Nvidia-Backed Firmus Raises $327 Million for AI Data Center Push

Firmus Technologies Ltd. raised A$500 million ($327 million) to accelerate its push to build out renewable energy-powered artificial intelligence data centers across Australia.

The round will boost the Nvidia Corp.-backed company’s valuation to around A$6 billion, it said in a statement Friday. A previous round in September valued it at A$1.85 billion.