Freedom Holding to build $2B sovereign AI Hub in Kazakhstan

Freedom Holding (FRHC) has signed an agreement with the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan to develop a $2B Sovereign AI Hub in Kazakhstan. The hub will be operated by Freedom Holding Corp. and powered by sovereign exascale Nvidia (NVDA) AI infrastructure, as part of a major strategic initiative to accelerate Kazakhstan’s and Central Asia’s AI leadership. The Ministry will support favorable conditions for hosting and operating large-scale AI systems and lead related talent development programs. The anticipated hub is planned to be located at a site in Kazakhstan with 100 MW of available power, with Freedom Holding Corp. serving as the principal financing and implementation partner.