Blackstone Nears A$5 Billion Loan for Firmus Technologies' Data Center Expansion Amid AI-Driven Infrastructure Growth

Blackstone is finalizing a loan of over A$5 billion ($3.5 billion) to fund Australian startup Firmus Technologies' data center expansion. The deal is expected to be announced next week and comes as technology stocks face investor concerns about AI-related spending. Firmus has been scaling its ambitions and signed an agreement with CDC Data Centers to develop up to 1.6 gigawatts of data center capacity across Australia by 2028, powered by Nvidia chips.