{"id":132287,"date":"2025-11-14T03:39:10","date_gmt":"2025-11-14T03:39:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/132287\/"},"modified":"2025-11-14T03:39:10","modified_gmt":"2025-11-14T03:39:10","slug":"australian-ai-company-firmus-to-raise-325-million-to-accelerate-ai-infrastructure-rollout","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/132287\/","title":{"rendered":"Australian AI company Firmus to raise $325 million to accelerate AI infrastructure rollout"},"content":{"rendered":"\n<p class=\"yf-1090901\">(Reuters) -Australia&#8217;s Firmus announced on Friday an equity raise of A$500 million (\u200b$324.90 million) as the <a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> company \u200cand potential IPO candidate looks to accelerate development of Project Southgate, its \u200cAI infrastructure initiative.<\/p>\n<p class=\"yf-1090901\">The move comes as global firms push for more investment into infrastructure necessary to compute artificial intelligence technologies amid growing demand for AI-related services.<\/p>\n<p class=\"yf-1090901\">Proceeds from the equity raise \u2060will be used by \u200cthe company to expand site development, infrastructure deployment, and energy deals for AI factories, \u200dor data centres, in selected locations across Australia, the company said in a statement.<\/p>\n<p class=\"yf-1090901\">&#8220;With demand for AI infrastructure accelerating, \u200bthis funding ensures we can meet it quickly, \u200ccost-effectively, and in line with Australia&#8217;s renewable energy future,&#8221; said Co-CEO Tim Rosenfeld.<\/p>\n<p class=\"yf-1090901\">Project Southgate is the company&#8217;s initiative to develop infrastructure, which includes data centres, for AI training and inference. The \u2060initiative, done in collaboration with CDC \u200bData Centres and <a href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\/\" data-ylk=\"slk:Nvidia;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">Nvidia<\/a>, is \u200bexpected to reach a capacity of up to 1.6 gigawatts through 2028.<\/p>\n<p class=\"yf-1090901\">In September, Firmus \u200dclosed a A$330 \u2060million equity placement, with a cornerstone investment by Ellerston Capital, and participation from Nvidia in a bid \u2060to accelerate the development of Project Southgate.<\/p>\n<p class=\"yf-1090901\">($1 = 1.5389 \u200cAustralian dollars)<\/p>\n<p class=\"yf-1090901\">(Reporting by John Biju in Bengaluru;\u200c Editing by Alan Barona)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -Australia&#8217;s Firmus announced on Friday an equity raise of A$500 million (\u200b$324.90 million) as the artificial intelligence&hellip;\n","protected":false},"author":2,"featured_media":132288,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,343,344,972,3129,82641,85,4426,46,82640,125],"class_list":{"0":"post-132287","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-australia","12":"tag-data-centres","13":"tag-firmus","14":"tag-il","15":"tag-infrastructure","16":"tag-israel","17":"tag-project-southgate","18":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/132287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=132287"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/132287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/132288"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=132287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=132287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=132287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}