Core AI Announces Planned Partnership with Premier Data Center Developer to Accelerate AI Infrastructure Expansion in Malaysia
Miami, Feb. 04, 2026 (GLOBE NEWSWIRE) — Core AI Holdings, Inc. (Nasdaq: CHAI) (“Core AI” or the “Company”), a global AI-focused technology and investment platform, today announced that it entered into a Memorandum of Understanding (MOU) with CSPM Resources SDN BHD (“CSPM”), one of Malaysia’s most experienced and respected data center developers, to pursue next-generation AI-ready data center opportunities in the region.
Aitan Zacharin, CEO of Core AI Holdings, Inc, said:
This partnership represents an important execution milestone in our global AI data center initiative,
“Global hyperscalers are investing billions of dollars in Malaysia, including major commitments from Amazon Web Services, Oracle, Google, TikTok, and Microsoft, and partnering with CSPM positions Core AI to capitalize on the opportunities created by these investments. As hyperscalers increasingly require turnkey, AI-optimized facilities, CSPM stands out as one of the region’s most experienced developers and trusted partners. We believe that by leveraging CSPM’s technology, high level technical expertise, and deep industry and government relationships we will have an advantage in the market. Together, we see a compelling opportunity to capture a meaningful share of these multi-billion-dollar investments by repositioning existing facilities for the AI era.”
We are proceeding to draft and negotiate definitive agreements to formalize our collaboration.
Strategic Entry into a Rapidly Expanding Market
Through the partnership Core AI and CSPM plan to identify existing edge computing data centers and retrofit and expand them into Tier 3 or Tier 4 AI-capable facilities. By leveraging existing facilities, power access and network connectivity, our collaboration is designed to significantly shorten development timelines, with operational readiness potentially achieved in approximately 12 months. Once upgraded, the facilities are expected to be operated as co-location assets or positioned for sale to hyperscalers seeking fully built, AI-ready infrastructure.
Malaysia’s data center market is projected to grow from $4 billion in 2024 to $13.6 billion by 2030, representing a compounded annual growth rate of 22.4%.1
Local Expertise and Structural Advantages
CSPM has long been at the center of Malaysia’s data center industry and is among a select group of developers capable of delivering complex, mission-critical facilities. The company has designed, built and supported data centers for global hyperscalers and cloud leaders and has played a foundational role in many of Malaysia’s existing edge computing and high density AI data center facilities.
CSPM’s deep integration in the local ecosystem is a key differentiator for the joint venture. The company maintains longstanding relationships with government authorities, utilities and financial institutions, supporting access to additional energy allocations and streamlined regulatory approvals.
Bryan Tan, CEO of CSPM, said:
Malaysia has emerged as a leading destination for data center investment in Southeast Asia, driven by hyperscaler investment, strong infrastructure fundamentals and government support,
“As demand shifts toward AI-intensive workloads, we see the need for AI-ready data centers is growing significantly. Many existing edge facilities are strategically located but were not designed to meet the power, cooling and redundancy requirements of modern AI workloads. We believe there is a significant opportunity to upgrade and repurpose existing assets rather than pursue slower, more capital-intensive greenfield developments. We selected Core AI as a partner for its AI-focused data center strategy, and disciplined investment approach, to collaborate on pursuing AI data center opportunities in Malaysia. By combining Core AI’s strategic vision with our local expertise and relationships, we can provide fast, flexible and connected solutions while capturing a meaningful share of this high-growth market.”
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Core AI Announces Planned Partnership with Premier Data Center Developer to Accelerate AI Infrastructure Expansion in Malaysia, source
