Australian Ai Infrastructure Developer Firmus Lands $10 Bln Debt Package From Blackstone, Coatue
Firmus’ $10 billion debt package funds Project Southgate to build AI data centers with up to 1.6 gigawatts capacity, backed by Blackstone, Coatue, and Nvidia chips.
- Australian artificial intelligence company Firmus has secured a $10 billion debt funding package led by Blackstone and Coatue Management.
- The funding will be used to build the next phase of Firmus' Project Southgate, an initiative to develop AI training and inference infrastructure across Australia.
- The project, done in collaboration with CDC Data Centres and Nvidia, is expected to reach a capacity of up to 1.6 gigawatts over the next three years.
16 Articles
16 Articles
Firmus locks in US$10B financing to scale infrastructure
Firmus has secured another funding commitment, this time gaining a US$10 billion debt financing facility led by funds managed by asset manager Blackstone and investment firm Coatue. The finance will go towards the next phase of its flagship AI infrastructure initiative Project Southgate, which includes accelerating AI Factory deployment, infrastructure manufacturing, and energy integration, to aid in meeting global demand for high-performance co…
Nvidia-backed AI startup Firmus secures $10B Blackstone-led loan to build Australia’s AI data center backbone - Tech Startups
Firmus Technologies, an Australian artificial intelligence infrastructure startup backed by Nvidia, has secured a $10 billion debt funding package led by Blackstone, with participation from Coatue Capital, the company reported on Monday. The financing ranks among the largest private credit […] The post Nvidia-backed AI startup Firmus secures $10B Blackstone-led loan to build Australia’s AI data center backbone first appeared on Tech Startups.
Nvidia-Backed AI Startup Gets $10 Billion in Blackstone-Led Loan
(Bloomberg) — Australian AI startup Firmus Technologies Pty. secured a $10 billion loan from a group including Blackstone Inc.-led funds to boost its data center rollout in one of the country’s largest private credit financings.
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
