Firmus is seeking about $10 billion to buy Nvidia chips for an Indonesian data center
Bloomberg says the package includes $7.5 billion in debt and $2.5 billion in equity
Firmus is targeting an October ASX listing, with Reuters reporting a potential $5 billion raise
Firmus has seven sites across Australia, Singapore, Indonesia and Malaysia
OpenAI signed a multi-year deal for dedicated compute capacity at two Firmus sites in Malaysia
Firmus Technologies, an Australian AI infrastructure firm, is in talks for a roughly $10 billion financing package to buy Nvidia chips for its data center in Indonesia, Bloomberg reported Wednesday, citing sources familiar with the matter.
The company is seeking to raise about $7.5 billion in debt across senior and mezzanine portions, and $2.5 billion in equity, according to the report.
The potential financing comes ahead of a planned ASX listing targeted for October. Reuters reported that the company is seeking to raise up to $5 billion for the IPO, which would be the second-largest Australia-listed IPO on record.
Firmus started out as a bitcoin mining firm in 2019 and currently has seven facilities across Australia, Singapore, Indonesia and Malaysia. According to a statement released earlier this month, two sites in Australia and Singapore are operational, while the other five are under development.
It has also signed a multi-year deal with OpenAI, which will take dedicated AI compute capacity from two Firmus sites in Malaysia.
"We're excited to work with Firmus as we expand our global compute capacity," Sachin Katti, VP of compute strategy at OpenAI, said earlier this month. "These new data centers in Malaysia will help us serve growing demand for OpenAI’s products across the region and around the world."
Firmus declined The Latent's request for further comment.
