Nvidia in talks to invest hundreds of millions in Australian AI cloud firm Firmus

Nvidia is negotiating to invest hundreds of millions of dollars in Firmus, the Australian AI cloud provider that already plans to run a huge fleet of Nvidia chips. If the deal closes, Nvidia would be both Firmus’s supplier and one of its shareholders. The talks come at an awkward moment for Firmus. The company recently postponed a planned Australian IPO because investors had cooled on AI infrastructure. From mining rigs to GPU campuses Firmus did not start out in AI. It began life as a Bitcoin mining operation before pivoting to build infrastructure tuned for AI workloads. Firmus now does this through its proprietary HyperCube platform, which is built on Nvidia technology. The company’s relationship with Nvidia deepened in late June 2026. On June 28/29, the two firms announced a partnership covering an AI factory campus in Batam, Indonesia. Firmus plans to deploy up to 170,000 Nvidia GPUs across a 360 MW campus, with work beginning in the first quarter of 2027. Firmus projects the site could generate $25 to $30 billion in cloud revenue over its first six years. Nvidia would benefit through hardware sales and revenue sharing. A busy year for Firmus fundraising Firmus has raised more...