Equity placement · AI
Firmus closes A$330 million equity placement for Project Southgate
Ellerston Capital led the September 2025 financing, with NVIDIA participating.
Firmus announced a closed A$330 million equity placement on 16 September 2025. Ellerston Capital led the financing, with participation from NVIDIA and other Australian investors. The transaction valued the company at A$1.85 billion after the investment.
The capital was intended to accelerate Project Southgate in northern Tasmania. Firmus planned a renewable-powered AI factory campus with 36,000 NVIDIA GPUs across two stages, using its modular cooling and infrastructure platform.
Use of funds
Develop Project Southgate AI factory campus
Funding history
Equity placement · This roundA$330M