--- title: "The valuation skyrocketed to AUD 6 billion in half a year! NVIDIA partner Firmus is sprinting towards a Sydney IPO with a multi-billion dollar order" type: "News" locale: "en" url: "https://longbridge.com/en/news/277410970.md" description: "Firmus Technologies announced that it has signed a multi-billion dollar long-term service contract prior to launching its initial public offering (IPO), involving the construction of data centers in Melbourne and providing computing power support. The company's valuation has soared to approximately AUD 6 billion, and it is expected to be listed on the Sydney Stock Exchange in 2026. Firmus is collaborating with NVIDIA to build renewable energy-driven data centers in Australia to meet global AI computing power demands" datetime: "2026-03-02T06:03:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277410970.md) - [en](https://longbridge.com/en/news/277410970.md) - [zh-HK](https://longbridge.com/zh-HK/news/277410970.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/277410970.md) | [繁體中文](https://longbridge.com/zh-HK/news/277410970.md) # The valuation skyrocketed to AUD 6 billion in half a year! NVIDIA partner Firmus is sprinting towards a Sydney IPO with a multi-billion dollar order According to Zhitong Finance APP, Firmus Technologies, an Australian artificial intelligence infrastructure provider deeply strategically invested by global chip giant NVIDIA (NVDA.US), announced the signing of a milestone long-term service contract on the eve of its official initial public offering (IPO). This multi-billion dollar agreement involves the construction of a new data center in Melbourne and providing large-scale computing power support to a global technology giant, with approximately 18,400 of NVIDIA's latest GB300 GPUs to be deployed. The signing of this new contract has significantly boosted Firmus's market valuation and IPO expectations. Market news indicates that Firmus's current valuation has soared to approximately AUD 6 billion (about USD 4.2 billion), doubling from AUD 1.85 billion in September 2025. Thanks to the ongoing heated demand for global AI computing power, the company is actively preparing for an IPO on the Sydney Stock Exchange within 2026. To support its ambitious global expansion, Firmus has previously completed substantial financing, including USD 10 billion in debt financing led by Blackstone Group and Coatue, aimed at building renewable energy-driven data centers with a total capacity of 1.6GW across Australia. It is understood that NVIDIA is collaborating with Firmus Technologies to create a large-scale renewable energy-powered AI data center cluster across Australia. As a key partner in NVIDIA's global layout, Firmus not only gains priority in the supply of top chips but also achieves a high energy efficiency ratio through its innovative immersion cooling technology, which aligns closely with NVIDIA's strategy of building green AI factories. Additionally, a recent report from the Commonwealth Bank of Australia indicates that Australia has become one of the fastest-growing hotspots for data center investment globally and has jumped to become the third most popular destination for artificial intelligence investment, following the United States and China. 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