Firmus and Nvidia to build 360MW AI data center in Indonesia, targeting $30B in offtake

Firmus Technologies, an Australian AI infrastructure company valued at $5.5 billion, will build its first data center in Indonesia as part of an eight-year partnership with Nvidia. The 360-megawatt Nvidia DSX AI Factory campus on Batam island is slated to go live in the first quarter of 2027.

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

Batam campus designed for AI-native tenants

The campus is being developed with Singapore-based DayOne and 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 AI stock market volatility is "largely irrelevant" to how the company builds its business. "We're building our business based on demand that we're seeing from customers and contracts that we're closing," he said.

Key details of the project:

• 360 MW capacity on Batam island, near Singapore
• Part of Nvidia's DSX program, which allows operators to deploy GPU infrastructure via revenue sharing instead of upfront purchases
• Multi-tenant design for AI-native companies
• Expected to create a regional AI compute hub leveraging Batam's proximity to Singapore's financial and tech ecosystem

From Bitcoin mining to AI infrastructure

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 center 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 center 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 Batam campus positions the island as a regional AI compute hub, leveraging 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, underscoring the urgency behind projects like Firmus's Indonesian buildout.