AI Pioneer Firmus Bags $2 Billion at $10.5 Billion Valuation

Firmus, a company that previously operated as a Bitcoin miner, has secured $2 billion in equity funding at a post-money valuation of over $10.5 billion. The funding round will enable Firmus to accelerate its expansion into AI infrastructure in Australia and Asia.

The investment was led by Coatue Management and Nvidia, which participated in the company's previous funding rounds. Blackstone and Jane Street also joined as new investors.

Firmus plans to use the capital to build out its AI factories in Australia and fund further expansion across Asia.