Blackstone Backs $505M Firmus Funding; Casey’s General Stores to Join S&P 500
Blackstone helped finance Firmus Technologies’ $505 million funding round led by Coatue, valuing the AI data center builder at $5.5 billion and supporting deployment of 36,000 Nvidia accelerator chips in renewable-powered Australian facilities. Separately, Casey’s General Stores will join the S&P 500 index this week, prompting passive inflows.
1. Blackstone Participation in Firmus Round
Blackstone contributed financing to Firmus Technologies’ $505 million investment led by Coatue Management, joining Nvidia’s participation in a deal that values the startup at $5.5 billion. The funds will accelerate deployment of 36,000 Nvidia accelerator chips across renewable-powered data centers in Australia and Singapore under the Southgate project.
2. Casey’s General Stores Joining S&P 500
Casey’s General Stores will be added to the S&P 500 index this week, triggering purchases by index-tracking funds and potentially boosting share liquidity and investor demand as it becomes part of the benchmark.