# Nvidia in talks to invest hundreds of millions in Australian AI cloud firm Firmus

Digest AI · Business & Funding · published 2026-10-20T16:46:00Z · updated 2026-10-21T00:10:01Z

Canonical: https://digestai.news/story/nvidia-in-talks-to-invest-hundreds-of-millions-in-australian-ai-cloud

## Summary

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 170,000 Nvidia GPUs across a 360 MW site, with deployment slated for the first quarter of 2027.

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.

## 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.

## Why it matters

The investment would deepen Nvidia's foothold in AI infrastructure and give Firmus capital to scale a massive GPU campus, influencing the competitive landscape for cloud AI services.

## Sources

1. [Nvidia in talks to invest hundreds of millions in Australian AI cloud firm Firmus](https://cryptobriefing.com/nvidia-talks-invest-firmus-ai-cloud) (cryptobriefing.com, 2026-10-20)
2. [Sources: Nvidia is in talks to invest hundreds of millions of dollars in Firmus, which pulled its IPO earlier this month, citing market volatility](https://theinformation.com/articles/nvidia-moves-back-gpu-cloud-provider-firmus-investors-balk-ipo) (theinformation.com, 2026-10-21)

Part of the developing story: [Nvidia Firmus Investment and IPO Collapse](https://digestai.news/thread/firmus-scraps-ipo-amid-ai-valuation-concerns) (2 stories)

## Cite

Digest AI, "Nvidia in talks to invest hundreds of millions in Australian AI cloud firm Firmus", 20 October 2026, https://digestai.news/story/nvidia-in-talks-to-invest-hundreds-of-millions-in-australian-ai-cloud

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