SYDNEY (Feb 9): Australian artificial intelligence (AI) company Firmus said on Monday that it had finalised a US$10 billion debt funding package led by global private equity firm Blackstone and Coatue Management, a New York-based technology investor. Firmus said the funding would be used to build the next phase of its Project Southgate, the company's initiative to develop AI training and inference infrastructure, which includes data centres, across Australia. The initiative, done in collaboration with CDC Data Centres and US chip giant Nvidia is expected to reach a capacity of up to 1.6 gigawatts over the next three years. "AI is driving one of the most significant infrastructure build-outs in decades, and we believe Australia can play a central role in that transformation." Firmus raised A$830 million (US$582.41 million) in two separate equity placements last year that were backed by Nvidia and Australian investor Ellerston Capital, Reuters reported.

Source: The Edge Markets February 09, 2026 03:01 UTC