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VNET: Wholesale Data Center Revenue Jumps 29% As Capacity In Service Reaches ...
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Fusion42 · 20 August 2026 · Fusion42 review
VNET's wholesale data center revenue rose 29.3% year over year to approximately $162.8 million in Q2 2026 as capacity in service grew 49.4% to 1,007MW, pushing wholesale revenue above retail and driving total company revenue up 14.2%. The company secured a 345MW wholesale order from a leading cloud provider and expanded its land bank to over 4GW, signaling strong growth and capacity build-out in both domestic and international markets.
This Wire brief sits within Fusion42's coverage of Cloud Infrastructure.
◆ ◆ The Wire takeaway
You have a clear opening as VNET shifts its growth engine to wholesale data centers with high capacity commitments and expanding land reserves. This signals a growing market for wholesale data capacity, especially if you target cloud service providers needing scale.
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1 source · 20 Aug 2026
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