Centuria Raises AU$300 Million As ResetData Builds Australian AI Factories
Centuria Capital Group launched an AU$300 million equity raise to support ResetData AI cloud growth, including AI factories, GPU deployment plans and a 200MW+ power pathway.
Centuria Raises Capital For AI Cloud Growth
Centuria Capital Group has launched an AU$300 million equity raise to support growth plans that include ResetData, the Australian AI cloud provider in which Centuria holds a large stake.
The ASX filing sets out a fully underwritten raise split between an AU$200m institutional placement and an entitlement offer that would raise AU$100 million.
The filing also gives a US$210.15m equivalent for the total raise, alongside US$140.1m and US$70.05m equivalents for the two components.
The money is intended to accelerate growth across ResetData and Centuria’s real estate equity and credit funds management platform.
For AI infrastructure buyers, the important point is that the financing links cloud capacity to property, power and deployment pipelines rather than only software demand.
Centuria invested in ResetData in the summer of 2024.
The two companies announced a joint venture in February 2025 to launch Australia’s first public AI Factory, AI-F1, and an AI marketplace powered by Nvidia H200 GPUs.
ResetData Connects GPUs To Property And Power
AI-F1 is located in Centuria’s 818 Bourke Street data center in Melbourne.
Centuria said funding directed to ResetData will accelerate existing and pipeline AI Factories after increased customer demand for AI capacity following completion of the first AI-F1.
The company also said the capital will support customer onboarding and enquiries linked to Centuria-owned or third-party power pipelines.
It described a near-term deployment pipeline of 10,000+ GPUs and an opportunity to expand into Centuria’s portfolio over time.
Centuria described a possible 200MW+ power pathway across existing assets that could support future AI Factory options.
That turns the financing into a real-estate and energy-access story as much as a GPU supply story.
For customers, the capacity plan matters only if the company can match accelerators, data center space and power availability on a deployment schedule that supports production workloads.
John McBain and Jason Huljich, Centuria’s joint CEOs, said the Centuria-ResetData combination gives the company a Nvidia neocloud position tied to AI factories, real estate, land and power access.
Australia’s AI Cloud Plan Depends On Sites
The raise shows how neocloud expansion is becoming a capital-infrastructure problem.
ResetData needs GPUs, but Centuria’s filing also stresses data center locations, real estate transactions, customer onboarding and power pipelines.
Centuria has not named signed AI Factory customers or contracts.
That keeps the adoption question open even though Centuria describes increased demand and a possible 10,000+ GPU deployment pipeline.
For Australia’s sovereign AI market, the operating burden is now execution: turning AU$300 million of new capital, Nvidia H200 GPU plans, the Melbourne AI-F1 site and a 200MW+ power pathway into deployed capacity that customers can actually use.
