Skip to main content

CURRENC to Develop 500MW Hyperscale AI Data Center in Malaysia

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 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

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.