1 hr. ago
Australian AI infrastructure startup Firmus Technologies has received full commitments for a $2bn strategic equity investment round, as it moves ahead with its Project Southgate AI Factory rollout across Australia.
The round includes follow-on participation from Coatue and Nvidia, as well as new investment from funds managed by Blackstone Tactical Opportunities and other Blackstone vehicles, which the company collectively referred to as Blackstone. Global trading and technology firm Jane Street is also participating.
Firmus said the funding will support the next phase of Project Southgate in Australia and help prepare for expansion into other Asia-Pacific markets.
The company said it already manufactures its proprietary HyperCube platform in Australia and has grid-aware software in place. It added that the new capital will help accelerate its domestic rollout and support targeted investments tied to future expansion.
Firmus said it is developing an AI infrastructure based on Nvidia's DSX AI Factory Reference Architecture to speed up deployment, improving tokens per watt, and boosting resiliency at scale.
#firmus #project #infrastructure #round
The round includes follow-on participation from Coatue and Nvidia, as well as new investment from funds managed by Blackstone Tactical Opportunities and other Blackstone vehicles, which the company collectively referred to as Blackstone. Global trading and technology firm Jane Street is also participating.
Firmus said the funding will support the next phase of Project Southgate in Australia and help prepare for expansion into other Asia-Pacific markets.
The company said it already manufactures its proprietary HyperCube platform in Australia and has grid-aware software in place. It added that the new capital will help accelerate its domestic rollout and support targeted investments tied to future expansion.
Firmus said it is developing an AI infrastructure based on Nvidia's DSX AI Factory Reference Architecture to speed up deployment, improving tokens per watt, and boosting resiliency at scale.
#firmus #project #infrastructure #round
1 month ago
NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks with rising earnings estimates and fresh catalysts.
The stock has 44 upward EPS revisions and 4 downward revisions for the upcoming fiscal year over the last three months, while revenue estimates show 46 upward revisions and 4 downward revisions. That gives Nvidia the strongest net EPS revision score in the screen, while the latest catalyst is tied to how the company may monetize AI infrastructure demand beyond one-time hardware sales.
On July 1, Nvidia said it was partnering with AI cloud companies through a revenue-sharing and credit-support model for large-scale, multi-tenant AI factories. Under the model, AI clouds sell Nvidia-powered cloud services, while Nvidia earns standard product revenue and a share of cloud revenue on supported capacity. The company said Sharon AI is deploying up to 40,000 Grace Blackwell GB300 GPUs, while Firmus is building a DSX AI factory campus in Batam, Indonesia, expected to scale to 360 megawatts and up to 170,000 Nvidia GPUs. The catalyst is stronger because it links Blackwell's demand to a recurring, usage-linked revenue structure.
NVIDIA Corporation (NASDAQ:NVDA) designs graphics processors, data-center accelerators, networking systems, CPUs, and AI software platforms used across gaming, cloud computing, enterprise AI, autonomous systems, robotics, and high-performance computing.
While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
The stock has 44 upward EPS revisions and 4 downward revisions for the upcoming fiscal year over the last three months, while revenue estimates show 46 upward revisions and 4 downward revisions. That gives Nvidia the strongest net EPS revision score in the screen, while the latest catalyst is tied to how the company may monetize AI infrastructure demand beyond one-time hardware sales.
On July 1, Nvidia said it was partnering with AI cloud companies through a revenue-sharing and credit-support model for large-scale, multi-tenant AI factories. Under the model, AI clouds sell Nvidia-powered cloud services, while Nvidia earns standard product revenue and a share of cloud revenue on supported capacity. The company said Sharon AI is deploying up to 40,000 Grace Blackwell GB300 GPUs, while Firmus is building a DSX AI factory campus in Batam, Indonesia, expected to scale to 360 megawatts and up to 170,000 Nvidia GPUs. The catalyst is stronger because it links Blackwell's demand to a recurring, usage-linked revenue structure.
NVIDIA Corporation (NASDAQ:NVDA) designs graphics processors, data-center accelerators, networking systems, CPUs, and AI software platforms used across gaming, cloud computing, enterprise AI, autonomous systems, robotics, and high-performance computing.
While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
1 month ago
Australian AI infrastructure startup Firmus Technologies has announced a long-term partnership with Nvidia to establish a dedicated AI campus in Batam, Indonesia.
The campus will provide large-scale AI computing resources for enterprise, independent software vendor (ISV), and AI-native clients worldwide.
Under the agreement, Firmus will create a 360-megawatt (MW) Nvidia DSX AI Factory campus, set to feature up to 170,000 Nvidia AI accelerators.
The facility is scheduled to begin deploying Vera-Rubin, Grace-Blackwell, and Vera platform accelerators through 2027 and 2028, which would make it one of the largest AI infrastructure projects in the Asia-Pacific region. The collaboration is expected to run until 2034.
Firmus stated that the venture would allow global customers to access Nvidia's AI accelerated computing stack through a structure combining revenue sharing and credit support.
The campus will provide large-scale AI computing resources for enterprise, independent software vendor (ISV), and AI-native clients worldwide.
Under the agreement, Firmus will create a 360-megawatt (MW) Nvidia DSX AI Factory campus, set to feature up to 170,000 Nvidia AI accelerators.
The facility is scheduled to begin deploying Vera-Rubin, Grace-Blackwell, and Vera platform accelerators through 2027 and 2028, which would make it one of the largest AI infrastructure projects in the Asia-Pacific region. The collaboration is expected to run until 2034.
Firmus stated that the venture would allow global customers to access Nvidia's AI accelerated computing stack through a structure combining revenue sharing and credit support.
