Chinasoft International (HKG:0354) will enter the computing power business as part of its artificial intelligence strategy, according to a Wednesday Hong Kong bourse filing.

The company plans to procure high-end AI servers in phases, build computing infrastructure, and develop related businesses, with funding to come from internal resources and external financing.

Chinasoft said the business will focus on three areas, comprising computing hardware sales, computing power leasing, and sales of large-model inference tokens.

Shares of the IT firm were up over 2% in Thursday morning trade.