# Firmus Grid Raises $2B for AI Factory Expansion Across Asia-Pacific

> Firmus, an Australian company building energy-efficient AI data centers, has raised about 2 billion US dollars, or roughly 3.1 billion Australian, in a strategic equity round that values it near 10.5 billion dollars. The investor list is a who's who of the AI infrastructure boom: Coatue and Blackstone leading, with NVIDIA and trading firm Jane Street joining in. The money funds Project Southgate, Firmus's push to roll out what it calls AI factories across the Asia-Pacific region. That framing matters, because the current bottleneck in AI is less about clever models and more about power, cooling, and the physical space to run enormous fleets of chips, and Firmus pitches efficiency as its edge. It is also a reminder that the capital pouring into AI is increasingly flowing to concrete and copper rather than software. A 10.5 billion dollar valuation for an infrastructure player outside the usual US hubs signals how global and how capital-intensive the buildout has become, and how much investors are betting demand for compute keeps climbing.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: Bloomberg · Published Friday, August 14, 2026_

## Wortins' read

Firmus, an Australian company building energy-efficient AI data centers, has raised about 2 billion US dollars, or roughly 3.1 billion Australian, in a strategic equity round that values it near 10.5 billion dollars. The investor list is a who's who of the AI infrastructure boom: Coatue and Blackstone leading, with NVIDIA and trading firm Jane Street joining in. The money funds Project Southgate, Firmus's push to roll out what it calls AI factories across the Asia-Pacific region. That framing matters, because the current bottleneck in AI is less about clever models and more about power, cooling, and the physical space to run enormous fleets of chips, and Firmus pitches efficiency as its edge. It is also a reminder that the capital pouring into AI is increasingly flowing to concrete and copper rather than software. A 10.5 billion dollar valuation for an infrastructure player outside the usual US hubs signals how global and how capital-intensive the buildout has become, and how much investors are betting demand for compute keeps climbing.

## Source

[Read the full story at Bloomberg](https://www.bloomberg.com/news/articles/2026-08-07/ai-data-center-group-firmus-draws-2-billion-from-coatue-nvidia)

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