# Firmus Prices IPO at A$11 a Share, Valuing Operator at A$43.7 Billion By John Kim Canonical URL: https://www.tokenpost.com/news/business/26273 Published: 2026-10-02T02:30:18.000Z Updated: 2026-10-02T02:30:18.000Z Section: Business > The Australian data center operator plans to buy GPUs and is developing a Batam Island project with DayOne Data Centers, supported by Nvidia. Firmus Grid Ltd. priced its initial public offering at A$11 a share, implying a valuation of A$43.7 billion and placing the Australian data center operator below earlier expectations of as much as A$50 billion. The company plans to use the proceeds to purchase GPUs. It is also developing a data center on Indonesia’s Batam Island with DayOne Data Centers, with Nvidia’s support. Firmus began in 2019 as a Bitcoin mining business in Tasmania and is shifting toward AI data center infrastructure. The offering follows [an earlier expansion plan]() that included capital spending on additional capacity across the Asia-Pacific region. Bookbuilding is scheduled for Oct. 6-9. ## Links in this article - [an earlier expansion plan](https://www.tokenpost.com/news/business/23701)