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The Latest Breaking News from Firmus

Is this the beginning of the end of the AI stock market boom?

After a wobble on the tech-heavy Nasdaq, some AI market observers think a reassessment of the potential value of various businesses may be under way

The Guardian - AU · 2h ago

Market selloff, rising rates test AI data centre deal boom

A market selloff is forcing companies driving the global AI boom to delay fundraising plans or pay more for capital as investors demand proof they can absorb rising interest rates and computing-power costs.

The Economic Times · Oct 15

AI data centres to 'pay their way' via community fund

A state government is pursuing plans to make artificial intelligence and data centre companies pay money into a community fund, but details are unclear.

AAP · Oct 14

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Firmus Just Cancelled Its Multibillion-Dollar IPO. What That Means for SpaceX Stock Amid AI Spending Panic.

SpaceX is looking to tap the debt markets soon.

Barchart · Oct 13

Morning Mail: AFL tells Sportsbet to ditch AI players; Anne Aly reveals death threats; and Musk’s electoral play

League tells gambling partner to stop using AI memes of players to sell products; minister reveals toll after MP says she should be ‘shamed and stoned’

The Guardian - AU · Oct 13

Who’s paying whom? The circular money machine behind the AI boom (or bubble)

Imagine a company that sells you equipment, invests money in your business, and then rents back what you build with it. It’s your supplier, your investor and your customer all at once.

The Conversation · Oct 13

Nvidia-backed AI Company Firmus Just Canceled its IPO. What That Means for NVDA Stock.

Firmus, backed by Nvidia, pulled its $5 billion IPO after investors balked at the price and debt. Here is what it means for Nvidia stock and the AI trade.

Barchart · Oct 13

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IPO Watch: Want to invest in Initial Public Offering? Know this factor before buying shares

IPO tracker: Australia's Nvidia-backed AI data centre operator Firmus withdrew its planned stock market listing on the bourse in October, citing market volatility and prevailing market conditions.

The Economic Times · Oct 9

Global IPO market faces setback as high-profile listings are scrapped, delayed in 2026

Several high-profile IPOs have been withdrawn, delayed or shelved in 2026 as market volatility and valuation concerns weigh on investor demand. From Firmus and Oura to PhonePe and KNDS, companies are reassessing public listings and fundraising plans.

The Economic Times · Oct 9

Global Market: Maas Group shares plunge 11% after Nvidia-backed Firmus scraps $5 billion IPO

Maas Group shares plunged nearly 11% after Nvidia-backed Firmus withdrew its planned $5 billion IPO, raising valuation concerns. Despite the setback, contracts worth A$1.1 billion remain intact, providing revenue visibility amid uncertainty over Firmus's funding strategy and AI infrastructure valuations.

The Economic Times · Oct 9

From boom to bust in five days: how Firmus’s much-hyped Australian stock market listing imploded

Datacentre company’s sensational entry to the ASX did not go as planned – but investors may have sidestepped a disaster

The Guardian - AU · Oct 9

After Firmus shelved the biggest ASX listing in 30 years, what does it say to investors about AI hype?

It was pitched to investors as “the biggest initial public offering (IPO) in a generation”.

The Conversation · Oct 9

Firmus fizzles out: AI factory firm pulls $44b float

The $7 billion stock exchange float of Bitcoin miner-turned data centre operator Firmus has been scrapped after investors questioned its lofty valuation.

AAP · Oct 8

Firmus pulls biggest ASX float since Telstra amid investor doubt about datacentre company

The $11-a-share offer would have been the biggest debut on the stock market since the telecommunication giant in 1997

The Guardian - AU · Oct 8

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AAP · Oct 8

AI factory firm's $7b IPO looks doubtful

The $7 billion ASX float of Bitcoin miner turned AI data centre operator Firmus is struggling to get off the ground amid concerns about its lofty valuation.

The Guardian - AU · Oct 8

Datacentre company Firmus’s high flying valuation may be coming back down to earth ahead of expected ASX debut

Sources say Firmus is slashing its price and may even shelve initial public offering altogether

The Conversation · Oct 7

Can data centre company Firmus live up to its blockbuster $43 billion listing value? Why some investors doubt it

Firmus Technologies, a developer of artificial intelligence (AI) data centres, plans to raise A$7 billion from investors on the Australian Securities Exchange on October 23.

AAP · Oct 6

Cyber firm labels AI without regulation as 'wild west'

Australia can't afford to just pull up the drawbridge against artificial intelligence threats, experts say, urging the government to force AI to be safer.

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The Guardian - AU · Oct 2

‘These guys are just coming from nothing’: questions over multibillion-dollar Firmus float amid datacentre backlash

‘AI factories’ developer on track to launch the second-biggest IPO in Australian history, but investors warn its forecasts are ‘a little bit of a fairytale’

The Economic Times · Sep 29

Meta taps Australia's Firmus for AI computing capacity in Southeast Asia

Australia's Firmus said on Tuesday it had signed AI infrastructure agreements with Facebook parent Meta Platforms for graphics processing unit compute capacity at its data centre facilities in Southeast Asia.

The Economic Times · Sep 8

Nvidia-backed Firmus signs deal with OpenAI for Malaysia data centre capacity

Australia's Firmus said on Tuesday it had signed a multi-year deal with OpenAI to supply computing capacity from two Malaysian data centres, making the ChatGPT maker an anchor customer as demand surges for infrastructure to run advanced AI models.

The Guardian - AU · Aug 26

‘Reluctant’ approval for Tasmanian datacentre sets marker for national battle

Concerns over planning process as George Town council gives go-ahead for 288MW AI factory despite opposition from locals

AAP · Aug 25

AI data centre approved despite community concerns

One premier hopes guardrails on AI technology aren't too tight, after a controversial data centre was approved by council.

Barchart · Jul 8

Nvidia Doubles Down on AI Startups With a Historic Revenue Sharing Model

Nvidia is trading compute for a cut of future cloud profits. Two firms are already testing the model, and analysts are split on what it means.

The Economic Times · Jun 28

Australia's Firmus Technologies strikes AI access deal with Nvidia

Firmus said the deal would see it buy Nvidia infrastructure and sell Nvidia‑powered cloud services ‌to "AI Native" ⁠customers, ⁠among others, in an agreement that would earn the U.S.-listed chip giant product revenue and a share of cloud revenue.

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