company
Australia-based AI cloud company building end-to-end AI Factory data centre projects, backed by a US$2bn equity round and Benmax's design/fabrication business.
No evidence-backed relationships are recorded.
Eight weeks after Nvidia started lending its balance sheet to small AI clouds, internal warnings about antitrust and about how much it was dictating to customers have stopped parts of the programme, and the operators who needed it most have no obvious substitute.
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Nvidia has named eight Australian operators and a 2027 target of up to two gigawatts. The announcement leaves out per-site dates, price, customers and power supply, which is the part a buyer has to sign.
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The five-year deal reported by Bloomberg takes Jane Street's rented GPU commitments to about $19 billion across two vendors, at a firm that already runs its own GPUs in Texas and owns equity in one landlord.
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Firmus is seeking up to $5bn on the Australian exchange, according to Bloomberg, on a contract book that passed 900MW when OpenAI signed for two Malaysian sites. Two of its seven AI factories draw power today.
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Two Malaysian sites take Firmus past 900MW of contracted capacity, though five of its seven data centres are still unbuilt, which puts the scarce input in this trade on the grid side rather than the silicon side.
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The region runs 306 facilities and has 173 more coming, most of the announced load in Johor. The forecaster counting them expects Malaysia to deliver about a ninth of it by 2031.
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The Australian AI cloud company is acquiring Benmax's fabrication, design and projects business, doubling its own headcount to 340 and taking mechanical manufacturing in-house.
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