Nvidia-backed Firmus $505M pre-IPO + $10B debt for AU AI factories
Key Questions
What was Firmus's recent equity raise and valuation?
Nvidia-backed Firmus raised $505M in equity at a $5.5B valuation. This precedes a potential $2B ASX IPO.
What debt financing did Firmus secure?
Firmus locked in $10B debt from Blackstone for its AI factory network. This supports expansion in Australia.
What are the details of Firmus's AI factories?
The 1.6GW Nvidia-powered AI factory network uses renewable hydro and liquid cooling. It addresses global infra and power crunches in APAC.
$505M equity at $5.5B val + $10B Blackstone debt for 1.6GW Nvidia-powered AI factory network in Australia (renewable hydro, liquid cooling); targeting $2B ASX IPO amid rapid 3x val growth. Reinforces global infra/power crunches and APAC expansion.
Sources (2)
Updated Apr 8, 2026