Freedom Holding Corp. shares rose 7.08% after CEO Timur Turlov announced aggressive expansion plans, including raising $300-$500 million through U.S. dollar bonds.
- The capital raised is specifically designated for developing telecom infrastructure and new data centers.
- The strategic goal is to sell data capacity to global cloud giants, such as Amazon and Microsoft.
- This technological focus reinforces the holding company's connection to its ongoing $2 billion AI initiative.