Freedom Holding Corp. to Build $2B Sovereign AI Hub in Kazakhstan Powered by NVIDIA

Rhea-AI Summary

Freedom Holding Corp (NASDAQ: FRHC) signed an agreement with Kazakhstan's Ministry of Artificial Intelligence and Digital Development to develop a $2 billion Sovereign AI Hub in Kazakhstan, to be operated by Freedom Holding and powered by sovereign exascale NVIDIA AI infrastructure.

The hub is planned at a Kazakhstan site with 100 MW of available power. The Ministry will provide favorable hosting conditions and lead talent development programs, while Freedom Holding will serve as principal financing and implementation partner.

Positive

• $2.0B project value committed
• 100 MW power capacity planned on-site
• Operated and financed by Freedom Holding
• Powered by sovereign exascale NVIDIA AI infrastructure
• Ministry support for hosting and talent development

Negative

• None.

Argus Nov 10 session

-1.52% close to close 0.9x rel. volume Open Argus

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News Market Reaction – FRHC

On Nov 10, the first trading day after this news, FRHC closed 1.52% below the previous close.

Data tracked by StockTitan Argus for the Nov 10 session.

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LAS VEGAS, Nov. 7, 2025 /PRNewswire/ -- Freedom Holding Corp. (NASDAQ: FRHC), a financial services and technology company has signed an agreement with the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan to develop a $2 billion Sovereign AI Hub in Kazakhstan. The hub will be operated by Freedom Holding Corp. and powered by sovereign exascale NVIDIA 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.

"Working with NVIDIA is an important step in implementing Kazakhstan's national AI strategy. We are building the foundation of a sovereign AI ecosystem that will strengthen our economy, enhance competitiveness, and unlock new opportunities for the entire region," said Zhaslan Madiyev, Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development.

"We are excited to be part of this transformative initiative to strengthen Kazakhstan's position in the global AI landscape. By combining our expertise with NVIDIA's advanced technologies and the visionary support of the Ministry, we aim to build a robust foundation for AI innovation and drive long-term growth throughout the entire Central Asian region," said Timur Turlov, CEO of Freedom Holding Corp.

About Freedom Holding Corp.

Freedom Holding Corp. provides financial services in 21 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom Insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and is a member of the Russell 3000 Index.

Contact

Head of Public Relations
Natalia Kharlashina
Freedom Holding Corp.
prglobal@ffin.kz
+77013641454

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SOURCE Freedom Holding Corp.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Freedom Holding announce on November 7, 2025 about FRHC?

Freedom Holding announced a signed agreement to build a $2 billion Sovereign AI Hub in Kazakhstan.

How large is the planned AI hub power capacity for FRHC's Kazakhstan project?

The planned site has 100 MW of available power.

Which technology partner will power FRHC's Sovereign AI Hub in Kazakhstan?

The hub will be powered by sovereign exascale NVIDIA AI infrastructure.

What role will Kazakhstan's government play in the FRHC AI hub project?

The Ministry will support favorable hosting conditions and lead related talent development programs.

What is Freedom Holding's role in the $2B Kazakhstan AI hub (FRHC)?

Freedom Holding will serve as the project's principal financing and implementation partner and operate the hub.