Nvidia and Coatue put $2 billion into Firmus — the Australian 'AI factory' builder doubles in value in four months
Sydney-based data-center company Firmus raised $2 billion from investors including Nvidia, Coatue, Blackstone-managed funds and Jane Street, lifting its valuation above $10.5 billion — nearly double the $5.5 billion it was worth in April. The money accelerates its Southgate project, a build-out of AI compute in Australia with expansion planned across Asia-Pacific.
Why it mattersThe AI build-out is no longer an American story: capital is now standing up gigawatt-scale compute in Australia for the Asia-Pacific market. And Nvidia investing in yet another buyer of its chips extends the circular-financing pattern regulators and short-sellers are watching most closely.
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