Nvidia-backed Firmus will build a 360MW AI data centre in Indonesia and expects $30 billion in offtake deals

TL;DR

Firmus and DayOne will build a 360MW Nvidia DSX AI Factory in Batam, Indonesia, with 170,000 chips and up to $30B in expected offtake over six years.

Firmus Technologies, an Australian AI infrastructure company valued at $5.5 billion, will build its first data centre in Indonesia through an eight-year partnership with Nvidia. The 360-megawatt Nvidia DSX AI Factory campus in Batam, an island just off the coast of Singapore, is being developed with Singapore-based DayOne and is set to go live in Q1 2027.

Firmus will access up to 170,000 Nvidia AI accelerator chips through 2027 and 2028 via a revenue-sharing and credit-support agreement. The company expects $25 billion to $30 billion in committed offtake agreements during the first six years of the partnership, according to Bloomberg.

The Batam project will be a multi-tenant facility for AI-native customers, unlike Firmus’s Australian projects, which focus on hyperscaler clients. Co-CEO Tim Rosenfield told Bloomberg that market volatility around AI stocks is “largely irrelevant” to how the company is building its business. “We’re building our business based on demand that we’re seeing from customers and contracts that we’re closing,” he said.

Firmus began as a Bitcoin mining operation in Tasmania in 2019. It raised $505 million in April at a $5.5 billion valuation in a round led by Coatue Management and backed by Nvidia. The company has a pipeline of data centre projects across Australia and Singapore, including a deal with CDC Data Centers to develop up to 1.6 gigawatts across Australia by 2028. Asia-Pacific data centre investment has been accelerating sharply, with Blackstone-backed AirTrunk committing $30 billion to India alone.

Rosenfield declined to comment on IPO plans, though the company is widely expected to list this year. The deal adds to Nvidia’s expanding DSX programme, which partners with data centre operators to deploy GPU infrastructure on a revenue-sharing basis rather than requiring upfront purchase. For Indonesia, the campus positions Batam as a regional AI compute hub, leveraging its proximity to Singapore’s financial and tech ecosystem. Demand for AI compute across the region is so intense that even Google has resorted to renting GPUs from SpaceX.

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