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Data center builder Firmus Technologies Pty raised $505 million in an investment round led by Coatue Management LLC.
Firmus Technologies raised $505 million, valuing the company at $5.5 billion.
KEY POINTS
- Firmus will deploy Nvidia's forthcoming Vera Rubin DSX AI hardware in Asia-Pacific data centers.
- The Southgate project in Tasmania will use 36,000 Nvidia accelerator chips in its initial phases.
- Nvidia's investment strategy includes backing companies that purchase its products, raising concerns about deal circularity.
- Firmus's Southgate project has secured a global hyperscaler customer and financing from Blackstone.
COMPANIES
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