"Firmus has raised a total of $1.35 billion in just six months, showcasing strong investor confidence in its vision for energy-efficient AI data centers."
"The company is developing a network of data centers in Australia and Tasmania, known as Project Southgate, which aims to leverage Nvidia's next-gen AI computing systems."
"Firmus originally specialized in cooling technologies for Bitcoin mining, illustrating a significant pivot towards AI data center solutions that attract investor interest."
"With the new funding, Firmus is positioned to enhance its infrastructure and capabilities, focusing on sustainable energy solutions in the rapidly growing AI sector."
Firmus, a Singapore-based AI data center provider, announced a $505 million funding round led by Coatue, achieving a $5.5 billion post-money valuation. In six months, the company has raised $1.35 billion. Previously, it secured AU$330 million at a $1.2 billion valuation from investors, including Nvidia. Firmus is developing energy-efficient data centers in Australia and Tasmania, utilizing Nvidia's reference designs and the upcoming Vera Rubin platform for AI computing, transitioning from its origins in Bitcoin mining.
Read at techcrunch.com
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