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Akashi Data Center
CAPEX $354M · IRR 27% · 7-yr payback
Investor case

Unlock growth through
Akashi infrastructure.

A Tier IV data center with a pre-launch pipeline already 107% filled, $354M CAPEX, and unit economics that beat every Tier III operator in Kazakhstan.

Investment highlights

CAPEX

$354M

Investment in Tier IV infrastructure

IRR

27%

Driven by stable demand and utilization

Payback

7 yrs

Long-term client contracts

EBITDA

$71M

Forecasted at 90% utilization

NPV

$361M

Project net present value

Power

100 MW

Peak scaling capacity

Expansion

Leader among data centers in Kazakhstan.

Kazakhstan's data center market is thriving — driven by digital transformation, cloud services, and AI. Akashi leads with 4,224 racks and Tier IV availability, outperforming all competitors.

2× growth

Kazakhstan's data center market is experiencing double-digit growth fueled by cloud services, digitalization, and AI development.

Akashi's leadership

The Akashi data center leads with 4,224 racks and Tier IV-level availability (99.995%), significantly surpassing Tier III competitors.

★ Akashi 4,224 racks
Kaztelecom 1,552 racks
Freedom 1,200 racks
Transtelecom 851 racks
Kazteleport 233 racks
Project roadmap

Phased deployment through 2030.

2024 — 2030
Phased rollout · Tier IV certified
2024
2025
2026
2027
2028
2029
2030
Data Center 1
5.2 MW
Construction & commissioning
Connection
Uptime TCCD Tier IV
Uptime TCCF Tier IV
Data Center 2
12 MW
Construction & commissioning
Connection
Data Center 3
12 MW
Construction & commissioning
Connection
Data Center 4
12 MW
Construction & commissioning
Connection
Infrastructure
Construction & commissioning
Connection
Construction & commissioning Connection Uptime Tier IV certificate
TCCD"Uptime TCCD Tier IV Certification" — certification of design documentation, confirming compliance with Tier IV design standards.
TCCF"Uptime TCCF Tier IV Certification" — certification of the completed facility, confirming readiness and operations in line with Tier IV standards.
Blocks 2–4 are planned to be designed in collaboration with a strategic partner, bringing in marketing, technological, and operational expertise.
Projected operating profit

Strong unit economics, fast payback.

Forecasted EBITDA: $71M at 90% capacity utilization.

CAPEX
$354M

Investment in world-class Tier IV infrastructure

IRR
27%

High return driven by stable demand and utilization

Payback
7 yrs

Rapid return on investment through long-term contracts

Technical specifications

11-hectare campus, purpose-built for Tier IV.

The complex is located on an 11-hectare site in the industrial zone of Astana, featuring a dedicated 110/10 kV power line and substation (63 MVA supplied, technical conditions for 100 MW).

Four independent buildings with a total of 4,000 server racks provide scalability and redundancy, ensuring maximum reliability and uninterrupted data center operations.

A separate administrative building with a 24/7 control center oversees security, engineering systems, and networks — guaranteeing continuous operation across the entire campus.

Site area
11 ha
Power line
110 / 10 kV
Substation supply
63 MVA
Technical conditions
100 MW
Independent buildings
4
Total server racks
4 000
Akashi Tier IV facility — Astana
Akashi data hall interior
Economics

Project cash flows.

At 90% utilization: $110M revenue, $71M EBITDA. A 15× exit yields $1,370M terminal value, NPV of $361M, and IRR of 27%.

Project economics @ 90% utilization
USD millions
NPV $361M
IRR 27%
Metric DC 1DC 2DC 3DC 4Total
IT capacity, MW 5.212121241.2
Utilization 90%90%90%90%90%
Revenue 17.2530.7530.7530.75110
Electricity cost 255517
Gross profit 13.2523.2523.2523.2583
EBITDA 10.2520.2520.2520.2571
Terminal value (×15) 223.25382.25382.25382.251370
CAPEX 65969696354
NPV 52.25106.25101.25101.25361
1. Figures match the current investor deck (Q3 2026 model).
2. Terminal value assumes a 15× exit multiple.
3. Campus totals: $110M revenue, $71M EBITDA, NPV $361M, IRR 27%.
4. Discount rate and inflation treatment as in the investment presentation.
Industry leadership

Why Akashi outperforms.

01

Technological superiority

While competitors rely on Tier III with a PUE of 1.2–1.6, Akashi delivers Tier III and Tier IV with optimized energy efficiency and maximum reliability.

02

Economies of scale

Competitive pricing: ~$1,956 per 10 kW/month with flexible scalability tailored to any business need.

03

Alignment with global trends

The market is moving to high-density 80–120 kW workloads with intelligent cooling. Akashi already implements liquid cooling and AI-driven management.

04

Strong unit economics

Each 10 kW rack generates over $20,000 in annual gross profit — sustainable returns and strong investor appeal.

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Progress updates

Quarterly reports from the build site —
direct from the engineering team.

Commissioning milestones, capacity releases, and Tier IV certification progress. Short, substantive, zero marketing — one email per quarter.

  • 01 Construction and commissioning milestones, with dated evidence.
  • 02 Capacity releases — racks and MW opening for reservation.
  • 03 Uptime Institute audit status and certification timelines.
telemetry
live
site power
48.34
MW
racks reserved
2,576 / 4,224
61%
optical entries
4 / 4
redundant
tier IV audit
413
days remaining

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