Firmus Raises $2B as Blackstone, Nvidia Back AI Push
Former Bitcoin mining company Firmus has secured $2 billion in fresh equity funding to support its repositioning as an AI infrastructure provider. The funding round, which valued the company at over $10.5 billion, saw participation from major institutional investors including Blackstone, Nvidia, Coatue, and Jane Street.
The new capital will be used to accelerate Project Southgate in Australia, while also funding early expansion into Indonesia and other Asia-Pacific markets. Firmus has already established manufacturing capabilities for its proprietary HyperCube platform and is building AI infrastructure based on Nvidia's DSX AI Factory Reference Architecture.
'This investment allows us to move on multiple fronts at once,' said Co-Chief Executive Officer Oliver Curtis. 'We're scaling across Australia while fast-tracking our capacity to expand into the wider Asia-Pacific region.'