AI infrastructure company Firmus has secured a $10 billion debt financing facility led by funds managed by Blackstone Tactical Opportunities, Blackstone Credit & Insurance, and affiliated funds, and supported by Coatue, a leading global investment firm known for its deep research-driven approach to technology and infrastructure investing. The financing will fund the next phase of Project Southgate — the national rollout of Firmus’ AI Factory platform, based on the NVIDIA DSX reference architecture — to help meet accelerating global demand for high-performance compute.
The transaction marks one of the largest private debt financings in Australian history. It builds on Blackstone’s global strategy to finance large-scale AI compute and data center infrastructure platforms and reflects strong institutional conviction from Coatue’s deep experience in large-scale technology and infrastructure platforms.
“The picks and shovels powering the AI revolution are on
