Wire report
‘These guys are just coming from nothing’: questions over multibillion-dollar Firmus float amid datacentre backlash
‘AI factories’ developer on track to launch the second-biggest IPO in Australian history, but investors warn its forecasts are ‘a little bit of a fairytale’ Get our breaking news email , free app or daily news podcast From her balcony in Launceston, Kayla Thompson can see the buzz of construction at what will soon be one of Australia’s first AI factories. Her teenage stepchildren get an even clearer view from their classroom window. Like many of her neighbours, Thompson didn’t realise Firmus Technologies had an ambitious plan to build datacentres in Tasmania until after construction began. The Australian company was on a mission, and preparing to list on the ASX later this month after an anticipated initial public offering designed to raise $7bn from investors. Continue reading...
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‘AI factories’ developer on track to launch the second-biggest IPO in Australian history, but investors warn its forecasts are ‘a little bit of a fairytale’ Get our breaking news email , free app or daily news podcast From her balcony in Launceston, Kayla Thompson can see the buzz of construction at what will soon be one of Australia’s first AI factories. Her teenage stepchildren get an even clearer view from their classroom window. Like many of her neighbours, Thompson didn’t realise Firmus Technologies had an ambitious plan to build datacentres in Tasmania until after construction began. The Australian company was on a mission, and preparing to list on the ASX later this month after an anticipated initial public offering designed to raise $7bn from investors. Continue reading...
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According to The Guardian’s source item, ‘These guys are just coming from nothing’: questions over multibillion-dollar Firmus float amid datacentre backlash, ‘AI factories’ developer on track to launch the second-biggest IPO in Australian history, but investors warn its forecasts are ‘a little bit of a fairytale’ Get our breaking news email , free app or daily news podcast From her balcony in Launceston, Kayla Thompson can see the buzz of construction at what will soon be one of Australia’s first AI factories. Her teenage stepchildren get an even clearer view from their classroom window. Like many of her neighbours, Thompson didn’t realise Firmus Technologies had an ambitious plan to build datacentres in Tasmania until after construction began. The Australian company was on a mission, and preparing to list on the ASX later this month after an anticipated initial public offering designed to raise $7bn from investors. Continue reading…
Context
The development sits in VINI’s Technology file for readers following technology, science, product policy, markets, infrastructure, and the public consequences of innovation. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The source item is dated 2026-10-02T15:00:12+00:00.
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Source
Primary source: ‘These guys are just coming from nothing’: questions over multibillion-dollar Firmus float amid datacentre backlash via The Guardian. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
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- ‘These guys are just coming from nothing’: questions over multibillion-dollar Firmus float amid datacentre backlashThe Guardian - 2026-10-02T15:00:12+00:00
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