Firmus Secures $2B Valuation Boost as Blackstone, Nvidia Back AI Push

Former Bitcoin miner Firmus has secured $2 billion in fresh equity funding, increasing its valuation to over $10.5 billion.

The investment comes from a strategic round led by existing backers Coatue and Nvidia, alongside new funding from Blackstone's Tactical Opportunities fund and other Blackstone vehicles.

Firmus plans to accelerate Project Southgate in Australia while expanding into Indonesia and other Asia-Pacific markets.

The company has established Australian manufacturing for its proprietary HyperCube platform and is building AI infrastructure based on Nvidia's DSX AI Factory Reference Architecture.