Nvidia joins $2.9 billion data center initiative in Australia

[Moscow, Russia - April 7, 2019: NVIDIA video chip on the motherboard]
Antonio Bordunovi

* Nvidia (NASDAQ:NVDA [https://seekingalpha.com/symbol/NVDA]) is teaming up with Australian startup Firmus Technologies to build a massive fleet of renewable energy-powered artificial intelligence data centers across the country.
* Construction is already underway on two data centers in Melbourne and Tasmania for Project Southgate, an A$4.5 billion ($2.9 billion) undertaking that will utilize 150 megawatts of power, Firmus said in a statement [https://firmus.co/newsroom/southgate-expansion].
* Facilities will use Nvidia’s GB300 chips and are expected to come online by April.
* The alliance’s $4.5 billion first-stage investment is to be delivered at Southgate Melbourne.

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