TL;DR
Firmus and DayOne will build a 360 MW Nvidia DSX AI Factory in Batam, Indonesia, with 170,000 chips and expected revenues of up to $30 billion over six years.
Firmus Technologies, an Australian AI infrastructure company, is valued at $5.5 billion. Through an eight-year partnership with Nvidia, it will build its first data center in Indonesia. The 360-megawatt Nvidia DSX AI Factory campus in Batam, off the coast of Singapore, is being developed in partnership with Singapore-based DayOne and will be operational in Q1 2027.
Firmus will have access to up to 170,000 Nvidia AI accelerator chips through a revenue-sharing and credit support agreement during 2027 and 2028. According to Bloomberg, the company expects $25-30 billion in contracts during the first six years of the partnership.
The Batam project will be a multi-tenant facility for AI clients, unlike Firmus’ Australian projects that focus on hyperscale clients. CEO Tim Rosenfield told Bloomberg that market volatility around AI stocks “mostly irrelevant“how the company does its business.”We build our business on the basis of the requests we see from customers and the contracts we conclude,” he said.
Firmus started in 2019 as a Bitcoin mining operation in Tasmania. In April, it raised $505 million in a $5.5 billion round led by Coatue Management and backed by Nvidia. The company has a pipeline of data center projects in Australia and Singapore, including an agreement with CDC Data Centers to develop up to 1.6 gigawatts in Australia by 2028. Investments in the Asia-Pacific data center are accelerating rapidlyBlackstone-backed AirTrunk with a $30 billion commitment to India alone.
Rosenfield declined to comment on its IPO plans, though the company is expected to list this year. The deal adds to Nvidia’s expanding DSX program, which partners with data center operators to deploy GPU infrastructure on a revenue-share basis rather than requiring upfront purchase. For Indonesia, the campus positions Batam as a regional AI computing hub, leveraging its proximity to Singapore’s financial and technology ecosystem. Demand for AI computing in the region is very strong that even Google has resorted to leasing GPUs from SpaceX.
