Firmus Secures 104MW for AI Tokens Factory

0:00A Singapore-based company called Firmis has secured 104 megawatts of power for its new AI tokens factory in northern Tasmania. The deal with energy retailer Aurora taps into supply from the state-owned hydro generator, marking the initial stage of a project set to produce. Tokens use worldwide in AI tech, eFirmis plans to scale up operations from there. Earlier this week, Firmis executive Oliver Curtis said the St. Leonard site would go live this year. But a joint statement from Aurora and Firmis clarified a three-year agreement with power ramping up from August 2026 and hitting the full 104 megawatts by November 2026. The news has sparked debate in state parliament as hydro recently denied extra power to the boyer paper mill for its ship from coal to electric. That mill already uses about 100 megawatts and needs 45 more. Greens MP Tabitha Badger warned of strains on Tasmania's energy grid while others pointed to a scrapped green hydrogen plant by Andrew Forest over. Similar shortages.

1:08Premier Jeremy Rockliffe defended the deal as a clean industry boost for the state, urging support for AI growth. Labour's Dean Winter called for transparency on the terms, frustrated that a foreign firm seems to give priority amid local denials. Aurora stayed tight-lipped on costs and future expansions, calling details commercial and confidence. This set of highlights has many as pushed to attract digital projects using its renewable edge, even as energy demands compete. Adelaide News. Today, powered by AI, bringing you what matters.