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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.

Investor deck
ESG Policy

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 TCDD (design); TCCF after launch
2024
2025
2026
2027
2028
2029
2030
Data Center 1
5.2 MW
Construction & commissioning
Connection
Uptime TCDD 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
TCDD"Uptime TCDD Tier IV Certification" — certification of design documents. It confirms the design, not the built hall. TCDD is not TCCF.
TCCF"Uptime TCCF Tier IV Certification" — certification of the constructed facility after on-site testing. Planned April 2027. Separate from TCDD.
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.

Frequently asked

What clients ask us.

What are the headline investment metrics?

$354M CAPEX, 27% IRR, NPV $361M, 7-year payback. At 90% utilization the model shows $110M revenue and $71M EBITDA; a 15× exit implies $1,370M terminal value.

How full is demand before launch?

The sales pipeline is 107% of DC-1 capacity — 5.54 MW reserved against the first building — before the May 2027 launch.

How does Akashi compare to other Kazakhstan data centers?

The published comparison puts Akashi at 4,224 racks versus Kaztelecom 1,552, Freedom 1,200, Transtelecom 851, and Kazteleport 233 — with Tier IV target availability of 99.995%.

What is the build roadmap through 2030?

Four DC buildings on 11 hectares, scaling toward 100 MW IT capacity. DC-1 is 5.2 MW (construction through 2027, then connection). Uptime TCDD (design documents) is listed; the TCCF constructed-facility audit is planned for April 2027. TCDD is not TCCF. Later buildings add 12 MW steps.

Where can I download the investor materials?

The investor deck is on this page (EN and RU PDFs). The approved ESG Policy is also linked here in English, Russian, and Kazakh.

Submit a request

We reply within one business day.

Questions about colocation, partnership, or the project? Reach out however suits you.

form
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
357
days remaining

One quarterly email. See our Privacy Policy .