Nvidia-backed Firmus signs deal with OpenAI for Malaysia data centre capacity
Sign up now: Get ST's newsletters delivered to your inbox
The deal comes ahead of Firmus’ rumoured initial public offering in 2026, which could be one of Australia’s largest in recent years.
PHOTO: REUTERS
- Firmus signed a multi-year deal with OpenAI to supply computing capacity from two Malaysian data centres, making OpenAI an anchor customer amid rising AI infrastructure demand.
- Firmus, valued above US$10.5 billion and backed by Nvidia and others, now has contracted capacity exceeding 900 megawatts across customers.
- Malaysia's fast-growing data centre market supports Firmus' Asia-Pacific expansion with Nvidia’s Vera Rubin processors, despite concerns over resource use in rapid data centre growth.
AI generated
SYDNEY – Australia’s Firmus said on Sept 8 it had signed a multi-year deal with OpenAI to supply computing capacity from two Malaysian data centres, making the ChatGPT maker an anchor customer as demand surges for infrastructure to run advanced AI models.
The deal comes ahead of Firmus’ rumoured initial public offering in 2026, which could be one of Australia’s largest in recent years.
The AI infrastructure firm was valued at above US$10.5 billion (S$13.3 billion) in its last fund-raising, backed by Nvidia, Jane Street, Blackstone funds and Coatue Management.
The deal with OpenAI raised Firmus’ contracted capacity across customers to more than 900 megawatts.
Firmus’ portfolio includes two operational AI data centres in Australia and Singapore, while five are under development across the Asia-Pacific.
The deal highlights the widening race among US and Chinese AI groups to secure power and data centre capacity to power increasingly advanced models. OpenAI last week unveiled Astra, which it said was its most capable model yet.
Malaysia has become South-east Asia’s fastest-growing data centre market, but the rapid build-out has drawn scrutiny over electricity and water use.
Firmus will deploy Nvidia’s next-generation Vera Rubin processors at scale across the Asia-Pacific, with the addition of Malaysia extending its footprint in the region.
Firmus declined to comment on the contract value, while OpenAI did not immediately respond to a Reuters request for comment. REUTERS
