Firmus Inks Deals with Meta for Expanded AI Compute Capacity in Southeast Asia, Eyes $5B IPO

Published: Sep 30, 2026 17:16 (GMT+8)

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Australian AI-infrastructure firm Firmus announced strategic agreements with Meta for GPU compute capacity at its NVIDIA DSX-based AI factories in Southeast Asia, covering contracted capacity plus expansion options to support Meta's AI research and model training. Meta already operates NVIDIA GB300 NVL72 systems at Firmus' Melbourne AI factory, the largest Blackwell Ultra deployment in the Southern Hemisphere. After signing a multi-year deal with OpenAI for two Malaysian AI factories earlier this month, Firmus' total contracted capacity exceeds 900 MW across seven AI-factory projects in Australia, Singapore, Malaysia and Indonesia, and it is preparing an IPO of up to USD 5 billion. Building out this capacity implies significant copper demand in power distribution, busbars and liquid-cooling systems.

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