Fintech company Currenc Group has unveiled plans to acquire land spanning 100 acres in Johor, Malaysia, for the development of a hyperscale AI data centre (AIDC).
The planned AIDC campus, which is set to feature a total capacity of 500MW, is to become one of the largest in Southeast Asia upon completion.
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The development will occur in stages, with Phase 1, encompassing 100MW, scheduled for completion by the end of 2026.
The campus is designed to offer co-location and wholesale leasing solutions, catering to a range of clients.
The facility is expected to bolster Currenc’s strategy to expedite the adoption of AI technology by financial institutions.
The company is currently in discussions with potential anchor tenants and will initiate construction on each phase of the facility after securing long-term tenants for a portion of the planned capacity in that phase.
Currenc founder and executive chair Alex Kong said: “This investment marks the beginning of a new chapter in Currenc’s development, complementing our existing portfolio of AI tools for financial institutions.
“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.”
Johor, which is situated approximately 20km north of Singapore, is becoming a key data centre hub in the Asia-Pacific region.
It offers international data connectivity with direct fibreoptic links to Singapore and tax incentives provided by the Malaysian government for both operators and employees.
Last month, ST Telemedia Global Data Centres began construction on a new data centre, STT Johor 1, within its STT Johor data centre campus.
