Firmus Raises $2 Billion for Nvidia-Backed AI Expansion in Asia-Pacific

Firmus is recasting a business once associated with bitcoin mining around AI infrastructure, with Nvidia-linked expansion now at the center of the company narrative.

In its official newsroom post, Firmus said the capital will accelerate Nvidia AI factory expansion across Australia and Asia-Pacific. Based on the source set provided for this phase, that announcement is the primary evidence for both the raise and the company’s decision to define the transaction around AI infrastructure rather than crypto mining. For related coverage, see Strategy Sells $263.5M in MSTR Shares, Buys No Bitcoin.

The valuation detail comes from Reuters reporting carried by WTVB, which said the round nearly doubled Firmus’ valuation in four months. That matters because the official press release does not itself supply a valuation figure, so the story’s biggest signal beyond the capital raise depends on secondary reporting rather than on the company’s own disclosure.

The brief does not include a recent corporate history document, so the “former bitcoin miner” description rests on older reporting. In an AFR Street Talk item dated Dec. 8, 2021, the publication identified Firmus Grid as a bitcoin miner while reporting that it was targeting an ASX listing, which is the clearest support available here for the company’s mining-era identity. For related coverage, see Michael Saylor Opposes BIP 110, Urges Bitcoin Neutrality.

That older framing is relevant because it shows the pivot is not just a branding tweak but a change in how Firmus is being positioned in public sources. Readers tracking the mining side of the market may recognize the contrast with AICryptoCore’s earlier coverage of technical and network risks tied to bitcoin miners, while the AFR report anchors Firmus in that earlier category. For related coverage, see Strategy Sells $466.7M in MSTR Shares, No Bitcoin Buys.

The narrow conclusion supported by the evidence is that Firmus has announced fresh equity capital for AI buildout and tied that plan to Nvidia-linked infrastructure growth in Australia and Asia-Pacific. The brief does not provide customer contracts, deployment milestones, or audited capacity figures, so stronger claims about execution would go beyond the record supplied for this run. For related coverage, see Ledger Co-Founder Warns $1M Bitcoin Could Signal Collapse.

The pivot also sets Firmus apart from bitcoin-linked capital stories that stayed focused on treasury strategy, including Strategy’s recent share sale without a bitcoin purchase and a separate July filing with the same outcome. Here, both the Reuters-backed valuation report and the company announcement frame the capital raise around AI infrastructure instead.

Disclosure: This draft is intentionally limited to the evidence in Firmus’ newsroom statement, the Reuters report carried by WTVB, and the AFR Street Talk report cited in the research brief.