Nvidia in talks to invest hundreds of millions in Australian AI cloud firm Firmus
Nvidia is in talks to put hundreds of millions of dollars into Firmus, an Australian AI cloud provider that already runs a large fleet of Nvidia chips. If the deal closes, Nvidia would become both a supplier and a shareholder of Firmus. The partnership follows a June 2026 announcement that the two companies will build an AI factory campus in Batam, Indonesia, where Firmus plans to install up to…
Key points
- Nvidia is negotiating to invest hundreds of millions of dollars in Firmus, an Australian AI cloud provider.
- Firmus plans to deploy up to 170,000 Nvidia GPUs on a 360 MW campus in Batam, Indonesia, starting Q1 2027.
- Firmus has raised over $3 billion in equity, including a $2 billion round that lifted valuation above $10.5 billion.
Firmus, originally a Bitcoin mining operation, has shifted to AI infrastructure through its HyperCube platform built on Nvidia technology. The firm has raised more than $3 billion in equity this year, including a $505 million round in April 2026 at a $5.5 billion valuation and a $2 billion round in August that pushed its valuation above $10.5 billion. After postponing a planned Australian IPO that aimed to raise about $5 billion, Firmus is now seeking private funding of roughly $2‑3 billion. Co‑CEOs Oliver Curtis and Tim Rosenfield lead the company, backed by investors such as Coatue, Blackstone and Jane Street.
The story so far
2 episodes →- Nvidia in talks to invest hundreds of millions in Australian AI cloud firm Firmusthis story
Nvidia in talks to invest hundreds of millions in Australian AI cloud firm Firmus
cryptobriefing.com · 20 October 2026
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