Kazakhtelecom seeks billions for Ekibastuz data center valley with NVIDIA

September 17, 2026 at 05:53 PM1 min

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Kazakhtelecom is seeking billions of dollars to finance the Ekibastuz data center valley project. Chairman Bagdat Mussin said the company is using AIFC bonds, Development Bank of Kazakhstan funds, and talks with international financial institutions. The project involves NVIDIA-based servers and aims for at least 300 MW capacity.

Key Facts

Kazakhtelecom chairman Bagdat Mussin said the Ekibastuz data center valley project may require several billion dollars.
The company is using AIFC bonds and Development Bank of Kazakhstan funds, and is in talks with Chinese and American institutions.
Kazakhstan signed an agreement with Firebird Inc. for computing projects involving NVIDIA, with expected investment of $10 billion.
The data centers will have capacity of at least 300 MW, with possible expansion to 1 GW.

Financing Search

Kazakhtelecom is seeking billions of dollars for the Ekibastuz data center valley project, chairman Bagdat Mussin told Reuters. The company is using bonds on the Astana International Financial Centre and funds from the Development Bank of Kazakhstan. Mussin said Kazakhtelecom is also negotiating with Chinese and American financial institutions, though exact amounts and timelines are not yet known.

NVIDIA Partnership

Kazakhstan signed an agreement with Firebird Inc. for computing projects involving NVIDIA. The Future Data Center Valley project is expected to attract $10 billion in investment. The data centers will use servers based on NVIDIA graphics processors. Capacity will be at least 300 MW, with possible increase to 1 GW.