Recent changes
- Aug 7, 2026Aug 7, 2026Firmus Grid Raises $2B for AI Factories in APAC Pulse story
Latest Pulse
- Sep 24, 2026This Fall's IPO Cohort, Scored Deal By DealSix live IPO storylines this week produced wildly different outcomes -- from a 19% Hong Kong pop to a pulled US deal -- and the spread says this fall's IPO window rewards individual fundamentals, not just good timing.→
- Sep 24, 2026Firmus Reveals $77M Loss Forecast Ahead Of $5B IPOFirmus Grid's draft prospectus forecasts a $77 million first-half loss even as the Nvidia-backed data center operator priced its Australian IPO at A$11.00 a share to raise A$7.1 billion ($4.94 billion), a $30.6 billion equity valuation (about $60 billion including debt), according to a term sheet reviewed by Reuters.→
- Aug 7, 2026Firmus Grid Raises $2B for AI Factories in APACAustralian AI infrastructure builder Firmus Grid closed a fully subscribed $2 billion round from Nvidia, Coatue and Blackstone, pushing its valuation above $10.5 billion to fund AI-factory expansion across Australia and Asia-Pacific.→
- Aug 7, 2026Ex-Bitcoin Miner Firmus Raises $2B for AI FactoriesFormer bitcoin miner Firmus Grid raised a $2 billion strategic round from Nvidia, Coatue and Blackstone, pushing its post-money valuation above $10.5 billion to build AI data centers across Australia and the Asia-Pacific.→
Coverage Timeline
newest firstAll Coverage
IPOUp to $5.5B IPO
Firmus Reveals $77M Loss Forecast Ahead Of $5B IPO
Firmus Grid's draft prospectus forecasts a $77 million first-half loss even as the Nvidia-backed data center operator priced its Australian IPO at A$11.00 a share to raise A$7.1 billion ($4.94 billion), a $30.6 billion equity valuation (about $60 billion including debt), according to a term sheet reviewed by Reuters.
DEEP DIVE
Firmus Grid Raises $2B for AI Factories in APAC
FUNDING$2B at $10.5B
Firmus Grid Raises $2B for AI Factories in APAC
Australian AI infrastructure builder Firmus Grid closed a fully subscribed $2 billion round from Nvidia, Coatue and Blackstone, pushing its valuation above $10.5 billion to fund AI-factory expansion across Australia and Asia-Pacific.
DEEP DIVE
Ex-Bitcoin Miner Firmus Raises $2B for AI Factories
FUNDING$2B at $10.5B+
Ex-Bitcoin Miner Firmus Raises $2B for AI Factories
Former bitcoin miner Firmus Grid raised a $2 billion strategic round from Nvidia, Coatue and Blackstone, pushing its post-money valuation above $10.5 billion to build AI data centers across Australia and the Asia-Pacific.
DEEP DIVE