FIRMUS SEEKS $10B GPU FINANCING AHEAD OF AUSTRALIAN IPO Nvidia-backed Firmus Technologies is in talks to raise roughly $10B to buy $NVDA chips for its 360MW AI data center campus in Batam, Indonesia, per Bloomberg. The financing is expected to include about $7.5B of debt and $2.5B of equity, potentially making it one of Asia’s largest AI infrastructure financings. Nvidia is also expected to provide revenue-sharing and credit support for the deal. Firmus is separately preparing for an Australian IPO in late October that could raise up to $5B. The company has been scaling aggressively, after securing a $10B loan earlier this year and another $2B equity investment in August. Source: Bloomberg

FIRMUS SIGNS MULTI-YEAR OPENAI AI INFRA DEAL NVIDIA-backed Firmus will supply OpenAI with dedicated compute from two new AI factory sites in Malaysia, making OpenAI an anchor customer. The deal pushes Firmus past 900 MW of contracted capacity across a network of 7 AI factories in 4 countries, with 2 operational and 5 more under development. The Malaysia sites will deploy NVIDIA $NVDA Vera Rubin NVL72 systems using NVIDIA’s DSX platform alongside Firmus’ HyperCube infrastructure for power, liquid cooling, networking and accelerated compute. Firmus says the architecture is designed to bring capacity online faster and lower the cost of producing AI tokens. Firmus was valued at more than $10.5B in its latest funding round and is reportedly considering an IPO as soon as this year. This is stronger because the angle becomes OpenAI + 900 MW + Vera Rubin + regional AI factory buildout, rather than just “Firmus signs OpenAI.”

- Firmus secures multi-year partnership with OpenAI as anchor customer for AI compute capacity. - OpenAI will contract capacity from two new Firmus AI factory sites in Malaysia. - Firmus total contracted capacity across all customers grows to over 900 megawatts; seven sites operational or under development across Asia-Pacific. > Firmus's partnership with OpenAI validates demand for regionally distributed AI compute capacity in Asia-Pacific and demonstrates the company's ability to secure major hyperscaler commitments. > The deal accelerates data center deployment timelines in Southeast Asia, potentially creating a significant new supply source for AI infrastructure outside traditional North American and European markets.

Nvidia-backed Firmus is in talks to raise $10B to buy $NVDA chips for its 360MW AI data center in Batam, Indonesia, ahead of an Australian IPO that could raise up to $5B Financing: $7.5B debt + $2.5B equity Nvidia is also expected to provide revenue-sharing and credit support

Nvidia-Backed Firmus Seeks $10 Billion Financing for Indonesian Data Center Ahead of $5 Billion IPO Australian AI startup Firmus Technologies Pty is currently in talks with lenders to secure a massive $10 billion financing package to purchase Nvidia Corp. chips. The capital will primarily fund hardware for its 360-megawatt Nvidia DSX AI Factory campus in Batam, Indonesia, being developed in partnership with DayOne Data Centers Ltd. The proposed transaction involves raising about $7.5 billion in debt and $2.5 billion in equity, complete with revenue-sharing and credit support from Nvidia to mitigate risk. This capital raise paves the way for Firmus's planned initial public offering in late October, which is projected to raise up to $5 billion and rank among Australia's largest listings.