AI infrastructure powerhouse Firmus has secured a massive $14.2 billion debt financing facility to accelerate the build-out of its national "AI factory" network.
The landmark deal, led by private equity titan Blackstone and US investment firm Coatue, arrives just days after Firmus announced a $100 million equity injection from Maas Group, signaling a rapid escalation in Australia's bid to become a global computing hub.
The capital is earmarked for Project Southgate, the next phase of the company’s expansion which aims to transform its flagship Launceston campus into a nationwide grid.
Late last year, Firmus solidified its market position through strategic partnerships with Nvidia and CDC Data Centres, targeting new high-capacity sites in Sydney, Melbourne, Canberra, and Perth.