Firmus plans $5B IPO on ASX
- —The IPO could raise up to $5 billion (about A$7 billion) on the ASX
- —Valuation rose from $5.5 billion in April to $10.5 billion in August 2026
- —In February 2026, Firmus secured a $10 billion credit line from Blackstone
- —The Southgate project targets 1.6 GW of AI capacity in Australia
Why it matters: Australia's largest tech IPO in history will show how much investors are willing to pay for miners' pivot into AI infrastructure.
Source: Crypto Briefing