The post DCI Indonesia, Tycoon Anthoni Salim’s Gallant Venture Building Data Center Hub Near Singapore appeared on BitcoinEthereumNews.com. Otto Toto Sugiri, cofounder and president director of DCI, speaks at the Forbes Global CEO Conference held in Jakarta on October 14 and 15, 2025. Forbes Asia DCI Indonesia and Gallant Ventures—the developer of resorts and industrial parks controlled by tycoon Anthoni Salim and his family—are jointly building a gigawatt-scale data center complex on Bintan Island to tap into the booming demand for cloud computing and artificial intelligence applications in nearby Singapore. The partners are developing the data center project on a 700-hectare site on Bintan Island, a predominantly tourist resort destination that’s less than an hour by ferry from Singapore, one of the hottest data center markets in the Asia Pacific and host to global tech giants including Amazon, Facebook, Google and Microsoft. The Bintan data center park should attract regional and global players due to its proximity to Singapore, said Otto Toto Sugiri, co-founder and president director of Jakarta-listed data center operator DCI. The partners will sell or lease land in the complex to hyperscalers and cloud computing companies, while DCI also will also build its own facility on one of the plots, Sugiri says on the sidelines of the Forbes Global CEO Conference held in Jakarta on Oct 14 and 15. The Bintan complex will be ready by 2027 and will initially tap electricity from fossil fuel-fed power plants before transitioning into renewable electricity from the 2-gigawatt solar farm and 900-megawatt gas-fired power plants Gallant Venture is developing. Sugiri says having a stable supply of electricity is critical for data centers given the voracious power consumption of such facilities. “We are major land owners and utility infrastructure providers for both resorts and industrial parks,” Eugene Cho Park, CEO of Gallant Venture, tells Forbes Asia via text message. “The project with DCI combines our strengths.” Salim—who holds interest… The post DCI Indonesia, Tycoon Anthoni Salim’s Gallant Venture Building Data Center Hub Near Singapore appeared on BitcoinEthereumNews.com. Otto Toto Sugiri, cofounder and president director of DCI, speaks at the Forbes Global CEO Conference held in Jakarta on October 14 and 15, 2025. Forbes Asia DCI Indonesia and Gallant Ventures—the developer of resorts and industrial parks controlled by tycoon Anthoni Salim and his family—are jointly building a gigawatt-scale data center complex on Bintan Island to tap into the booming demand for cloud computing and artificial intelligence applications in nearby Singapore. The partners are developing the data center project on a 700-hectare site on Bintan Island, a predominantly tourist resort destination that’s less than an hour by ferry from Singapore, one of the hottest data center markets in the Asia Pacific and host to global tech giants including Amazon, Facebook, Google and Microsoft. The Bintan data center park should attract regional and global players due to its proximity to Singapore, said Otto Toto Sugiri, co-founder and president director of Jakarta-listed data center operator DCI. The partners will sell or lease land in the complex to hyperscalers and cloud computing companies, while DCI also will also build its own facility on one of the plots, Sugiri says on the sidelines of the Forbes Global CEO Conference held in Jakarta on Oct 14 and 15. The Bintan complex will be ready by 2027 and will initially tap electricity from fossil fuel-fed power plants before transitioning into renewable electricity from the 2-gigawatt solar farm and 900-megawatt gas-fired power plants Gallant Venture is developing. Sugiri says having a stable supply of electricity is critical for data centers given the voracious power consumption of such facilities. “We are major land owners and utility infrastructure providers for both resorts and industrial parks,” Eugene Cho Park, CEO of Gallant Venture, tells Forbes Asia via text message. “The project with DCI combines our strengths.” Salim—who holds interest…

DCI Indonesia, Tycoon Anthoni Salim’s Gallant Venture Building Data Center Hub Near Singapore

2025/10/27 20:20

Otto Toto Sugiri, cofounder and president director of DCI, speaks at the Forbes Global CEO Conference held in Jakarta on October 14 and 15, 2025.

Forbes Asia

DCI Indonesia and Gallant Ventures—the developer of resorts and industrial parks controlled by tycoon Anthoni Salim and his family—are jointly building a gigawatt-scale data center complex on Bintan Island to tap into the booming demand for cloud computing and artificial intelligence applications in nearby Singapore.

The partners are developing the data center project on a 700-hectare site on Bintan Island, a predominantly tourist resort destination that’s less than an hour by ferry from Singapore, one of the hottest data center markets in the Asia Pacific and host to global tech giants including Amazon, Facebook, Google and Microsoft.

The Bintan data center park should attract regional and global players due to its proximity to Singapore, said Otto Toto Sugiri, co-founder and president director of Jakarta-listed data center operator DCI. The partners will sell or lease land in the complex to hyperscalers and cloud computing companies, while DCI also will also build its own facility on one of the plots, Sugiri says on the sidelines of the Forbes Global CEO Conference held in Jakarta on Oct 14 and 15.

The Bintan complex will be ready by 2027 and will initially tap electricity from fossil fuel-fed power plants before transitioning into renewable electricity from the 2-gigawatt solar farm and 900-megawatt gas-fired power plants Gallant Venture is developing. Sugiri says having a stable supply of electricity is critical for data centers given the voracious power consumption of such facilities.

“We are major land owners and utility infrastructure providers for both resorts and industrial parks,” Eugene Cho Park, CEO of Gallant Venture, tells Forbes Asia via text message. “The project with DCI combines our strengths.” Salim—who holds interest in both DCI and Gallant Venture—is among the wealthiest in Indonesia with a net worth of about $13 billion that he shares with his family.

DCI has invested over $900 million since 2011 to develop about 120 megawatts of data center capacity in and around Jakarta. It may need to invest up to $18 billion to expand to its long-term target of 1.9 gigawatts across Indonesia and other countries, based on the current capex of as much as $10 million required to develop 1MW of capacity, according to the company’s estimates.

“DCI will expand our operational capacity in line with client demand, which is growing rapidly to serve the needs of Indonesia and Southeast Asia’s digital transformation: cloud and AI,” Sugiri says.

Sugiri cofounded DCI with Marina Budiman (now DCI’s president commissioner) and Han Arming Hanafia in 2011 and listed the company a decade later. Since its market debut, DCI’s stock price has climbed more than 600 times, turning the cofounders into multi-billionaires. DCI is the second most valuable publicly traded company on the Jakarta Stock Exchange with a market capitalization of about $39 billion, next only to lending giant Bank Central Asia, which is owned by billonaire brothers R. Budi Hartono and Michael Hartono.

“With over 220 million Internet users [in Indonesia], there’s an increasing need for localized data storage and processing,” Sugiri says, noting that e-commerce and social media platforms such as Facebook, Shopee and TikTok are expanding their footprint in Indonesia.

Source: https://www.forbes.com/sites/ardianwibisono/2025/10/27/dci-indonesia-tycoon-anthoni-salims-gallant-venture-building-data-center-hub-near-singapore/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Botanix launches stBTC to deliver Bitcoin-native yield

Botanix launches stBTC to deliver Bitcoin-native yield

The post Botanix launches stBTC to deliver Bitcoin-native yield appeared on BitcoinEthereumNews.com. Botanix Labs has launched stBTC, a liquid staking token designed to turn Bitcoin into a yield-bearing asset by redistributing network gas fees directly to users. The protocol will begin yield accrual later this week, with its Genesis Vault scheduled to open on Sept. 25, capped at 50 BTC. The initiative marks one of the first attempts to generate Bitcoin-native yield without relying on inflationary token models or centralized custodians. stBTC works by allowing users to deposit Bitcoin into Botanix’s permissionless smart contract, receiving stBTC tokens that represent their share of the staking vault. As transactions occur, 50% of Botanix network gas fees, paid in BTC, flow back to stBTC holders. Over time, the value of stBTC increases relative to BTC, enabling users to redeem their original deposit plus yield. Botanix estimates early returns could reach 20–50% annually before stabilizing around 6–8%, a level similar to Ethereum staking but fully denominated in Bitcoin. Botanix says that security audits have been completed by Spearbit and Sigma Prime, and the protocol is built on the EIP-4626 vault standard, which also underpins Ethereum-based staking products. The company’s Spiderchain architecture, operated by 16 independent entities including Galaxy, Alchemy, and Fireblocks, secures the network. If adoption grows, Botanix argues the system could make Bitcoin a productive, composable asset for decentralized finance, while reinforcing network consensus. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/botanix-launches-stbtc
Share
BitcoinEthereumNews2025/09/18 02:37