HONG KONG, – TROOPS is committing US$12 million to start a new business unit focused on artificial intelligence infrastructure in Southeast Asia, a growing market that attracted more than US$55 billion of investment over the last year.
The Hong Kong financial services and property group has sought a future partnership with Bfarms365 LLC, a Texas company in the USA, through which it will offer services that include GPU-as-a-Service, AI inference, edge computing, decentralized compute, cloud orchestration, and other AI developer services.
The new unit is in the process of evaluating sites, partnerships, and assets across Hong Kong, Malaysia, and Indonesia. TROOPS expects to make its first allocation of US$6 million by the end of 2026.
The creation of this new unit comes in response to unprecedented growth in Southeast Asia as an AI hub for Asia Pacific and beyond. Data center capacity in Malaysia’s Johor state doubled over the same twelve months, according to figures presented at the China-ASEAN Business Leaders Summit in September. Telecom operators have begun buying into the build directly. Singtel is expanding its Nxera platform across Southeast Asia, SK Telecom raised US$2.2 billion from KKR and an IMM-Stonebridge consortium for its new AI data center vehicle in August, and Reliance Jio is developing campuses of its own.
“Southeast Asia has become the place where Asia’s compute is actually being built, and the capital going in is no longer only American,” said Damian Thurnheer, President and CEO of TROOPS, Inc. “Moving into this layer is a natural extension of our business, which has pioneered disruptive technologies including fintech.”
The TROOPS business portfolio is anchored in property and small business cash flows in Hong Kong through two licensed money lenders, holding commercial property for rental income, and managing an insurance consultancy and an online financial technology marketplace to deliver credit and insurance products through application programming interfaces. Group revenue rose 70% to US$17.1 million in the year to December 31, 2025. The company also holds a 19.9% stake in HK Golden, Inc., operator of one of Hong Kong’s largest online forums.
“This new venture provides strong unity with our existing business interests,” said Tommy Wing Ling Lui, CTO of TROOPS, Inc. “We already run machine learning inside underwriting and servicing, on infrastructure we rent. Owning capacity in the region changes what we can build, and it puts us on the right side of a market where operators, banks, and sovereign funds are all moving at once.”
TROOPS will report progress as definitive terms are reached and will file with the Securities and Exchange Commission where required.
About TROOPS, Inc.
TROOPS, Inc. is a conglomerate group of various businesses headquartered in Hong Kong. The group is principally engaged in (a) money lending business in Hong Kong, providing mortgage loans to high-quality target borrowers; (b) property investment to generate additional rental income; and (c) the development, operation, and management of an online financial marketplace that provides one-stop financial technology solutions, including API services, by leveraging artificial intelligence, big data, blockchain, and cloud computing (SaaS). The group’s vision is to operate as a conglomerate to build synergy within its own sustainable ecosystem, thereby creating value for its shareholders. For more information about TROOPS, please visit [www.troops.co](http://www.troops.co).
