US-based cryptocurrency miner SOS Limited announced last week its wholly-owned subsidiary in Singapore Future Digital Trading Pte. Ltd., has signed a non-binding Framework Cooperation Memorandum with an unnamed Indonesian company to potentially develop a 500-megawatt wholesale AI and cloud data center campus in Bintan, Indonesia. If the project proceeds, construction of Phase 1 is expected to have a capacity of about 50MW, the firm said in a press release.
SOS said it has received indicative, non-binding expressions of interest for about 180MW from prospective tenants, including global cloud, internet and AI platforms. If the project proceeds, SOS plans to fund the platform through an equity and project-finance structure, with senior debt expected to be arranged with institutional lenders.
Under the Memorandum, the local partner will attempt to secure no less than 60MW of effective power capacity prior to commissioning of the first phase.
The Memorandum contemplates a 10-year coal-index-linked pricing formula intended to provide competitive, market-responsive electricity costs. However, final power pricing, terms and conditions are subject to negotiation and execution of definitive power supply documentation, and actual delivered electricity prices will depend on coal market conditions and other factors, the release added.
The Memorandum is non-binding except for certain specified provisions, and the project remains subject to completion of due diligence, negotiation and execution of definitive agreements, financing and applicable regulatory approvals.
Yandai Wang, Chairman and Chief Executive Officer of SOS Limited said: “This memorandum represents an important step in SOS’ strategy to expand into digital infrastructure. Southeast Asia is experiencing significant growth in AI data center demand, and Bintan offers proximity to Singapore with potentially lower power and land costs and special-economic-zone advantages. Subject to successful completion of due diligence and definitive documentation, we believe a 500MW platform could position the Company to participate in a growing infrastructure market.”
“Our approach is disciplined: secure power arrangements, develop relationships with potential customers, build in modular phases, and pursue financing supported by contracted revenue,” Wang added.
The location of the potential campus at KEK Galang Batang lies within the Singapore–Johor–Riau (SJR) growth corridor, with sub-2-millisecond connectivity to Singapore.
In December 2025, SOS announced it was developing a Tier III modular data center at a Longfellow Ranch site in Fort Stockton, Texas, a milestone in its transition from a traditional cryptocurrency-mining operator to a full-scale digital-infrastructure provider.
As of December 31, 2025, the NYSE-listed firm reported total assets of about US$465 million and shareholders’ equity of about US$423 million, with a low leverage profile.