CURRENC AI Data Center is a data center project in Johor Bahru, Malaysia, operated by CURRENC Group (Nasdaq fintech). It has been announced and has not yet reached the land or permitting stage. It is planned for 500 MW of IT load.
Record last checked against its sources on 21 October 2026.
Next gate to watch: Power arranged.
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 CURRENC AI Data Center ranks first 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.
It is the only CURRENC Group (Nasdaq fintech) project ArusGrid tracks. It sits on the CURRENC Johor AIDC campus. Named funding comes from CURR-ARC AI Fund 1 (target US$100m) on the equity side. No user of the capacity is on the public record as of 2026-10-03, after a check of operator, landlord, contractor, regulator and lender documents. Most colocation leases are confidential, so this says nothing about occupancy.
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 7 public sources for this project, the latest dated 7 October 2026, and last checked the record on 21 October 2026.
Construction or financing is evidenced, or several independent signals agree. The rules are fixed and published on the Methodology page.
stated AI DC purpose (speculative project)
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 2026-10-03. 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.
No figure has been announced. This range is 500 MW of planned IT load times a published benchmark of US$11.37 per watt for Malaysia, plus or minus 15 percent, with 10 percent more at the top for liquid cooling because the project is AI-positioned. It covers the building and its mechanical and electrical plant. It excludes land, grid works, servers and fees.
Benchmark: Turner & Townsend Data Centre Construction Cost Index 2025, as reported by Data Storage Asia. An estimate is never added to any total on the site.
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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