Huo Xing Finance reports that on August 7, AI infrastructure company Firmus completed a $2 billion equity financing round, valuing the company at over $10.5 billion post-investment. NVIDIA and Coatue Management continued to participate in this round, while Blackstone’s fund and Jane Street joined as new investors. Firmus previously engaged in Bitcoin mining before transitioning into data centers and AI infrastructure; the funds raised will be used to accelerate the construction of its AI factory in Australia and further expand into Asian markets. (Reuters)
Firmus Completes $2 Billion Equity Financing, Valued at Over $10.5 Billion
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Summary
Firmus closed a $2 billion equity round on August 7, 2026, pushing its valuation above $10.5 billion. Investors included NVIDIA, Coatue, and new backers such as Blackstone and Jane Street. Once a Bitcoin miner, the company now focuses on AI infrastructure. The funds will expand AI facilities in Australia and accelerate entry into Asian markets. Altcoins to watch may gain momentum as trends in the Fear & Greed Index reflect growing institutional interest in technology-driven assets.
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