Former Bitcoin miner Firmus raises $2B as Blackstone, Nvidia back AI push

Firmus, a former Bitcoin mining company that has repositioned itself as an AI infrastructure provider, has secured $2 billion in new equity funding, lifting its post-money valuation above $10.5 billion as it expands AI factory projects across Australia and the Asia-Pacific region. Summary Former Bitcoin miner Firmus has raised $2 billion in fresh equity, lifting its valuation above $10.5 billion. Blackstone, Nvidia, Coatue and Jane Street participated in the funding round to support the company’s AI infrastructure expansion. The new capital will accelerate Project Southgate in Australia while funding early expansion into Indonesia and other Asia Pacific markets. The raise brings Firmus’ total equity funding over the past year to more than $3 billion as it scales AI factory deployments. According to Firmus, the strategic equity round received full investment commitments from existing backers Coatue and Nvidia, alongside new funding from funds managed by Blackstone Tactical Opportunities and other Blackstone vehicles, with additional participation from global trading and technology firm Jane Street. The latest raise nearly doubles Firmus’ valuation from the $5.5 billion level recorde...