Overview
- Firmus closed a $2 billion private equity financing that the company says lifts its post‑money valuation above $10.5 billion and was issued in a private placement not registered under the U.S. Securities Act.
- The round included repeat and new participation from Nvidia, Coatue Management, funds managed by Blackstone, and Jane Street, signaling large institutional interest in physical AI infrastructure.
- Firmus told investors the proceeds will accelerate Project Southgate, its program to build AI training and inference facilities in Australia, and support initial development work in Indonesia.
- The company is deploying infrastructure based on Nvidia’s DSX AI Factory Reference Architecture and a recently announced late‑June agreement with Nvidia will have Firmus buy Nvidia systems and offer Nvidia‑powered cloud services.
- Firmus has repositioned from bitcoin mining into AI infrastructure, says it has raised more than $3 billion in equity over the past year, and plans to use its Australian manufacturing and HyperCube platform to speed repeatable rollouts across the region.