Half-year valuation skyrockets to AUD 6 billion! NVIDIA partner Firmus rushes to Sydney IPO with a billion-dollar deal

Dow Jones Financial APP learned that Australian AI infrastructure provider Firmus Technologies, deeply strategic investor of global chip giant NVIDIA (NVDA.US), announced the signing of a milestone long-term service contract on the eve of its initial public offering (IPO). This multi-billion dollar agreement involves building a new data center in Melbourne and providing large-scale computing support to a global tech giant, deploying approximately 18,400 of NVIDIA’s latest GB300 GPUs.

The signing of this new contract has also significantly boosted Firmus’s market valuation and IPO expectations. Market reports indicate that Firmus’s current valuation has soared to about AUD 6 billion (approximately USD 4.2 billion), doubling from AUD 1.85 billion in September 2025.

Thanks to the ongoing global surge in AI computing demand, the company is actively preparing for an IPO on the Sydney Stock Exchange within 2026. To support its ambitious global expansion, Firmus has previously completed substantial financing, including a USD 10 billion debt financing led by Blackstone Group and Coatue, aimed at building renewable energy-powered data centers with a total capacity of 1.6 GW across Australia.

It is understood that NVIDIA is collaborating with Firmus Technologies to develop a large-scale renewable energy-powered AI data center cluster nationwide in Australia. As a key partner in NVIDIA’s global strategy, Firmus not only receives priority in chip supply but also achieves high energy efficiency through its innovative immersion cooling technology, aligning closely with NVIDIA’s strategy to build green AI factories.

Additionally, a recent report from the Commonwealth Bank of Australia shows that Australia has become one of the fastest-growing regions for data center investments globally and ranks third in AI investment hotspots worldwide, behind only the United States and China. As global demand for high-performance computing continues to surge, local Australian companies are actively adjusting their strategic layouts to capture a larger share of the AI infrastructure spending market.