Centuria Capital Group has launched a fully underwritten AUD 300 million equity raising, with a significant portion of the proceeds earmarked to accelerate the expansion of its AI factory platform through ResetData and support the development of a broader power and data centre pipeline.
The ASX-listed investment manager said the capital raise would provide additional flexibility to accelerate existing and planned AI factory deployments, progress customer onboarding, and support a pipeline targeting the near-term deployment of more than 10,000 GPUs. The company said it is establishing that pipeline targeting enterprise, government and international customers. Hyperscale is flagged as a potential customer category only for the longer-term 200MW+ pipeline, rather than the nearer-term projects currently under heads of agreement or master services agreement.
The raising comprises a AUD 200 million institutional placement and a AUD 100 million accelerated non-renounceable entitlement offer. Centuria said the proceeds would also support the company’s longer-term ambition to unlock more than 200MW of potential power capacity across its property portfolio for future AI infrastructure developments.
“The Centuria and ResetData combination has created a differentiated NVIDIA neocloud partner with scalable sovereign AI Factories and access to Centuria’s real estate, land and potential 200MW+ power pipeline,” stated joint CEOs John McBain and Jason Huljich.
“ResetData is one of three Australian NVIDIA Cloud Partners and is uniquely placed to take advantage of an upswing in international demand for the establishment of Australian-based AI Factory capacity uptake.”
Building beyond AI-F1
The capital raising follows the completion of AI-F1, which Centuria describes as Australia’s first publicly available sovereign AI factory. The company said customer demand for AI capacity has increased since the facility became operational and that the new funding would help accelerate its next wave of deployments.
AI-F1 currently operates with 1.1MW of power and Nvidia H200 GPUs, while several additional projects are under development. These include a sub-3MW deployment, a roughly 13MW opportunity under a non-binding heads of agreement, and a further 7MW project under a master services agreement. Centuria said these projects could utilise Nvidia B300, GB300 and eventually Vera Rubin systems.
Centuria has flagged that the non-binding heads of agreement for the roughly 13MW opportunity was due to expire on 30 June 2026, with the company negotiating to extend its term. Any extension is expected to align with customer uptake availability, and there is no guarantee the HOA will convert into a binding contract.
Centuria and ResetData said they are positioning themselves as a vertically integrated AI infrastructure platform combining real estate, power, capital and AI operations. The presentation describes the strategy as moving beyond traditional data centre ownership and leasing models towards participation in AI infrastructure revenues through ownership and operation of AI factories.
ResetData is also described by Centuria as Australia’s only neocloud Dell Titanium Partner, giving it priority access to compute infrastructure alongside its Nvidia relationship.
200MW development pipeline
A central element of the strategy is Centuria’s existing property portfolio, which the company believes provides a pathway to more than 200MW of future power capacity. The company’s investor presentation identifies existing data centre assets in Melbourne, Perth and Toowoomba, alongside development opportunities including Clayton, Thomastown and Yarraville in Victoria. Centuria said future development options could include ground leases, powered shells, fully fitted data centres or AI factory deployments depending on customer demand, planning outcomes and power availability.
The company also highlighted its ownership of data centre assets, operational capability and development expertise as differentiators. In the presentation, Centuria describes itself as “the only Australian platform spanning real estate + operations + AI compute”, combining its data centre portfolio with ResetData’s AI infrastructure business.