Blackstone Backed Firmus in $2 Billion Financing

The Australian data centre operator reached a valuation of $10.5 billion following a successful equity round on 7 August 2026.

Updated on Oct. 13, 2026 in Data Centers

Isometric editorial illustration of a dense array of modular server racks in a high-capacity data center. — Australian data center operator Firmus raised $2 billion in equity financing, valuing the infrastructure firm at over $10.5 billion. AI Illustration. Upload story photo >

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Firmus secured $2 billion in a fully subscribed equity financing round announced on 7 August 2026, pushing the company valuation past $10.5 billion. The capital infusion adds to over $3 billion in equity funding the Australian-based operator has raised during the year.

Why it matters

The investment supports Firmus in reaching a planned expansion of 1.6 gigawatts of capacity by 2028. This growth strategy is further bolstered by a $10 billion debt-financing facility led by Blackstone earlier this year.

Firmus aims to expand its total capacity by up to 1.6 gigawatts through 2028. The company valuation currently exceeds $10.5 billion following the recent equity round.

The players

Blackstone

Blackstone is a major global alternative asset manager that provides financing for large-scale infrastructure and data centre projects.

Firmus

Firmus is an Australian-based data centre operator focused on scaling high-capacity infrastructure to meet growing computational demand.

NVIDIA

NVIDIA is a prominent technology company that designs graphics processing units and is a key participant in funding infrastructure for AI and data centres.

Digital Realty

Digital Realty is a global provider of data centre, colocation, and interconnection solutions that recently moved to acquire interests in Blackstone-affiliated properties.

The details

Blackstone participated alongside investors including Coatue, NVIDIA, and Jane Street to drive the Firmus equity round. These funds are intended to fuel infrastructure development and support the scale required for high-capacity data centre operations.

2023: Blackstone established a data centre joint venture.
9 February 2026: Blackstone led a $10 billion debt-financing facility.
13 May 2026: BXDC priced an initial public offering.
29 June 2026: Digital Realty agreed to acquire data centre interests.
7 August 2026: Firmus equity round was announced.

The Tech Race

This move represents a significant consolidation of capital in the high-performance data centre sector as firms race to secure gigawatt-scale capacity. It follows a trend of asset-heavy expansion where major financial players back specialized operators to challenge legacy infrastructure providers.

The massive scale of investment indicates a significant increase in available data processing capacity, which may lead to improved speeds and lower latency for digital services. Users can expect more robust cloud and AI-driven applications as these facilities become operational.

The takeaway

Large-scale capital injections into data centre operators suggest a long-term commitment to infrastructure capable of supporting advanced computational loads. Investors and industry observers should monitor how these expansion targets align with the actual deployment of power and hardware over the next two years.