Australian artificial intelligence infrastructure company Firmus Technologies announced that it has secured $10 billion in debt financing.

The round was led by Blackstone Group's Blackstone Tactical Opportunities Fund, Blackstone Credit & Insurance Fund, and affiliated funds, with participation from financial investment firm Coatue.

Firmus stated that this funding will be used for the next phase of expansion of its data centers, with plans to build data centers in Australia with a total capacity of up to 1.6 gigawatts by 2028.