Saturday, August 1 2026 14:42
Alexandr Avanesov

Investment program for initial phase of AI plant construction totals  $150 Million, with around $70 mln already utilized

 Investment program for initial phase of AI plant construction totals  $150 Million, with around $70 mln already utilized

ArmInfo.  Prime Minister Nikol Pashinyan visited the Eleveight AI plant in Gagarin,  Gegharkunik Province, which is the first artificial intelligence  development plant in Armenia and the South Caucasus utilizing NVIDIA  Blackwell B300 technology.

According to the government press service, Nikol Pashinyan toured the  facility, familiarized himself with the technical capabilities of the  data center, the current phase of expansion, and future project  plans. It was noted that the investment program for the first phase  amounts to $150 million, of which approximately $70 million has  already been implemented. The infrastructure is  designed to handle  large-scale artificial intelligence computations, ranging from AI  model training to business applications, as well as scientific and  engineering tasks.

The plant's first phase has a capacity of 5 MW, planned to increase  to 40 MW during the next expansion phase. Just one month after  launch, the existing capacity is fully booked, reflecting demand from  both Armenia and the international market.

It is worth noting that the Memorandum of Understanding on Innovative  Partnership in Artificial Intelligence and Semiconductors, signed  between the Government of the Republic of Armenia and the U.S.   Government on August 8, 2025, authorized the export of Nvidia  Blackwell B300 GPUs to the country.

Additionally, on June 1, a Memorandum of Understanding was signed  between Armenia's Ministry of High-Tech Industry and the company,  focusing on the development of the nation's artificial intelligence  ecosystem, promoting innovation, building local capacity, and  supporting applied programs. During Prime Minister Nikol Pashinyan's  visit to the facility, officials further discussed broader prospects  for expanding and strengthening Armenia's burgeoning AI  infrastructure.