Core Insights - Firmus has secured a $10 billion debt financing facility to advance Project Southgate, aimed at expanding its AI infrastructure in Australia [1] - The funding will support the national rollout of Firmus' AI Factory platform, which focuses on energy-efficient high-performance computing technologies [2] - This financing is one of the largest private debt financings in Australia's history and aligns with Blackstone's strategy to finance large-scale AI compute and data-center infrastructure [3] Financing Details - The financing is led by Blackstone Tactical Opportunities, Blackstone Credit & Insurance, and affiliated funds, with additional support from Coatue Management [1] - The initiative will accelerate the deployment of AI Factories and enhance infrastructure manufacturing and energy integration efforts [5] Project Scope - Firmus plans to deploy thousands of graphics processing units (GPUs) by 2028, with Project Southgate aiming to scale up to 1.6 gigawatts (GW) of infrastructure [4] - Each AI Factory is designed for energy efficiency and token production, targeting the world's most demanding AI customers [5] Strategic Importance - The initiative aims to enhance Australia's role in digital innovation and contribute to the transition to clean energy [5] - Blackstone views the infrastructure supporting the AI revolution as a significant investment theme, highlighting Australia's potential central role in this transformation [6]