The prestigious international outlet Bloomberg has covered the project to create an artificial intelligence (AI) data center in Armenia and the syndicated loan agreement signed within its framework.
Leading Armenian financial institutions have signed a syndicated loan agreement to provide $300 million for the construction of Firebird AI’s data center.
It is emphasized that this joint agreement is the first major investment project implemented in such a format in Armenia.
The outlet quoted the speech of the Minister of High-Tech Industry of the Republic of Armenia, Mkhitar Hayrapetyan, who highlighted the importance of this initiative from the perspective of the country’s technological development and the strengthening of its scientific and technical potential.
The minister noted that the program stems from a memorandum of understanding on bilateral cooperation in the fields of artificial intelligence and semiconductors signed between Armenia and the United States in 2025.
The article also notes that the project, developed with Nvidia and Dell Technologies and backed by the Armenian government, is aimed at developing modern artificial intelligence infrastructure in Armenia.
Published by Armenpress, original at
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Direct link to this article: https://www.armenianclub.com/2026/03/29/bloomberg-covers-firebird-ai-data-center-investment-program-in-armenia/