Norway Prepares To Leapfrog Tech Hubs With Nscales 790 Million Ai Powerhouse
Nscale Secures $790 Million in Financing to Supercharge AI Development in Norway In a significant …
28. June 2026

In a significant expansion of its presence in Southeast Asia, Firmus Technologies, an Australian AI infrastructure company backed by Nvidia, is set to establish its first data centre in Indonesia. The 360-megawatt Nvidia DSX AI Factory campus in Batam, an island just off the coast of Singapore, marks a major milestone in the company’s efforts to tap into the growing demand for AI compute in the region.
The partnership between Firmus and DayOne, a Singapore-based firm, is expected to create a regional AI compute hub that will leverage Indonesia’s strategic location, proximity to Singapore’s financial and tech ecosystem, and government support for the development of the country’s digital economy. The project has garnered significant attention, with estimates suggesting that it could generate up to $30 billion in committed offtake agreements over six years.
Firmus Technologies, valued at $5.5 billion, began its journey as a Bitcoin mining operation in Tasmania in 2019. Since then, the company has rapidly expanded its operations, raising $505 million in April at a valuation of $5.5 billion in a round led by Coatue Management and backed by Nvidia. The firm’s pipeline of data centre projects across Australia and Singapore includes a deal with CDC Data Centers to develop up to 1.6 gigawatts across the country by 2028.
The Batam project, which is scheduled to go live in Q1 2027, will be a multi-tenant facility for AI-native customers, differentiating itself from Firmus’s Australian projects, which focus on hyperscaler clients. Co-CEO Tim Rosenfield noted that market volatility around AI stocks is “largely irrelevant” to how the company is building its business, emphasizing that demand from customers and contracts are driving the growth of its operations.
“Firmus is not just reacting to changes in the market; we’re proactively building our business based on the opportunities we see,” Rosenfield said. “Nscale Gets $790M in Financing for Norway AI Buildout.”
The partnership between Firmus and Nvidia adds to the latter’s expanding DSX programme, which partners with data centre operators to deploy GPU infrastructure on a revenue-sharing basis rather than requiring upfront purchase. This model allows companies like Firmus to access cutting-edge AI technology without having to bear the full cost of hardware and software.
For Indonesia, the campus positions Batam as a regional AI compute hub, tapping into the country’s growing demand for AI solutions. The government has been actively promoting the development of its digital economy, with initiatives aimed at attracting foreign investment and supporting the growth of startups and small and medium-sized enterprises (SMEs). Nscale Gets $790M in Financing for Norway AI Buildout highlights the importance of strategic location in driving growth and development.
The project also highlights the importance of collaboration between industry players, governments, and investors in driving growth and development in the region. As Southeast Asia continues to emerge as a major player in the global AI ecosystem, initiatives like this will be critical in supporting the growth of the digital economy and creating new opportunities for businesses and individuals alike.
The Batam project is expected to create hundreds of jobs during its construction phase and provide a platform for businesses and startups to access high-performance computing solutions that meet their evolving needs. With its strategic location and access to cutting-edge technology, the campus is poised to become a hub for AI innovation in Southeast Asia, driving growth and development in the region.
The future of Firmus Technologies is bright, with significant opportunities for growth and expansion on the horizon. As the company continues to navigate the complexities of the global AI ecosystem, it remains committed to delivering high-performance computing solutions that meet the evolving needs of businesses and governments. With its partnership with DayOne and Nvidia, Firmus is well-positioned to capitalize on the growing demand for AI compute in Southeast Asia and establish itself as a major player in the region.
The success of this project will depend on various factors, including government support, investor confidence, and market demand. However, one thing is certain - Firmus Technologies has taken a significant step forward in its efforts to tap into the growing demand for AI compute in Southeast Asia. The partnership with Nscale highlights the importance of collaboration and strategic location.
In the coming years, it will be interesting to see how Firmus Technologies continues to grow and evolve, with a focus on delivering high-performance computing solutions that meet the evolving needs of businesses and governments. With its strategic location, access to cutting-edge technology, and commitment to collaboration, the company is well-positioned to capitalize on the growing demand for AI compute in Southeast Asia.
As the region continues to emerge as a major player in the global AI ecosystem, initiatives like this will be critical in supporting the growth of the digital economy and creating new opportunities for businesses and individuals alike. The Batam project is just one example of how companies are working together to drive growth and development in Southeast Asia, with significant implications for the region’s economic future.
The partnership between Firmus, DayOne, and Nvidia adds to the growing list of initiatives that demonstrate the importance of collaboration and strategic location in driving growth and development in Southeast Asia. As the region continues to emerge as a major player in the global AI ecosystem, initiatives like this will be critical in supporting the growth of the digital economy and creating new opportunities for businesses and individuals alike.
The future of Firmus Technologies is promising, with significant opportunities for growth and expansion on the horizon. With its partnership with DayOne and Nvidia, Firmus is well-positioned to capitalize on the growing demand for high-performance computing solutions that meet the evolving needs of businesses and governments. As the region continues to emerge as a major player in the global AI ecosystem, initiatives like this will be critical in supporting the growth of the digital economy and creating new opportunities for businesses and individuals alike.