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Blackstone finalizes a AUD 5 billion loan agreement to support Australian startups in expanding AI data centers
Private credit giant Blackstone is finalizing a loan of over AUD 5 billion to support Australian startup Firmus’s data center expansion. This is the latest development in the digital infrastructure financing sector related to the recent AI boom. The deal could be announced as soon as next week. The financing comes amid a broad sell-off in tech stocks this week, as investors grow concerned about the surge in AI-related spending, leading to a tech sector pullback. Last year, Firmus signed an agreement with CDC Data Centers to deploy up to 1.6 gigawatts of data centers across Australia by 2028, utilizing NVIDIA chips. On Thursday, after raising AUD 830 million in two previous funding rounds, Firmus announced the addition of a new investor.