Nvidia Invests $500M in Firmus, $15.5B Valuation

Investment Overview

Nvidia (NASDAQ:NVDA) has committed approximately A$720 million, equivalent to US$500 million, to Australian cloud‑infrastructure startup Firmus Technologies as part of the company’s $2 billion equity‑raising round. This makes Nvidia the largest investor in the round.

Valuation Impact

The funding places Firmus at an estimated post‑money valuation of about $15.5 billion, which is nearly double the valuation reported in the prior round.

Investment Structure

Nvidia’s contribution is in the form of preference shares that are slated to convert into ordinary shares at the time of Firmus’s initial public offering on the Australian Securities Exchange (ASX).

Use of Proceeds

According to the Australian Financial Review, Firmus intends to allocate the proceeds to purchase Nvidia chips for a new data‑centre project in Launceston and to finance a broader expansion pipeline across Australia.

Shareholder Approval and Capital Structure

Firmus has called an extraordinary general meeting for 31 July to obtain shareholder approval for the capital raise. The meeting will also consider a proposed 50‑for‑1 share split designed to lower the per‑share price ahead of the IPO and make the shares more accessible to retail investors.

IPO Timeline

The company aims to list on the ASX within the next 12 months.