FRHC Shares Surge +6.25% as CEO Confirms Plan to Raise $300-$500M via US Bonds to Fund AI Data Center Expansion

Freedom Holding Corp. (FRHC) shares surged +6.25% after CEO Timur Turlov announced the company is exploring offering $300–$500 million in bonds to fund ambitious infrastructure projects and potential acquisitions.

• The company is considering offering the bonds to US investors or through yuan-denominated sales.
• Between $200 million and $300 million of the capital is dedicated to developing data centers and telecom infrastructure to provide cloud capacity to clients like Amazon and Microsoft.