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flag Australian AI firm Firmus raises $325M to expand data centers for AI, targeting 1.6 GW by 2028.

flag Australian AI infrastructure startup Firmus Technologies has raised $324.9 million (A$500 million) to accelerate Project Southgate, a data center expansion aimed at supporting AI training and inference with up to 1.6 gigawatts of capacity by 2028. flag The funding follows a prior $330 million round in September and includes investments from Nvidia and Ellerston Capital. flag The company, led by Oliver Curtis, is advancing renewable energy partnerships and infrastructure development in collaboration with CDC Data Centres. flag Firmus is positioning itself for a potential public listing, reflecting strong investor confidence in AI-driven infrastructure demand.

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