CURRENC to Develop 500MW Hyperscale AI Data Center in Malaysia
CURRENC Group Inc. (Nasdaq: CURR) has announced plans to develop a 500MW hyperscale Artificial Intelligence Data Center (AIDC) in Johor, Malaysia. The company will acquire 100 acres of land for the campus, with Phase 1 (100MW) targeted for completion by end of 2026.
The AIDC will provide co-location and wholesale leasing solutions to hyperscalers, enterprise clients, and data center users. Construction of each phase will begin after securing long-term tenants for a substantial portion of the planned capacity. The facility aims to be one of Southeast Asia's largest AIDCs, supporting financial institutions' AI adoption.
Located 20km north of Singapore, Johor offers strategic advantages including direct fiber optic links, reliable power infrastructure, and attractive tax incentives from the Malaysian government. The project aligns with CURRENC's strategy to provide comprehensive AI solutions and lower entry barriers for financial institutions implementing AI technology.
CURRENC Group Inc. (Nasdaq: CURR) ha annunciato piani per sviluppare un Data Center Iper-scalabile per Intelligenza Artificiale (AIDC) da 500MW a Johor, Malaysia. L'azienda acquisirà 100 acri di terreno per il campus, con Fase 1 (100MW) prevista per il completamento entro la fine del 2026.
L'AIDC fornirà soluzioni di co-locazione e leasing all'ingrosso per hyperscalers, clienti aziendali e utenti di data center. La costruzione di ciascuna fase inizierà dopo aver garantito inquilini a lungo termine per una parte sostanziale della capacità pianificata. La struttura mira a diventare uno dei più grandi AIDC del Sud-est asiatico, supportando l'adozione dell'IA da parte delle istituzioni finanziarie.
Situata a 20 km a nord di Singapore, Johor offre vantaggi strategici tra cui collegamenti in fibra ottica diretti, infrastrutture energetiche affidabili e incentivi fiscali attraenti dal governo malese. Il progetto si allinea con la strategia di CURRENC di fornire soluzioni complete per l'IA e abbassare le barriere all'ingresso per le istituzioni finanziarie che implementano tecnologie di IA.
CURRENC Group Inc. (Nasdaq: CURR) ha anunciado planes para desarrollar un Centro de Datos Hiperescalable de Inteligencia Artificial (AIDC) de 500MW en Johor, Malasia. La compañía adquirirá 100 acres de terreno para el campus, con la Fase 1 (100MW) prevista para completarse a finales de 2026.
El AIDC proporcionará soluciones de co-localización y arrendamiento mayorista a hyperscalers, clientes empresariales y usuarios de centros de datos. La construcción de cada fase comenzará después de asegurar inquilinos a largo plazo para una parte sustancial de la capacidad planificada. La instalación tiene como objetivo convertirse en uno de los AIDC más grandes del sudeste asiático, apoyando la adopción de IA por parte de las instituciones financieras.
Ubicada a 20 km al norte de Singapur, Johor ofrece ventajas estratégicas que incluyen enlaces de fibra óptica directos, infraestructura energética confiable e incentivos fiscales atractivos del gobierno malayo. El proyecto se alinea con la estrategia de CURRENC de proporcionar soluciones integrales de IA y reducir las barreras de entrada para las instituciones financieras que implementan tecnología de IA.
CURRENC Group Inc. (Nasdaq: CURR)는 말레이시아 조호르에 500MW 규모의 하이퍼스케일 인공지능 데이터 센터(AIDC)를 개발할 계획을 발표했습니다. 이 회사는 캠퍼스를 위해 100에이커의 토지를 인수할 예정이며, 1단계 (100MW)는 2026년 말까지 완료될 목표입니다.
AIDC는 하이퍼스케일러, 기업 고객 및 데이터 센터 사용자에게 공동 위치 및 도매 임대 솔루션을 제공합니다. 각 단계의 건설은 계획된 용량의 상당 부분에 대한 장기 세입자를 확보한 후 시작됩니다. 이 시설은 동남아시아에서 가장 큰 AIDC 중 하나가 되어 금융 기관의 AI 도입을 지원하는 것을 목표로 합니다.
싱가포르에서 북쪽으로 20km 떨어진 조호르는 직접 광섬유 링크, 신뢰할 수 있는 전력 인프라 및 말레이시아 정부의 매력적인 세금 인센티브를 포함한 전략적 이점을 제공합니다. 이 프로젝트는 AI 솔루션을 제공하고 AI 기술을 구현하는 금융 기관의 진입 장벽을 낮추려는 CURRENC의 전략과 일치합니다.
CURRENC Group Inc. (Nasdaq: CURR) a annoncé des projets pour développer un Centre de Données Hyper-Évolutif d'Intelligence Artificielle (AIDC) de 500MW à Johor, Malaisie. L'entreprise va acquérir 100 acres de terrain pour le campus, avec la Phase 1 (100MW) prévue pour être achevée d'ici fin 2026.
L'AIDC fournira des solutions de co-localisation et de location en gros aux hyperscalers, clients d'entreprise et utilisateurs de centres de données. La construction de chaque phase commencera après avoir sécurisé des locataires à long terme pour une partie substantielle de la capacité prévue. L'établissement vise à devenir l'un des plus grands AIDC d'Asie du Sud-Est, soutenant l'adoption de l'IA par les institutions financières.
Situé à 20 km au nord de Singapour, Johor offre des avantages stratégiques, notamment des liaisons en fibre optique directes, une infrastructure énergétique fiable et des incitations fiscales attractives de la part du gouvernement malais. Le projet s'inscrit dans la stratégie de CURRENC visant à fournir des solutions complètes d'IA et à réduire les barrières à l'entrée pour les institutions financières mettant en œuvre des technologies d'IA.
CURRENC Group Inc. (Nasdaq: CURR) hat Pläne angekündigt, ein 500MW Hyperscale-Künstliche-Intelligenz-Datenzentrum (AIDC) in Johor, Malaysia, zu entwickeln. Das Unternehmen wird 100 Acres Land für den Campus erwerben, wobei die Phase 1 (100MW) bis Ende 2026 abgeschlossen sein soll.
Das AIDC wird Co-Location- und Wholesale-Leasing-Lösungen für Hyperscaler, Unternehmenskunden und Nutzer von Datenzentren bereitstellen. Der Bau jeder Phase beginnt, nachdem langfristige Mieter für einen wesentlichen Teil der geplanten Kapazität gesichert wurden. Die Einrichtung zielt darauf ab, eines der größten AIDCs in Südostasien zu werden und die KI-Adoption durch Finanzinstitute zu unterstützen.
Johor, 20 km nördlich von Singapur gelegen, bietet strategische Vorteile wie direkte Glasfaserverbindungen, zuverlässige Energieinfrastruktur und attraktive steuerliche Anreize der malaysischen Regierung. Das Projekt steht im Einklang mit der Strategie von CURRENC, umfassende KI-Lösungen anzubieten und die Eintrittsbarrieren für Finanzinstitute, die KI-Technologie implementieren, zu senken.
- Major infrastructure expansion with 500MW total capacity AIDC development
- Strategic location with direct access to Singapore's market
- Government tax incentives supporting operational efficiency
- Phased development approach reducing initial capital risk
- Secured tenant requirement before construction reduces occupancy risk
- Significant capital investment required for 100-acre development
- Project completion dependent on securing anchor tenants
- Extended timeline to full capacity with phased development
- Potential execution risks in large-scale infrastructure project
Insights
CURRENC's announcement to develop a 500MW hyperscale AI data center in Malaysia represents a strategic diversification of their business model. This move transforms the company from a pure-play fintech solutions provider into a hybrid model that includes critical AI infrastructure ownership.
The phased development approach demonstrates financial prudence. By starting with 100MW capacity in Phase 1 and requiring tenant commitments before breaking ground on each phase, management is effectively de-risking the capital expenditure while still positioning for substantial growth.
Johor's proximity to Singapore (just 20km north) provides strategic advantages while potentially offering lower operating costs than Singapore itself. Malaysia's government incentives, including tax benefits for both the company and employees, should enhance the project's long-term economics.
The AIDC will serve multiple customer segments through both co-location and wholesale leasing models, creating diversified revenue streams. This flexibility allows CURRENC to capture different market segments while maximizing facility utilization.
While the announcement lacks specific capital investment figures or projected financial returns, the infrastructure project creates a foundation for recurring revenue from long-term leases, complementing CURRENC's existing AI tools business. This dual-revenue model combines transaction-based income with infrastructure leasing, potentially reducing earnings volatility.
CURRENC's hyperscale AIDC project addresses a critical market need as financial institutions increasingly require massive computing resources to develop, train, and deploy AI models. The facility's 500MW capacity puts it in the upper tier of global data centers dedicated to AI processing.
The timing aligns perfectly with the rapid democratization of AI through open-source models like DeepSeek and Qwen, which are lowering deployment costs but simultaneously driving up computation requirements. As financial institutions transition from experimental AI to enterprise-wide implementation, infrastructure demand is growing exponentially.
Southeast Asia represents an underserved market for specialized AI computing infrastructure. Most hyperscale facilities are concentrated in the US, Europe, and Northeast Asia, creating a competitive advantage for CURRENC in this region.
The company's emphasis on both co-location and wholesale leasing demonstrates technical sophistication in data center operations. Co-location serves smaller clients needing managed services, while wholesale leasing targets hyperscalers and large enterprises requiring customizable bare infrastructure.
By leveraging its financial industry expertise alongside this new infrastructure play, CURRENC creates a unique value proposition: purpose-built AI computing environments optimized for financial applications, with direct integration capabilities to their existing AI tools. This synergy between infrastructure and software solutions could create significant competitive barriers.
Groundbreaking Infrastructure Project Propelling Global Financial Institutions’ AI Innovation
SINGAPORE, March 18, 2025 (GLOBE NEWSWIRE) -- CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced plans to acquire 100 acres of land in Johor, Malaysia, to build a hyperscale Artificial Intelligence Data Center (AIDC).
Featuring a total planned capacity of 500MW, the 100-acre AIDC campus will be developed in phases. Phase 1, comprising 100MW, is targeted for completion and operation by the end of 2026. The campus will provide co-location and wholesale leasing solutions to hyperscalers, enterprise clients, and other data center users, catering to diverse needs and ensuring a robust tenant base. Upon completion, the facility is expected to be one of Southeast Asia’s largest AIDCs and will serve as a cornerstone in CURRENC's strategy to accelerate financial institutions’ adoption of AI technology.
The Company is currently in discussions with anchor tenants. Construction of each phase of the facility will commence once the Company has secured long-term tenants to occupy a substantial portion of that phase’s planned capacity.
“This investment marks the beginning of a new chapter in CURRENC’s development, complementing our existing portfolio of AI tools for financial institutions,” said Alex Kong, Founder and Executive Chairman of CURRENC. “With open-source models such as DeepSeek and Qwen quickly reducing the cost of AI deployment and large language model training, AI is rapidly becoming a necessity to remain competitive in the financial industry, boosting global demand for AI technology and support. Our new AIDC will deliver unmatched computing power as well as the flexible, scalable infrastructure that financial institutions require to implement AI throughout their operations and thrive in the digital era. Bolstered by our AIDC, CURRENC’s comprehensive AI solutions will continue to lower entry barriers for financial institutions to adopt AI, empowering growth across the financial industry and leading the digital transformation in Southeast Asia and beyond.”
Johor, located approximately 20 kilometers north of Singapore, is rapidly emerging as Asia-Pacific's fastest-growing data center hub. The region offers outstanding international data connectivity with direct fiber optic links to Singapore, reliable power infrastructure and attractive tax incentives for both operators and employees offered by the Malaysian government. These favorable conditions position Malaysia as a prime destination for data center operations, particularly catering to the burgeoning demand across the ASEAN region.
About CURRENC Group Inc.
CURRENC Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered tools designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies, cryptocurrency exchanges and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.
Investor & Media Contact
CURRENC Group Investor Relations
Email: investors@currencgroup.com
FAQ
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