Blackstone Drops $10B on Australian AI Data Center Startup
Firmus scores one of Australia's largest private credit deals to fuel its AI infrastructure expansion.
Australian AI infrastructure startup Firmus just landed a massive $10 billion loan. Blackstone-led funds and Coatue Capital are backing the deal, making it one of the largest private credit agreements in Australian history.
The money's going straight into data center expansion. As AI workloads explode globally, the race to build compute infrastructure is getting expensive fast.
Firmus is positioning itself as a key player in the Asia-Pacific AI infrastructure game. With hyperscalers and AI companies scrambling for capacity, data centers have become the new gold rush.
This deal signals serious investor confidence in the region's AI ambitions. When Blackstone and Coatue write a check this size, they're betting big on demand that isn't slowing down anytime soon.