Nvidia-backed Firmus signs a multi-year OpenAI contract, taking total contracted capacity to 900 MW

Firmus, the Australian data-centre operator backed by NVDA, has signed a multi-year contract with OpenAI covering capacity at a planned Malaysian site. The deal value was not disclosed. Following it, Firmus reports 900 MW of total contracted capacity, a figure that spans all customers and all sites rather than describing the Malaysian facility or capacity that is currently live.

That distinction carries the story. Firmus operates two sites today, in Australia and Singapore, and Malaysia is one of five more still in development. Contracted capacity is a forward commitment; available power is a much smaller number, and treating the two as interchangeable is how AI infrastructure announcements end up sounding larger than they are.

Nvidia's role is dual and worth stating precisely: it is an investor in Firmus and the supplier of the Vera Rubin generation processors the sites are built around, but it is not a party to the OpenAI contract. Separately reported Nvidia and OpenAI commitments measured in gigawatts are distinct arrangements and should not be added to Firmus's 900 MW.

For the broader trade, this is another instance of frontier labs contracting capacity years ahead of delivery from operators outside the big three hyperscalers, and of Southeast Asia absorbing buildout that power constraints make hard to site elsewhere. What to watch: whether the Malaysian site reaches construction on schedule, how much of the 900 MW converts to energized capacity through 2027, and whether power and grid approvals in Malaysia keep pace with the contracted book.

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