CRYPTO FLOW (08198) intends to cooperate with DC ARK in AI computing power and AI data center businesses.
CRYPTO FLOW (08198) announces that on October 27, 2026, Next Flow Technology Limited, a wholly-owned subsidiary of the Company, entered into a non-legally binding memorandum of understanding with DC ARK SDN BHD in respect of the proposed cooperation to develop AI computing power and AI data center businesses in Malaysia and other regions as may be agreed by the parties.
CRYPTO FLOW (08198) announces that on October 27, 2026, Next Flow Technology Limited, a wholly-owned subsidiary of the Company, entered into a non-legally binding memorandum of understanding with DC ARK SDN BHD in respect of the proposed cooperation in the AI computing power and AI data center businesses in Malaysia and other regions as may be agreed by the parties.
Pursuant to the MOU, the parties intend to explore cooperation in respect of, among others, the following aspects: (i) AI computing power services and cloud computing; (ii) AI data centers and related infrastructure; (iii) technical and operational cooperation; (iv) market cooperation, including customer and channel development, introduction of partners, and integration of industry resources; and (v) provision of funding support for the development and construction of AI computing power services and AI data centers. The parties may explore various forms of cooperation, including project cooperation, joint development, service cooperation, and the establishment of joint ventures or project companies, with specific arrangements to be set out in separate formal agreements.
The Directors believe that the MOU is in line with the Group's business development strategy and is expected to create synergies with the Group's existing businesses. By combining DC ARK's capabilities in AI application development, software development, and IT hardware trading with the Group's resources and experience in data center services, the proposed cooperation provides opportunities for the Group to: (i) expand its data center service scope to AI computing power services and AI data center-related businesses in Malaysia and other regions, integrating its existing large data center services with AI computing power deployment to generate synergies and broaden its revenue base; and (ii) capture new business opportunities arising from the growing demand for AI infrastructure and strengthen its industry resources and partner network.
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