Former Bitcoin miner Firmus raises $2 billion at a $10.5 billion valuation to expand AI infrastructure in Australia and Asia.
Firmus, a company previously focused on Bitcoin mining, has raised $2 billion in equity funding to accelerate its pivot to AI infrastructure. The round values the firm at over $10.5 billion post-money, with participation from Nvidia, Coatue Management, Blackstone-managed funds, and Jane Street.
The funding follows Firmus’ shift from cryptocurrency mining to AI infrastructure, targeting expansion in Australia and across Asia. Prior rounds included backing from Nvidia and Coatue, signaling continued investor confidence in its AI-driven growth strategy.
Proceeds will support the buildout of AI factories and further regional expansion, positioning Firmus as a key player in the AI hardware market.