Firmus, an Australian AI data center company supported by Nvidia, has successfully raised $505 million at a $5.5 billion valuation in its last pre-IPO funding round. The firm is now preparing for a $2 billion initial public offering on the Australian Securities Exchange expected in June or July. This move is supported by a $10 billion debt facility led by Blackstone, arranged in February, and aims to power a deployment of 1.6 gigawatts across its AI factory network.
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