The Australian infrastructure company, which started in Bitcoin mining, is now deploying tens of thousands of Nvidia GPUs across the Asia-Pacific region
Firmus Technologies, an Australian company that cut its teeth in Bitcoin mining before pivoting to AI infrastructure, has joined Nvidia’s DGX Cloud Lepton marketplace as a Cloud Partner. The deal opens up Firmus’ GPU clusters in Singapore and Australia to a wider pool of developers through Nvidia’s unified accelerated computing platform.
From mining rigs to AI factories #
Firmus was founded in 2019 with a focus on Bitcoin mining technology. Co-founder and co-CEO Oliver Curtis originally directed operations in the mining space before the company evolved its focus toward energy-efficient AI data centers.
The Nvidia partnership is anchored by Project Southgate, a collaboration between Firmus, Nvidia, and CDC Data Centres aimed at building large-scale AI factories. The flagship site at Southgate Melbourne is set to house approximately 18,400 to 18,500 Nvidia GB300 GPUs, with rollouts expected to begin in 2026.
The broader ambition behind Project Southgate is even larger. Firmus has outlined plans for over $70 billion in planned capacity across Australia, targeting multi-billion-dollar annual contracts with enterprise and sovereign clients.
The money behind the machines #
In April 2026, the company closed a $505 million equity round at a $5.5 billion post-money valuation. Coatue Management led the round, with Nvidia itself participating as an investor. That brought total equity raised to $1.35 billion.
Earlier in 2026, Firmus secured a $10 billion debt facility to finance its infrastructure buildout, bringing combined financing to over $11 billion.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our