Sydney‑based AI firm Firmus has dramatically cut its planned $11 share price, trimming its market cap by almost 20% and threatening to abort its ASX debut.
#startups #Firmus #ASX

I can’t begin to explain the level of deep, deep satisfaction and schadenfreude that will come from seeing this company collapse. I’d say cross your fingers, but we may not even have to 🫧
GOODY GUMDROPS (slang) - meaning "great joy & delight". Let's hope the arse falls completely out of the value of #Firmus before this #AIdatacentre conglomerate has the chance to build numerous "monstrosities" across Australia in at least a few " #AI friendly jurisdictions".
Firmus Cuts Its IPO Price: What It Means for Australian AI Infrastructure #AINews #BreakingNews #DataCentre #ASX #Firmus
Problemy Firmus na giełdzie – inwestorzy nie kupują szumu
https://news.uluru.space/article/27846?utm_source=bluesky&utm_medium=social&utm_campaign=auto #Firmus #Giełda #Inwestorzy
Firmus, CDC and the limits of the AI data centre story #AINews #BreakingNews #DataCentre #ASX #Firmus
Reste à savoir si 43 Md$ reflète ce que les investisseurs en Bourse sont prêts à payer pour Firmus, ou seulement ce que le soutien de Nvidia rend possible. #Firmus #ASX #InfrastructureIA
Die Frage ist nun, ob 43 Mrd. $ widerspiegeln, was öffentliche Anleger für Firmus zu zahlen bereit sind, oder nur, was Nvidias Rückendeckung möglich macht. #Firmus #ASX #KIInfrastruktur
The question now is whether $43bn reflects what public investors will pay for Firmus, or only what Nvidia's backing makes possible. #Firmus #ASX #AIInfrastructure
La cuestión ahora es si 43.000 millones reflejan lo que los inversores en bolsa pagarán por Firmus, o solo lo que el respaldo de Nvidia hace posible. #Firmus #ASX #InfraestructuraIA
La domanda ora è se 43 miliardi rispecchino ciò che gli investitori del mercato pubblico sono disposti a pagare per Firmus, o solo ciò che il sostegno di Nvidia rende possibile. #Firmus #ASX #InfrastruttureIA
Firmus żąda nowych regulacji, OpenAI prosi o wybaczenie
https://news.uluru.space/article/27340?utm_source=bluesky&utm_medium=social&utm_campaign=auto #Firmus #Openai #Regulacje #Przeprosiny
WHERE'S THE MONEY😨
"A decade ago, Curtis was...convicted of... insider trading...sentenced to two years in prison...Firmus, the data centre builder & operator which has existed in various forms for just 7 years, will raise $7.2bn...as part of the listing...at an incredible $43.7 billion..." #Firmus
Meta is already Firmus’s anchor customer in Melbourne, and now it’s heading to Southeast Asia #AINews #BreakingNews #DataCentre #Firmus #Melbourne
New definition on the old term "pulling the wool over your eyes". Apparently it's now called "jumping the gun" #firmus
Six confidential data centre projects are on the table in Tasmania #BreakingNews #DataCentre #Burnie #Firmus #tasmania
Firmus starts development work at Wesley Vale without permit #BreakingNews #DataCentre #Firmus #tasmania #WesleyVale