Aug 1, 2026 – 5.00amFirmus has secured approval for a $2.9 billion capital raising as the data centre developer doubles down on its pitch that its artificial intelligence factories will be environmentally friendly and tries to secure more support for a $15.5 billion public listing.At an extraordinary general meeting on Friday afternoon, existing shareholders voted to approve a new capital raising at $230 per share to help pay for Firmus’ developments of new data centres to power AI in Tasmania and South Australia.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Firmus investors approve $2.9b for SA, Tasmania expansion
The developer is doubling down on pitches that its AI factories will be environmentally friendly as it tries to fire up support for its $15.5 billion IPO.
TL;DRAI
Firmus raised $2.9B for AI data centre expansion in Tasmania and South Australia, progressing toward a $15.5B IPO. AI infrastructure capital consolidates around energy-efficient operators; Firmus positions as APAC's leading contender for data centre dominance.
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