Nasdaq-listed Freedom Holding Corp said it has signed an agreement with Kazakhstan’s Ministry of Artificial Intelligence and Digital Development to build a $2 billion “Sovereign AI Hub,” positioning the Central Asian nation to host one of the region’s largest dedicated artificial-intelligence facilities.
The project will be operated by Freedom and powered by sovereign exascale Nvidia (NASDAQ:NVDA) AI infrastructure, according to the company.
The ministry will back the initiative by setting conditions for hosting and operating large-scale AI systems and by leading talent-development programs tied to the rollout.
The hub is planned for a site in Kazakhstan with 100 megawatts of available power, a scale that puts it in the class of hyperscale data centers.
Freedom will act as the principal financing and implementation partner, with the build intended to support the government’s strategy to expand local AI capability and attract workloads from across Central Asia.
No timeline, financing breakdown, or procurement details were immediately disclosed.
It was also not clear whether the power allocation refers to initial capacity or a fully built configuration, or how much of the compute stack will be dedicated to public-sector versus commercial users.
The deal comes as governments seek “sovereign” AI capacity to keep data and model training inside national borders while tapping global chip and software ecosystems.
Nvidia has positioned its systems as the backbone for such deployments.
Freedom, which has operations in 21 countries and a principal executive office in New York, has in recent years expanded a Kazakhstan-centered consumer and financial services platform that includes banking, brokerage, and insurance.
Its shares trade on Nasdaq, the Kazakhstan Stock Exchange, and the Astana International Exchange under the FRHC ticker.
Officials said the hub is intended to help strengthen Kazakhstan’s competitiveness, deepen AI expertis,e and support long-term growth in digital industries.
