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Freedom Holding plans a $2bn Kazakhstan AI hub and a public GPU cloud
Freedom Holding will open its first public GPU cloud in 2027. Its CEO, Timur Turlov, met Nvidia's Jensen Huang in Astana last week, on Huang's first visit to the country. Freedom Holding Corp. is developing the $2bn hub under an agreement signed in November 2025 with Kazakhstan's Ministry of
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Freedom Holding plans $2B AI hub, public GPU cloud in 2027 By Investing.com
ASTANA, Kazakhstan - Freedom Holding Corp. (NASDAQ:FRHC) announced plans to develop a $2 billion Sovereign AI Hub in Kazakhstan and launch its first public GPU cloud in 2027, according to a press release statement. The company is developing the hub under an agreement signed in November 2025 with
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Freedom Holding Corp. announced a $2 billion sovereign AI hub in Kazakhstan, set to open its first public GPU cloud in 2027. CEO Timur Turlov met Nvidia's Jensen Huang in Astana, revealing demand already doubles the planned capacity. The 100MW facility will support AI model training and large-scale data processing for government and business clients.
Freedom Holding Corp., a Nasdaq-listed financial services group, is developing a $2 billion sovereign AI hub in Kazakhstan under an agreement signed in November 2025 with the country's Ministry of Artificial Intelligence and Digital Development
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. The company will serve as the principal financing and implementation partner for the project, which features a site with 100MW power capacity designed to support AI model training, large-scale data processing, and AI service development for business and government use2
.Timur Turlov, Freedom Holding's chief executive, revealed that demand already stands at twice the planned capacity of the Kazakhstan AI hub's first stage
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. Major prospective clients have expressed willingness to lease future capacity for five-year terms, signaling strong market confidence in the project2
. This early demand surge suggests the facility could expand beyond its initial scope to meet regional AI infrastructure needs.Freedom Holding plans to open its first public GPU cloud to businesses and developers in 2027, providing access to computing capacity for AI workloads
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. Separately, the Freedom AI Super Cluster, designed to serve government, business, and science sectors, is scheduled to begin its first phase in the first quarter of 20272
. A new Freedom Cloud data center is currently under construction near Almaty to support these initiatives1
. Freedom Cloud already serves more than 3,400 business and public-sector clients across Kazakhstan2
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On October 23, Turlov met with Jensen Huang, founder and CEO of Nvidia, in Astana during Huang's first visit to Kazakhstan
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. During the meeting, Turlov presented Freedom's technology ecosystem and AI infrastructure plans2
. While the company's statement does not name a chip supplier for the hub, the high-level meeting signals potential collaboration as Kazakhstan positions itself in the sovereign AI race1
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Source: The Next Web
Turlov emphasized that Kazakhstan has built a strong AI talent pool that already creates technology in e-commerce and finance
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. Combined with domestic AI infrastructure, he said this is becoming one of the country's main competitive advantages1
. The push mirrors global trends, as Nvidia and Palantir began selling a sovereign AI stack in September, while Malaysia has weighed Huawei chips for its own initiative1
. Freedom Holding's broader business operations span banking, brokerage, insurance, telecommunications, ticketing, travel, e-commerce, and food delivery services2
, providing a diverse foundation for its AI ambitions.Summarized by
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