Inside the Firmus flop and what it means for the AI trade
TechnologyThe FinJonathan Shapiro and Paul Smith on the spectacular undoing of Firmus: what went wrong, how it unravelled in a week, and what the collapse reveals about the AI boom.Oct 15, 2026 – 5.00amLast...
Technology The Fin Jonathan Shapiro and Paul Smith on the spectacular undoing of Firmus: what went wrong, how it unravelled in a week, and what the collapse reveals about the AI boom. Oct 15, 2026 – 5.00am Last Monday, Australia’s data centre darling, Firmus Technologies, was on track to pull off one of the biggest market debuts in ASX history.
Inside The Australian Financial Review ’s newsroom, we were getting ready to report on how the float would make the Firmus co-founders Australia’s newest billionaires. Subscribe to gift this article Gift articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber?
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