KIDZ AI takes 2% stake in Cambodia data center
- KIDZ AI agreed to acquire a 2% minority equity stake in HUADING DEVELOPMENT (CAMBODIA).
- The investment targets Cambodia’s national Tier III cloud data center in Phnom Penh.
- KIDZ AI would gain potential access to up to 1 MW of data center capacity for AI and GPU deployments.
KIDZ AI (NASDAQ:KIDZ) agreed to acquire a 2% minority equity stake in HUADING DEVELOPMENT (CAMBODIA), the owner of Cambodia’s national Tier III cloud data center in Phnom Penh.
The proposed transaction would make KIDZ AI a strategic equity partner in an operational, power-connected, carrier-neutral facility designated by the Royal Government of Cambodia as the national cloud data center.
The data center is designed for 99.98% uptime and includes dual-feed utility power, redundant transformers, generators, UPS systems, precision cooling, and connections to three international submarine cable systems linking Cambodia with Hong Kong, Vietnam, Malaysia, and Singapore.
KIDZ AI would receive a three-year right of first refusal to lease up to 1 MW of data center load and a 30-day exclusive right of first offer on future capacity expansions.
KIDZ AI develops artificial intelligence-related technology solutions and is expanding its infrastructure strategy to support AI and GPU computing requirements.
The proposed equity acquisition and capacity rights remain subject to due diligence, regulatory approvals, third-party consents, and customary closing conditions, and KIDZ AI stated that the transaction may not be completed.
