Firmus and Nvidia Are Building a 360 MW AI Data Center on Batam Island — Here's the Full Breakdown

Timeline and GPU Deliveries

GPU deliveries are scheduled from Q1 2027 through early 2028, with the campus set to open in early 2027 . The partnership agreement runs until 2034 . The deal covers up to 170,000 Nvidia AI accelerator chips spanning the Grace Blackwell, Vera Rubin, and Vera generations . Firmus was named a launch partner for the Vera Rubin platform at Nvidia GTC Taipei .

Deal Structure: Revenue Sharing, Not Just Chip Sales

Nvidia's financial stake extends beyond chip sales. The deal includes both product revenue from hardware sales and a share of the cloud revenue generated from the facility . Under the arrangement, Firmus buys Nvidia infrastructure and sells Nvidia-powered cloud services to "AI Native" customers and other users .

Offtake Agreements: $25–$30 Billion Projected

Firmus projects $25–$30 billion in committed offtake agreements over the first six years of operation . Bloomberg reports "as much as $30 billion," while Chinese-language sources cite a range of 250–300 billion yuan (roughly $25–$30 billion) .

Firmus's Valuation and Funding

Firmus reached a $5.5 billion post-money valuation in April 2026 after a $505 million round led by Coatue Management with participation from Nvidia . This was the company's third equity raise in six months, bringing total capital raised to $1.35 billion . A $2 billion ASX IPO was targeted for June or July 2026, backed by a $10 billion Blackstone-led debt facility secured in February 2026 .

First Data Center Outside Australia: Project Southgate

The Batam facility is Firmus's first data center outside Australia. Domestically, Firmus is already advancing Project Southgate, a renewable-energy-powered AI data center build-out. Multiple sites are under construction in Melbourne and Tasmania (St Leonards and Launceston), forming part of a A$4.5 billion (~$2.9 billion) program that aims to deploy 1.6 GW of liquid-cooled AI data centers by 2028 . The Tasmania site is powered entirely by renewable energy and is described as the world's first government-backed AI Factory Zone .