Armenian bank Ameriabank invests $60m in Firebird.ai’s planned 100MW data cent

Armenian bank Ameriabank has put up $60 million in financing for the construction of a data center by US-based AI cloud company Firebird.ai.

First announced in June 2025, Firebird.ai is planning a 100MW AI data center in Armenia, funded via a $500 million public-private partnership with the Armenian government. Nvidia and Dell Technologies are also collaborating with Firebird on the facility.

In the initial June announcement, Firebird claimed the data center would be equipped with “thousands” of Nvidia Blackwell GPUs.

In February, following a meeting with US Vice President JD Vance, the company said it had secured a US export license for an additional 41,000 Nvidia GB300 GPUs, marking the second phase of its AI supercomputing ‘megaproject’ and bringing the total number of GPUs it has procured to 50,000.

The investment totaled $4 billion and positioned Armenia as home to “one of the world’s top five largest AI GPU clusters,” Firebird said in a statement.

In its own statement announcing today’s (March 26) investment, Ameriabank said the data center will become “the most powerful in the region” and will enable research institutions, technology companies, and enterprises to deploy modern AI technologies at scale.

Earlier this week, Armenian startup Eleveight AI announced it had deployed 512 Nvidia B300s at its AI data center in Gagarin, Armenia – the first B300 deployment in the country. Slated for completion this month, Eleveight said the data center has been designed to run on a “renewable-heavy power mix” and can support high-density GPU operations at scale.