Mobile-Health Network Solutions Secures $120M AI Data Center Deal in Malaysia

Mobile-Health Network Solutions Shares Rocket On AI Data Center Acquisitions Deal - Mobile-health Network (NASDAQ:MNDR)

Mobile-Health Network Solutions (NASDAQ:MNDR) shares are trading higher after the company disclosed a Memorandum of Understanding (MOU) with PPG PP GRID SDN. BHD. The deal entails acquiring project companies developing two high-capacity, AI-optimized data centers in Sarawak, Malaysia. Monetary Details Under the MOU, MNDR is expected to provide PPG with up to $120 million in compensation for the acquisition of these assets. The payment may be made through the phased issuance of up to three million (3,000,000) Class A ordinary shares, valued at $40 each, which is over 13 times their $3.04 market price at yesterday's close. PPG will secure all permits and land rights for the data centers, while MNDR retains majority control, with PPG founders joining the board. The deal, subject to due diligence and regulatory approvals, is expected to result in a definitive SPA being signed within 90 days. Acquired Assets The data centers include a 25MW facility, planned for completion in the third quarter of 2027, with the possibility of early activation before the fourth quarter of 2026. The other 150MW facility is targeted for completion by the end of 2028. Once finished, these data centers will power and support the growth of MNDR's AI-driven health and technology ecosystem. Management Commentary "By securing these data centers and the low-cost green energy they will provide, we can significantly reduce the long-term costs of operating our ecosystem's high-density workloads, thereby ensuring maximum scalability for this unique platform," MNDR Co-CEO Dr. Siaw Tung Yeng said. "In addition, these data centers and the excess AI computing power they offer will facilitate the global launch of two other new services: our Token as a Service (TaaS) and AI-Powered Healthcare Platform as a Service (APaaS). These services can help position us as a catalyst in supporting the growing digital transformations currently in progress across Southeast Asia and Africa." Price Action: MNDR shares are up 28.62% at $3.91 at the last check on Friday. Read Next: Ripple Proposes Radical Technical Change, But XRP Flows Are Reason For Concern Photo: Shutterstock MNDRMobile-health Network Solutions$4.1135.0%OverviewMarket News and Data brought to you by Benzinga APIs

Mobile-health Network Solutions stock soars after securing AI data centers By Investing.com

Investing.com -- Mobile-health Network Solutions (NASDAQ:MNDR) stock surged 60% after the AI HealthTech platform announced signing a binding Memorandum of Understanding to acquire two high-density AI-optimized data centers in Sarawak, Malaysia. The agreement with PPG PP GRID SDN. BHD. involves a 25MW facility targeted for completion by the third quarter of 2027 and a 150MW facility expected by year-end 2028. MNDR plans to use these facilities to power and expand its AI-powered health and technology ecosystem. Under the terms of the MOU, MNDR is expected to issue compensation to PPG valued at up to $120 million, potentially through the staged issuance of a maximum of 3 million Class A ordinary shares at an agreed valuation of $40 per share - more than 13 times their previous closing price of $3.04. "This acquisition, we believe, will provide the linchpin for our global expansion and scaling of our proprietary AI-powered health and technology ecosystem," said MNDR Co-CEO Dr. Siaw Tung Yeng. "By securing these data centers and the low-cost green energy they will provide, we can significantly reduce the long-term costs of operating our ecosystem's high-density workloads, thereby ensuring maximum scalability for this unique platform." The company also plans to use the data centers to launch two new services: Token as a Service (TaaS) and AI-Powered Healthcare Platform as a Service (APaaS). Per the agreement, PPG will be responsible for securing all necessary licenses, permits, approvals, and land rights for the data centers, while MNDR will maintain majority voting control. The first definitive share purchase agreement is expected within 90 days, according to Dr. Siaw. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.