TLDR
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Firmus raises $2 billion as Nvidia, Blackstone and Coatue back AI expansion.
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Firmus’ latest funding round lifts its post-money valuation above $10.5 billion.
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Project Southgate will receive fresh capital for faster Australian expansion.
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Firmus plans new Asia-Pacific growth, including early development in Indonesia.
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Jane Street joins the round as Firmus pushes deeper into AI infrastructure.
Firmus has secured $2 billion in fresh equity to accelerate its expanding AI infrastructure program across Australia and Asia-Pacific. The financing lifts Firmus’ post-money valuation above $10.5 billion and pushes recent equity funding beyond $3 billion. The company will direct the new capital toward Project Southgate and preparations for selected regional markets.
Firmus Secures Backing From Major Global Firms
Coatue and Nvidia returned as existing backers, while Blackstone funds joined the latest strategic financing round. Jane Street also participated, adding another major financial and technology group to Firmus’ shareholder base. Firmus said the round received full commitments, giving the company substantial funding for its next development phase.
The latest financing follows an April round that valued Firmus at about $5.5 billion. Therefore, the new transaction marks a sharp valuation increase as the company scales its infrastructure ambitions. Firmus has now raised more than $3 billion in new equity during the past twelve months.
Firmus previously operated as a Bitcoin mining company before shifting toward large-scale AI infrastructure and high-performance computing. That transition reflects a wider industry move toward using power assets for advanced computing workloads. Several former mining companies have followed similar strategies as AI data center demand increases globally.
Project Southgate Drives Australian Expansion
Firmus plans to use the capital to accelerate Project Southgate across multiple Australian locations. The company has already established local manufacturing for its proprietary HyperCube infrastructure platform. It also uses grid-aware software designed to improve deployment speed, energy use, and operating resilience.
The company builds its systems around Nvidia’s DSX AI Factory Reference Architecture. Firmus says this approach can bring computing capacity online faster while improving tokens generated per watt. The design also aims to strengthen reliability as large AI workloads require denser and more power-intensive infrastructure.
Australia remains the main focus for the current funding, although Firmus also plans targeted regional expansion. The company recently announced an Indonesia development aimed at serving AI-native businesses and other high-performance computing customers. Firmus will use part of the new capital to prepare that project and other Asia-Pacific opportunities.
Firmus Expands Regional AI Infrastructure Strategy
The new funding deepens Firmus’ ties with Nvidia after both companies expanded their commercial relationship in June. Under that agreement, Firmus planned to purchase Nvidia infrastructure and provide cloud services using the chipmaker’s systems. Nvidia’s renewed investment now adds financial backing to that existing technology relationship.
Blackstone and Coatue also increased their exposure to large-scale AI infrastructure through the transaction. Their participation reflects growing capital commitments toward data centers, power systems, and high-performance computing capacity. Jane Street’s involvement further broadens the group supporting Firmus’ regional expansion strategy.
Firmus now enters its next growth phase with more capital and a higher private valuation. The company plans to scale Australian capacity while building foundations for further expansion across the Asia-Pacific region. The transaction remains a private financing and does not constitute a public securities offering in the United States.
