Firmus, a former Bitcoin miner pivoting to AI infrastructure, raises $2B at $10.5B valuation with backing from Nvidia, Blackstone, and Jane Street.
AI & Agents ·
Firmus, a company that transitioned from Bitcoin mining to AI infrastructure, has secured $2 billion in equity funding at a valuation exceeding $10.5 billion, according to Reuters reporting. The round included repeat backers Nvidia and Coatue Management alongside new investors Blackstone-managed funds and Jane Street.
The capital injection will be deployed to accelerate construction of Firmus' AI facilities in Australia and enable geographic expansion throughout Asia. The funding underscores continued institutional appetite for AI infrastructure plays, particularly those backed by major chip makers and established financial firms.
What remains unclear is the exact capital deployment timeline, the specific scope of the Asia expansion plans, and whether additional funding rounds are being pursued.