Firmus Eyes $30 Billion Valuation in Australian IPO, AFR Reports
THE SO WHAT
A data center operator targeting a ~$30.3B valuation in an Australian IPO shows how core AI-era infra—power, land, cooling—is being financialized as a standalone asset class. If you’re a heavy AI user, treat data center partners less like vendors and more like long-term capex counterparts, with multi-year commitments and shared planning on power and siting.
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