Firmus (ASX:FMS) Secures $10B Debt Financing Led by Blackstone and Coatue

Firmus (ASX:FMS), an Australian AI infrastructure developer, announced on February 9, 2026, the completion of a $10 billion debt financing led by Blackstone and Coatue Management. Proceeds will fund Phase Two of Project Southgate, building AI training and inference data centers across Australia with collaboration from CDC Data Centres and Nvidia. The initiative aims to reach a peak capacity of 1.6 gigawatts over the next three years. The company previously raised A$830 million in equity placements last year, supported by Nvidia and Ellerston Capital. ($1 = 1.4251 Australian dollars)