Firmus Technologies, a data centre company valued at $1.9 billion, has recruited Xero’s former chief financial officer and named retired TPG executive Grant Dempsey as its chairman to help the company prepare for a run at the ASX boards next year.

The company, led by co-chief executives Oliver Curtis and Tim Rosenfield, is cashing in on the artificial intelligence gold rush by developing a large data centre campus in Tasmania where its software and cooling technology will power, train and run AI systems.

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