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VCI Global (VCIG) pivots to AI infrastructure, launches VGAIN Compute; 1H2026 equity up but revenue plunges
VCI Global reported 1H2026 unaudited results and said it is shifting from capital markets/fintech to AI computing, token services and related infrastructure, launching VGAIN Compute and agreeing to acquire a 70% stake in an Indonesian carbon-asset platform (FCCI). Financially, total equity rose 19.2% to $114.7M, liabilities fell 17.7% to $17.03M and cash increased to $5.19M, but revenue dropped 86% to $2.56M and the company posted a $8.43M net loss after divesting non-core businesses. VGAIN Compute is live with a token-based model giving paid access to multiple LLMs (OpenAI GPT, Meta Llama, Kimi, Qwen); commercial traction, GPU capacity deployment and financing will determine whether the strategic pivot translates into recurring revenue.
VCIG clarifies $125M standby equity line; no draws or shares issued yet
VCI Global said its US$125 million agreement with Hudson Global Ventures is a 36-month standby equity purchase facility (an equity line) that the company can draw from at its discretion; as of Oct. 9, 2026 no funds have been drawn and no ordinary shares have been issued. The company said any proceeds would be evaluated for uses including AI infrastructure and renewable energy projects, but future drawdowns would depend on agreement terms, market and regulatory conditions and could dilute existing shareholders.
VCI Global (VCIG) launches VGAIN Compute token platform to access multiple LLMs
VCI Global (NASDAQ: VCIG) said subsidiary V Gallant has launched VGAIN Compute, a token-based platform that lets users purchase AI tokens to access multiple LLMs including OpenAI GPT, Kimi, Meta Llama and Qwen for use cases like content generation, coding and workflow automation. The company positions the platform as a customer-facing commercial layer to monetize its AI computing infrastructure, drive recurring inference demand for agentic and enterprise workloads, and plans to expand the model catalogue and enterprise features while aligning compute capacity with customer uptake.
VCIG CEO/director subscribes 193,349 shares at $1.62; holdings 341,715 (restricted 6 months)
VCIG filed SEC Form 4. The newly issued shares are restricted for six months under Rule 144; Hoo also may be deemed to beneficially own 4 additional shares indirectly via VCI Equity Fund Limited.
VCI Global withdraws Form F-3 registration; no securities sold
VCIG filed SEC Form RW. VCI Global Ltd requested withdrawal of its Form F-3 registration statement (File No. 333-294759) under Rule 477, stating the company no longer wishes to register the proposed offering; the registration was not declared effective and no securities were issued or sold. The company acknowledged no refund of filing fees but requested the fees be credited for future use under Rule 457(p).
VCI Global launches Galatron AI Factory — 5MW module now, 500MW roadmap over 5 years
VCI Global announced Galatron AI Factory, a prefabricated modular data center platform targeting an initial 5MW deployment built around NVIDIA B300-class infrastructure with commercial power-on targeted for Q3 2027 and module manufacturing aimed at ~6 months. The company says the platform is designed to scale to as much as 500MW over five years (subject to power, site, financing and demand), touts advanced liquid cooling and flexible energy integration, and provides illustrative estimates of >5 trillion AI tokens per 5MW module (~670 trillion at 500MW) but cautions actual output depends on hardware, utilization and site conditions.
VCIG launches VGAIN sovereign AI cloud in Malaysia with $6M phase-1 and NVIDIA Blackwell GPUs
VCI Global (NASDAQ: VCIG) launched VGAIN Cloud via subsidiary V Gallant — a post-quantum-ready sovereign AI cloud for enterprises, government-linked organizations, financial institutions and other regulated customers. The company plans a US$6M first-phase rollout to deploy NVIDIA Blackwell-class GPUs and Intel CPUs in Selangor as an initial commercial hub, with expansion into Kuala Lumpur and an architecture designed to scale up to 1,000 GPUs over ~18 months subject to demand, hardware availability and site readiness.
VCI Global (VCIG) regains Nasdaq compliance after late 20‐F filing
VCI Global (NASDAQ: VCIG) said Nasdaq’s Listing Qualifications confirmed the company has regained compliance with Rule 5250(c)(1) after it filed its Annual Report on Form 20‐F for the fiscal year ended Dec. 31, 2025 on July 15, 2026. The company had filed a Form 12b‐25 on May 1 and received a Nasdaq noncompliance notice on May 19; Nasdaq closed the matter after the 20‐F was submitted, removing the immediate listing risk.
VCIG FY2025: spin-off, heavy restructuring, ~$30M net loss and AI investments
VCI Global (VCIG) reported FY2025 revenue of $26.1M (down 6% YoY) with technology development revenue up 13.3% to $12.9M, other income boosted by a $5.9M FX gain, and a net loss of about $30.3M (EBITDA -$27.5M) driven by non‐cash valuation adjustments, restructuring charges, disposals and investments in AI infrastructure. Management completed the spin‐off of VCCG and pushed aggressive AI/IT spending (IT expenses +135%), funded partly by $66.2M of financing (≈$53.7M equity proceeds and $14M convertible notes), but year‐end cash was only $0.94M after $73M of investing outflows, highlighting near‐term cash‐burn risk despite the strategic pivot.
VCIG FY2025: Spin-off and big AI investments; tech revenue up but $30M net loss and cash $0.94M
VCI Global (VCIG) reported FY2025 results after completing a corporate restructuring and spinning off VCCG to focus on AI infrastructure, enterprise tech, digital assets and renewable energy; total revenue fell 6% to $26.1M while technology development revenue rose 13.3% to $12.9M. The company took large non‐recurring charges and made heavy AI infrastructure investments, driving a net loss of ~$30.3M and negative EBITDA of $27.5M, while cash and cash equivalents fell to $0.94M despite $66.2M of financing proceeds during the year.
VCI Global warrant exercise raises $6.87M — 880k shares at $5.62
A warrant holder exercised 880,000 VCI Global warrants at $5.62 per share, generating approximately $6.87 million of gross proceeds. The exercise appears completed, so the 880,000 new common shares are being issued (immediate dilution). The exercising party was Esousa Group Holdings and the $5.62 strike represented a 24.9% premium to VCI Global's June 24 close; E.F. Hutton served as financial advisor. Timing: Warrant exercises are already completed, so dilution is already in effect.
Credilab wins full online lending approval in Malaysia, advancing VCIG's AI revenue-share lending platform
Credilab, the fintech partner of V Gallant (a VCIG subsidiary), received regulatory approval to operate as a fully online lending platform in Malaysia, unlocking commercialization of V Gallant’s AI-powered lending infrastructure under a revenue-share partnership. Credilab already holds an operating loan portfolio of ~US$37.1M and the platform targets rapid loan approval/disbursement (as little as five minutes), though launch timing and commercial terms remain subject to compliance, integrations, and regulatory conditions.
Credilab receives full online lending approval in Malaysia; V Gallant to supply AI lending infrastructure
Credilab received regulatory approval to operate as a fully online lending platform in Malaysia, enabling commercialization of V Gallant's AI-powered lending infrastructure under an exclusive, revenue-share partnership with parent VCI Global (NASDAQ: VCIG). Credilab already holds an operating loan portfolio of ~US$37.1M and the platform aims to offer rapid, AI-assisted loan approval/disbursement (targeting ~5 minutes), though launch timing and economics are subject to commercial, regulatory, and operational execution.
VCIG to launch Galactic OPC — AI-native business OS with NVIDIA GPU hub
VCI Global (VCIG) announced plans to roll out Galactic OPC, an AI-native business operating system built by subsidiary V Gallant to orchestrate interconnected AI agents across sales, marketing, finance, operations and other functions. The program pairs a Galactic OS orchestration layer with a physical Galactic OPC Hub next to V Gallant's NVIDIA-powered GPU Lounge to combine software, high-performance GPU access and collaborative workspace support; the company gave no launch date, customer wins or revenue guidance and described the effort as forward-looking.
VCIG says institutional investors disclosed, reiterates AI/digital-asset/RWA strategy
VCI Global (NASDAQ: VCIG) disclosed that its shareholder base now includes institutional/strategic investors such as Tether Investment S.A. de C.V., CMCC Titan Fund L.P. and 468 Global Opportunities and provided a strategic update highlighting AI infrastructure (GPU compute and enterprise AI), digital-asset initiatives (stablecoin/payment infrastructure, tokenization, treasury) and real-world-asset and capital-markets activities. The company noted the referenced shares are restricted and subject to resale limits (e.g., Rule 144) and gave only high-level, forward-looking plans around partnerships, spin-offs, financing and platform scaling without operational timing or funding details.
VCIG unit signs definitive deal to acquire Indonesian forestry platform covering ~241,000 ha to pursue carbon credits
VCI Global's subsidiary V Gallant signed a definitive agreement to acquire a controlling stake in PT Fine Carbon Credit Indonesia, a forestry/carbon asset platform tied to roughly 241,000 hectares across four Indonesian project sites. Management says the platform may support issuance of millions of voluntary carbon credits over the projects' lifecycles (subject to certification, verification and regulatory approvals) and will be integrated into VCIG's AI, digital infrastructure and tokenized real-world-asset strategy. Consideration will be paid in V Gallant Class A and Class B shares and the transaction remains subject to due diligence, milestone-based verification procedures and customary closing conditions; the company also said at least one strategic ecosystem spin-off is expected this year.
VCIG CEO Hoo Voon Him buys 654,135 shares at $1.33 each
VCIG filed SEC Form 4. After the purchase he beneficially owns 2,225,533 shares and may also be deemed to beneficially own 59 shares held by VCI Equity Fund Limited (of which he is the sole shareholder).