The contract brings Firmus’s total committed capacity to over 900 megawatts, though the financial specifics remain undisclosed. By deploying Nvidia’s advanced Vera Rubin processors at these new sites, the company aims to satisfy the intensifying regional appetite for artificial intelligence infrastructure. Firmus currently operates two AI factories in Australia and Singapore, with five additional projects slated to come online within the next two years.
Investors reacted positively to the expansion, with shares of Maas Group—a backer of the firm—climbing 4.2% following the news. This move aligns with Malaysia’s rapid emergence as a regional hub for data storage, drawing substantial capital from global tech giants like Google and Microsoft. Founded in 2019, Firmus has recently secured over $3 billion in equity, pushing its valuation past $10.5 billion with support from high-profile investors including Blackstone, Jane Street, and Coatue.
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