Firmus Secures $10B Debt for Australian AI Infrastructure

Australian artificial intelligence company Firmus has secured a $10 billion debt funding package, led by global private equity firm Blackstone Inc. and technology investor Coatue Management. This significant financing will be used to fund the next phase of Firmus' Project Southgate, an initiative to develop AI training and inference infrastructure, including data centers, across Australia. The project, undertaken in collaboration with CDC Data Centres and Nvidia, aims to reach a capacity of up to 1.6 gigawatts over the next three years. This investment highlights the growing importance of AI infrastructure and positions Australia as a key player in this global transformation. Firmus had previously raised A$830 million in equity placements backed by Nvidia and Ellerston Capital.