Former Bitcoin miner Firmus raises $2B at $10.5B valuation to expand Nvidia AI infrastructure across Asia-Pacific.
Macro & Markets ·
Firmus, a former Bitcoin mining operation, has raised $2 billion in a funding round that values the company at $10.5 billion, with plans to deploy Nvidia AI infrastructure across Asia-Pacific regions. The capital influx marks a significant expansion into data center buildout targeting GPU-intensive workloads in the region.
The shift reflects broader market dynamics as operators historically focused on cryptocurrency mining repurpose capital, hardware expertise, and real estate footprints toward AI compute infrastructure. Nvidia's dominance in supplying the chips required for large-scale AI operations has created substantial demand for data center capacity globally, particularly in regions seeking to develop local AI compute capabilities.
Key details about the investors, deployment timeline, and specific Nvidia chip generations to be deployed remain undisclosed in available reporting.