Nvidia-Backed Data Center Builder Firmus Raises $505 Million

Firmus Technologies raised $505 million in a funding round led by Coatue, valuing the Australian data-center builder at $5.5 billion. Nvidia participated and the capital will accelerate deployment of AI hardware in the Asia‑Pacific using Nvidia’s Vera Rubin DSX designs, supporting projects like the Southgate renewable-powered data center in Tasmania that will initially house 36,000 Nvidia accelerator chips. The deal underscores continued demand for Nvidia’s next‑generation systems and complements broader sovereign‑AI and hyperscaler infrastructure builds, with Blackstone also involved. Market implications include stronger hardware demand for Nvidia and increased investor focus on firms building AI compute capacity.