Asia AI data center provider Firmus has raised $505 million in a new funding round led by Coatue. This investment values the company at $5.5 billion. In just six months, Firmus has now raised a total of $1.35 billion. The Singapore-based company previously secured $215 million from investors including Nvidia. Firmus is building an energy-efficient network of data centers in Australia and Tasmania, called Project Southgate. These facilities will use Nvidia’s reference designs and will be powered by Nvidia’s upcoming Vera Rubin AI platform, set to ship in late 2026. Firmus originally provided cooling for Bitcoin mining, marking its transition from crypto roots to a favored AI infrastructure provider.
