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These early investors rode Firmus from bitcoin to billion-dollar play

The Australian Financial Review (AFR) •
November 08, 2026 • 06:00 PM
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A long-time banker, a former Victorian Liberal Party official and a low-profile lawyer were among the first to back the data centre hopeful – at a bargain price.

These early investors rode Firmus from bitcoin to billion-dollar play

Investment banking veteran Jay Johnson, former Victorian Liberal Party official David Mond and low-profile Melbourne lawyer Alan Sheppet were among Firmus’ earliest backers, taking a stake in the artificial intelligence data centre developer when it was an upstart bitcoin mining hopeful.

Then came Brisbane cryptocurrency shop DLTx, which bought into Firmus in August 2020, followed by Bruce Madsen, the father of financier Ben Madsen.

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