Nvidia-Backed Firmus Raises $2B at a $10.5B Valuation, Nearly Doubling Its April Mark in Four Months
Tech Startups·medium signal
Firmus closed a $2B equity round pushing post-money valuation above $10.5B and total recent equity raises past $3B, with Nvidia and Coatue continuing as existing backers while Blackstone-managed funds and Jane Street entered as new investors. The round nearly doubles the ~$5.5B valuation set in April. Proceeds go to Project Southgate, its large-scale AI training and inference buildout across Australia, plus expansion elsewhere in Asia-Pacific including Indonesia — a company that started in Bitcoin mining and redirected its power position into AI compute.