"Firmus has raised $505m in new equity, bringing total equity raised in six months to approximately $1.35bn. The IPO is expected to rank among the largest technology listings in Australian history."
"Project Southgate is a $4.5bn construction programme in Launceston, Tasmania, designed to house 36,000 Nvidia GB300 Grace Blackwell chips, with the first stage delivering 90 megawatts of AI infrastructure targeted for completion in 2026."
"Tasmania's grid is predominantly powered by hydroelectric generation, allowing Firmus to claim a low-carbon compute footprint that most data centre operators cannot match, aided by their liquid-cooling technology."
Firmus, an Australian AI data centre company, has raised $505m at a $5.5bn valuation in its final pre-IPO round. The company aims for a $2bn listing on the ASX in June or July, supported by a $10bn Blackstone-led debt facility. Firmus plans to deploy 1.6 gigawatts of liquid-cooled AI compute across Australia by 2028. Its flagship Project Southgate in Tasmania will feature modular AI Factories powered by renewable energy, with the first stage expected to be completed in 2026.
Read at TNW | Artificial-Intelligence
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