Australian AI developer Firmus has secured a 10 billion dollar debt package from Blackstone and Coat...
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The $10B debt package for Firmus updates the neo-cloud/infrastructure landscape by establishing a major utility-scale compute node in Australia, satisfying the $1B+ trigger for cross.§D and the data-center build-out trigger for cross.§A.
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Australian AI developer Firmus has secured a 10 billion dollar debt package from Blackstone and Coatue to scale Project Southgate. This initiative with Nvidia and CDC Data Centres targets 1.6 gigawatts of compute by 2028. The move signals a systemic shift toward AI infrastructure as a utility-scale asset class. By deploying 18,500 Nvidia GB300 GPUs, Firmus is establishing Australia as a global node for sovereign AI. 🚀🇦🇺