At a Glance
Nvidia-backed Firmus signs a multi-year OpenAI deal for capacity at two Malaysian data centres.
Firmus’ contracted customer capacity now exceeds 900 MW.
The company was valued above $10.5 billion in its latest fundraising.
Argentina’s Patagonia is attracting data-centre investors with cheap energy, cool temperatures and vast land.
Pampa Energia is exploring a project that could use up to 500 MW.
AI’s Infrastructure Race Goes Global
The race to build the infrastructure behind advanced AI models is moving deeper into Asia and South America, as companies chase reliable power, land and data-centre capacity.
Key Details
Australia’s Firmus has signed a multi-year agreement with OpenAI to supply computing capacity from two Malaysian data centres. The deal makes OpenAI an anchor customer as demand for AI infrastructure accelerates.
Firmus, backed by Nvidia, Jane Street, Blackstone funds and Coatue Management, was valued at above $10.5 billion in its latest funding round. Its portfolio includes two operating data centres in Australia and Singapore, with five more under development across Asia-Pacific.
Malaysia is Southeast Asia’s fastest-growing data-centre market, although rising electricity and water use is drawing scrutiny.
Meanwhile, Argentina’s Patagonia is emerging as another potential AI hub. Pampa Energia is seeking investors for a facility near its Loma de la Lata power plant, potentially consuming up to 500 MW from Vaca Muerta shale gas.
Why It Matters
For traders, the expansion points to growing demand across data centres, electricity, semiconductors, energy and infrastructure. Nvidia’s planned deployment of next-generation Vera Rubin processors across Asia-Pacific also adds weight to the trend.
Investors will watch whether these projects move from plans and contracts into large-scale construction, particularly as infrastructure and connectivity remain major hurdles in Argentina.
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Source: Reuters Patagonia DataCenters
