Data centre builder Firmus could struggle to front huge bills after failed float | ABC NEWS
Billions of dollars in Firmus’s commitments to buy AI chips are in doubt due to the Australian data centre company’s stalled attempt to go public, according to records filed with the financial regulator.
Scheduled payments of $US550 million ($780 million) are due this year for a single data centre development.
Firmus said it would pursue private funding, while some investors are entitled to extra shares if it does not complete a qualifying float soon.
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Read more here: https://www.abc.net.au/news/2026-10-29/firmus-funding-ai-computer-chips-stock-market/107322200
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