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Polibeli Group Eyes Thailand for 100-MW AI Data Center

Investors pushed Polibeli Group shares up 18% to $10.24 on Thursday following the Indonesia-based company’s announcement of a potential venture in Thailand. The firm is exploring the construction of a 100-megawatt artificial intelligence computing center, signaling a major strategic shift toward digital infrastructure development.

The company entered into a nonbinding agreement with Thailand-based Autthaikam to assess the viability of the facility. This partnership initiates a preliminary phase of due diligence, including site inspections, power capacity evaluations, and land suitability studies. While the market responded with immediate optimism—adding to a 16% gain over the past three months—Polibeli cautioned that the project remains in the early stages of evaluation.

Management emphasized that no capital has been committed and no final decision to break ground has been reached. Future progress hinges on securing favorable financial terms and obtaining necessary regulatory approvals. The collaboration serves as an information-sharing framework intended to determine if the expansion into Thai data infrastructure aligns with the company's broader supply-chain objectives.

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