BAKU, Azerbaijan, November 7. Vyacheslav Kim, owner of Kazakhstan’s Alatau City Bank, and DDH (North America), with the support of the Ministry of Artificial Intelligence and Digital Development of Kazakhstan, have signed a Memorandum of Understanding valued at $300 million, TurkicWorld reports via the Kazakh ministry.
The agreement aims to strengthen strategic partnership in digital mining, modernize energy and computing infrastructure, and attract private investment for the development of state-of-the-art data centers, enhancing transparency and efficiency in Kazakhstan’s mining industry.
DDH operates in the digital mining sector in the U.S., managing data centers and implementing advanced technologies in high-load systems.
The signing took place within the frame of the official visit of President Kassym-Jomart Tokayev to the U.S., during which 29 bilateral agreements worth approximately $17 billion were concluded between Kazakhstan and the U.S. across industry, energy, education, digitalization, and innovation.
