Blackstone finalizes 5 billion AUD loan agreement to support Australian startups in expanding AI data centers

Glonghui, February 6th — According to sources, private credit giant Blackstone Group is finalizing a loan of over 5 billion Australian dollars to support the data center expansion of Australian startup Firmus. This is the latest development in the digital infrastructure financing sector related to the recent AI boom. Sources said the deal could be announced as early as next week. The financing comes at a time when tech stocks have generally been sold off this week, as investors are concerned about the surge in AI-related spending, leading to a pullback in tech stocks. Last year, Firmus signed an agreement with CDC Data Centers, planning to deploy up to 1.6 gigawatts of data centers across Australia by 2028, utilizing Nvidia chips. On Thursday, after raising 830 million Australian dollars in two previous funding rounds, Firmus announced the introduction of a new investor.