CRYPTO FLOW (08198) announced that on October 27, 2026, its wholly-owned subsidiary Next Flow Technology Limited entered into a non-legally binding memorandum of understanding with DC ARK SDN BHD regarding a proposed collaboration to develop artificial intelligence computing power and artificial intelligence data center businesses in Malaysia and other regions as may be agreed by the parties.
According to the memorandum of understanding, the parties intend to explore cooperation in, among other things, the following areas: (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 memorandum of understanding aligns with the group's business development strategy and is expected to generate synergies with the group's existing businesses. By combining DC ARK's capabilities in AI application development, software development, and information technology hardware trading, together with the group's resources and experience in data center services, the proposed cooperation provides the group with opportunities 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-scale 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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