Mobilehealth Network Solutions (NASDAQ:MNDR) saw its shares rocket 50% higher in premarket trading on Thursday after the company revealed plans to purchase two artificial intelligence–optimized data centers located in Malaysia.
The company signed a Memorandum of Understanding on November 19, 2025, with PPG PP GRID SDN. BHD. to acquire the facilities as well as their associated digital infrastructure. The transaction—valued at up to $120 million—will be funded through the issuance of 3 million Class A ordinary shares of Mobilehealth.
According to the company, bringing these assets on board is expected to significantly enhance and broaden Mobilehealth’s AI-enabled healthcare and technology ecosystem. The data centers and related infrastructure will be owned through PPG’s wholly owned subsidiaries.
The move marks a substantial expansion of Mobilehealth’s tech footprint as it continues to scale its AI capabilities within the healthcare sector. The new Malaysian facilities are expected to provide additional computing resources to support the company’s rapidly growing suite of digital health solutions.