Gorilla Technology Group Sees 18.5% Surge Following Major AI Data Center Contract

September 22, 2025 - 01:54

On September 20, 2025, a significant contract was announced between Freyr Singapore and Gorilla Technology Group, valued at an impressive US$1.4 billion. This deal involves the construction and operation of AI-powered data centers across Indonesia, Malaysia, and Thailand. The initial phase of this ambitious project, costing US$300 million, is set to kick off in Indonesia by the end of 2025.

This strategic partnership not only positions Gorilla Technology Group as the primary operator of these advanced facilities but also lays the groundwork for the companies to explore additional data center opportunities, potentially worth up to US$2.5 billion. The announcement underscores the increasing demand for cutting-edge AI technology in the region, reflecting a broader trend of investment in digital infrastructure to support growing technological needs.

The positive market response to this announcement is evident, with Gorilla's stock price rising by 18.5%, indicating investor confidence in the company’s future prospects and the anticipated success of this major initiative.