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VCI Global Limited (VCIG) announced a convertible note financing facility of up to $51 million to support expansion of its sovereign AI infrastructure and establish a bitcoin treasury reserve.
The Malaysia-based technology platform company plans to allocate $20 million of the proceeds to gradually acquire bitcoin as a digital reserve asset. The convertible note includes a floor conversion price of $1.20 per share.
The remaining funds will be used to deploy AI infrastructure across Southeast Asia, featuring military-grade and quantum-resistant encryption technologies. The infrastructure includes secure data storage, encrypted AI GPU and CPU servers, secure communication devices, and SIM-layer encryption systems designed for institutional and governmental requirements.
Additional proceeds will provide working capital to expand the company’s presence in cybersecurity, AI, and fintech sectors targeting enterprise and sovereign markets.
"Data sovereignty and monetary sovereignty are converging. As we build infrastructure to safeguard national intelligence and encrypted data flows, we believe Bitcoin belongs on our balance sheet, not just as a hedge, but as a core monetary asset that represents independence, resilience, and decentralization," said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer.
VCI Global operates as a cross-sector platform builder integrating technology with financial architecture. The company evolved from capital markets consultancy and now operates across fintech, AI, robotics, and cybersecurity sectors, primarily serving governments, enterprises, and institutions in Southeast Asia.
The announcement was made through a press release statement from the company.