Private company — AI data center operator
Appears in 1 story · Last updated Oct 26, 2026
Raising private capital after scrapping its ASX IPO; Nvidia is weighing a fresh investment of hundreds of millions, and only part of the Tasmanian buildout is funded
Firmus pulled its $5 billion Australian listing on October 9 after investors balked at a $30.6 billion valuation for a company that has built 46 megawatts of a 912-megawatt pipeline. Nvidia is now weighing hundreds of millions of dollars in fresh support as Firmus tries to raise $2-3 billion privately.
Updated Oct 25
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