AirTrunk JHB2 is a data center project in Iskandar Puteri, Malaysia, operated by AirTrunk. It is under construction. It is planned for 270 MW of IT load.
Record last checked against its sources on 22 October 2026.
Next gate to watch: Tenant or own use.
Build odds is ArusGrid's reading of the public record, not a forecast, a rating or advice. It counts the gates this project has passed in public sources. Private progress does not show, a passed gate can be undone, and projects that pass every gate still stop. The method has not yet been tested against outcomes. How it works.
How Malaysia approves, powers and taxes data centers is on Data center rules in Malaysia.
Johor holds 43 active projects with 4,880 MW of planned IT load between them, and AirTrunk JHB2 ranks 7th by planned capacity. Of those, 3 are operational, 9 are operational and expanding, 11 are under construction, 1 is past financial close, 5 are at the land and permitting stage and 14 are announced only. Published colocation vacancy in Johor was 0.7% as of June 2026, on 897 MW of operational colocation capacity as counted by Cushman & Wakefield. Vacancy excludes hyperscaler self-build.
AirTrunk has 3 others in Malaysia and 8 projects elsewhere in the dataset tracked by ArusGrid, including AirTrunk JHB1, AirTrunk JHB4 and AirTrunk JHB3. It sits on the AirTrunk JHB2 campus. Named funding comes from Blackstone and CPP Investments on the equity side. No user of the capacity is on the public record as of 2026-10-01, after a check of operator, landlord, contractor, regulator and lender documents. Most colocation leases are confidential, so this says nothing about occupancy.
The money on record is RM9.7bn (about US$2.2bn) as of February 2025, the announced investment. Power comes from TNB through grid supply. Cooling uses direct liquid cooling, with a design PUE of 1.37.
Grid power for a large industrial user in Malaysia costs about US$0.14 per kWh as of July 2025, the country figure ArusGrid applies where a site has no published rate. The US export control position for advanced AI chips in Malaysia, as of 27 September 2026, is recorded as “No US destination-based licence requirement as enforced”. ArusGrid holds 8 public sources for this project, the latest dated 29 July 2026, and last checked the record on 22 October 2026.
Construction or financing is evidenced, or several independent signals agree. The rules are fixed and published on the Methodology page.
Reaching this stage requires a dated construction source, which corroborates the project on its own.
AirTrunk liquid-cooled design standard
This country carries no US destination-based licence requirement for advanced AI chips as the rules are enforced today. Access is a commercial matter between the project and its vendors. Criteria are published on the Methodology page.
No US destination-based licence requirement as enforced · No US destination-based licence requirement as enforced (2026-09-27) source
Checked on 2026-10-01. No user of this capacity is on the public record. ArusGrid read the operator's releases, the landlord's and contractors' exchange filings, regulator and lender documents and interconnection records. Most colocation leases are confidential, so this says nothing about occupancy.
The figure covers several facilities.
Platform capital spans several sites. It is never added to this project's own figure.
No published price band exists for Malaysia, and ArusGrid does not estimate from the regional benchmark alone. What was searched is listed on the Colo prices page.
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Project team on other projects: Leighton (Malaysia)