Krux
February 10, 2026
Australia's Firmus Scores $10B to Build AI Mega-Infrastructure
Published: February 10, 2026 at 12:45 AM
Updated: February 10, 2026 at 12:45 AM
100-word summary
Australian AI infrastructure company Firmus just locked in a massive $10 billion debt package led by Blackstone and Coatue Management to supercharge Project Southgate—its plan to blanket Australia with AI data centres. The funding, done with CDC Data Centres and Nvidia, aims to roll out 1.6 gigawatts of capacity by 2028. Melbourne's already getting 18,500 Nvidia GB300 GPUs online in Q1 2026, while Tasmania's Green AI Campus will host 36,000 GPUs. Firmus previously raised A$830 million in equity, with Nvidia jumping in as an investor. This could cement Australia as a serious AI infrastructure hub outside the US-China axis.
What happened
Australian AI infrastructure company Firmus just locked in a massive $10 billion debt package led by Blackstone and Coatue Management to supercharge Project Southgate—its plan to blanket Australia with AI data centres. The funding, done with CDC Data Centres and Nvidia, aims to roll out 1.6 gigawatts of capacity by 2028. Melbourne's already getting 18,500 Nvidia GB300 GPUs online in Q1 2026, while Tasmania's Green AI Campus will host 36,000 GPUs. Firmus previously raised A$830 million in equity, with Nvidia jumping in as an investor.
Why it matters
This could cement Australia as a serious AI infrastructure hub outside the US-China axis.