Overview
- The facility is led by Blackstone Tactical Opportunities and Blackstone Credit & Insurance with support from Coatue Management, and is described as among Australia’s largest private debt deals.
- Proceeds will accelerate the national rollout of Firmus’s AI Factory platform, with sites already under construction across multiple Australian locations.
- Project Southgate targets 1.6 gigawatts of compute capacity and the deployment of thousands of GPUs in Australia by 2028.
- Firmus’s platform is built on Nvidia’s DSX reference architecture and includes a partnership with CDC Data Centres to serve hyperscale and AI-native customers.
- The package follows $582 million in prior equity backing from Nvidia and Ellerston Capital, with Firmus planning an ASX listing later in 2026 after a reported $6 billion valuation in November.