Nvidia-backed Firmus raises $327 million for AI data center push in Australia
Firmus Technologies, an Australian company backed by Nvidia (NVDA) raised $327 million (equivalent to A$500 million) to build renewable energy-powered AI data centers across Australia.
This funding boosts Firmus’s valuation to ~A$6 billion, up from A$1.85 billion in September 2025. Firmus is working to deliver up to 1.6 gigawatts of AI infrastructure capacity by 2028.
Firmus co-CEO Oliver Curtis, said:
This raise allows us to deliver on the next phase of Project Southgate – expanding beyond Tasmania into four major mainland regions,
“We’re manufacturing a new class of AI infrastructure, on Australian soil, that is purpose-built for scale, performance, and sustainability. This means high value local jobs and a critical piece of sovereign capability for Australia.”
The funding will support site development, infrastructure deployment, and energy partnerships across selected locations, including Tasmania, Melbourne, Canberra, Sydney and Perth.
Nvidia’s (NVDA) involvement as a key investor highlights the synergy between their AI-focused GPUs and the push for sustainable AI infrastructure. Two data centers being built in Melbourne and Tasmania will use Nvidia’s (NVDA) GB300 chips and are expected to come online by April.
READ the latest news shaping the Nvidia market at Newsvidia
Nvidia-backed Firmus raises $327 million for AI data center push in Australia, source
