Firmus signs multi-year deal with OpenAI for Malaysia data center capacity

Australian AI infrastructure firm Firmus has signed a multi-year deal with OpenAI to supply computing capacity from two Malaysian data centers. The agreement makes OpenAI an anchor customer and raises Firmus' contracted capacity to over 900 megawatts. Concurrently, Firmus is preparing for an IPO on the Australian Securities Exchange, scheduling investor meetings for the week of September 14, 2026. Valued at over $10.5 billion, Firmus also plans to deploy Nvidia's next-generation Vera Rubin processors.

Firmus-OpenAI Malaysia data center deal

• ▪Firmus declined to comment on the financial value of its multi-year computing capacity contract with OpenAI
• ▪The capacity agreement with OpenAI increased the total contracted capacity of Firmus across its customer base to more than 900 megawatts
• ▪Australia-based Firmus signed a multi-year agreement with OpenAI to supply computing capacity from two Malaysian data centers, establishing OpenAI as an anchor customer

AI infrastructure capacity demand

• ▪OpenAI released its Astra artificial intelligence model, described by OpenAI as its most capable model to date, in the week preceding September 8, 2026
• ▪The capacity agreement between Firmus and OpenAI highlights an intensifying competition among United States and Chinese artificial intelligence companies to secure power and data center capacity

Firmus IPO preparations

• ▪Firmus Technologies Pty is preparing to hold investor meetings during the week of September 14, 2026, ahead of a planned initial public offering on the Australian Securities Exchange
• ▪Firmus Technologies Pty has instructed its investment bankers to prepare for an initial public offering and is currently drafting a pathfinder prospectus
• ▪Firmus Technologies Pty was valued at more than $10.5 billion in its most recent fundraising round, which was backed by Nvidia, Jane Street, Blackstone funds, and Coatue Management

Malaysia data center market growth

• ▪The data center portfolio of Firmus includes two operational artificial intelligence data centers in Australia and Singapore, alongside five additional facilities under development across the Asia-Pacific region
• ▪Malaysia has emerged as the fastest-growing data center market in Southeast Asia, though its rapid expansion has prompted environmental scrutiny regarding electricity and water consumption

Nvidia Vera Rubin processor deployment

• ▪The expansion of Firmus into Malaysia extends the geographical footprint where the company will deploy Nvidia's next-generation Vera Rubin processors
• ▪Firmus plans to deploy Nvidia's next-generation Vera Rubin processors at scale across the Asia-Pacific region

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