November described the crypto asset industry as "entering a critical stage of enterprise adoption," has emphasized a long-term, technology-driven approach. Liu characterized the billion-dollar allocation as "an important step in strengthening our asset strategy," while Persico noted the assets were viewed as "long-term value reserves, not speculative tools." The New York data center project signals Token Cat's intent to bridge its crypto mining ambitions with the surging demand for AI computing power. For the data center industry, the deal exemplifies the evolving landscape where traditional and emerging digital infrastructure demands, from cryptocurrency to artificial intelligence, increasingly compete for the same critical resources: reliable power and strategic real estate. Source: datacenterdynamics