Mmastodon BusinessStartups first seen 5 d ago, last 5 d ago, peak #9

Nvidia-backed AI data center firm Firmus pulls Sydney IPO

Original: expectation: AI data centers are a money printer reality: firmus, an nvidia-backed AI data center company, asked investo

Firmus, an Nvidia-backed AI data center company, sought a $30 billion valuation on just $51 million of revenue, with only 46 of its 912 MW capacity actually built. The Sydney IPO collapsed within about two days and was withdrawn on October 9. Observers are citing the failed listing as a sign of a widening gap between AI infrastructure hype and financial reality.

Why now: The failed IPO is being shared as a stark example of inflated AI valuations meeting investor skepticism.

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• expectation: AI data centers are a money printer reality: firmus, an nvidia-backed AI data center company, asked investors for a $30B valuation on $51M of revenue. 46 of its 912 MW is built the sydney IPO fell apart in about two days and was pulled oct 9 https://www.… · mohith808 · 1

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