Q1: 800 MW of sovereign compute, grid-connected at gigawatt scale.
Sovereign AI requires in-region power at scale and heat rejection — not silicon; silicon is buyable. Q1 is AloomU.au's 800 MW sovereign-compute program at CleanCo's Swanbank Energy Precinct (Ipswich, QLD) — a former power-station site with a dedicated 275 kV grid connection inside a grid envelope of up to 1.2 GW, a purpose-built cooling reservoir, and on-site grid generation plus a 500 MWh battery. Stage-1 — ~AUD $760 million (modelled, all-equity worst case) — deploys a 30 MW, ~14,500-GPU build on ~200 AMD Instinct MI455X Helios rack-scale systems, direct-to-chip liquid-cooled, operational Q1 2028, then scales through 100 MW toward the full program on the same connection.
The cluster runs today, at lab scale, in Brisbane. Verify the silicon before reading further.
Why a site, not a colo
The binding constraint. Sovereign workloads cannot burst offshore to cover a peak or a dead node — the substrate is sized for peak, in-region. The scarce inputs are a dedicated high-voltage grid connection + grid headroom + land + a heat sink under one cooperative owner. A colo rack rents someone else's connection and land; at Swanbank they sit under one owner.
The site. A 336 ha CleanCo brownfield precinct 11 km from Brisbane's demand centre. The DC sits on a verified 192.55 ha lot already zoned Industry (209-217 Swanbank Rd, CleanCo-owned) — no rezoning risk on a former power-station site — with cooling drawn from the adjacent verified 46.10 ha freehold lake lot (118-146 Swanbank Coal Rd, also CleanCo). Both parcels sit inside the precinct; total leased area across them is TBC pending the lease. Power: a new 275 kV substation already on the precinct (commissioned for the battery) gives Stage-1 a dedicated high-voltage grid connection; the precinct also hosts 385 MW of combined-cycle gas generation, an operational 500 MWh Tesla Megapack battery, and a study for up to 250 MW of renewable-gas-ready turbines.
The heat sink. The Swanbank Cooling Water Dam — recycled, non-potable water since 2007 — re-tasked as a closed-loop thermal reservoir. Direct-to-chip liquid cooling, water recirculated not consumed: zero potable water per token, no evaporative draw, no creek discharge.
The landlord. CleanCo (QLD government-owned) is actively redeveloping the precinct and courting innovative co-located tenants. The regulatory floor (SOCI Act 2018, APRA CPS 234, Privacy Act APPs, AUKUS Pillar 2) keeps tightening in favour of Australian-owned compute.
The moat
AU ownership at the entity level. AloomU's shareholder register is Australian-resident. No foreign parent, no foreign holding company, no foreign convertible note. CLOUD Act / FISA 702 / EO 12333 do not reach AloomU because AloomU has no US legal nexus.
Own the demand, not just the supply. The switch (aloomu.au/v1) aggregates tenant traffic into one buy — negotiated frontier-lab wholesale on one side, our own silicon on the other, routed per request under the au-only residency guard. Owning supply caps what the labs charge us; owning aggregated demand caps what they charge everyone. The cluster is the floor under every negotiation.
Cryptographic attestation as the product. Every workload emits a signed proof artefact rooted at AloomU's customer-facing root key. Per-request audit trail today; hardware-signed certificate of origin (AloomU Anchor™) on the roadmap.
Energy position, stated plainly. Stage-1 draws via a dedicated 275 kV grid connection; the precinct's on-site generation and 500 MWh battery sit behind the same grid node on CleanCo's Clean-Energy-Hub trajectory. We do not claim Stage-1 runs on 100% renewables today — we claim sovereign, grid-connected megawatts in-region, with an auditable path to renewable provenance.
Modelled estimate. Stage-1 figures scale the proven pilot unit economics — per-GPU revenue and capex held at the 2026 H100-class basis (~$2.35/GPU-hr; contract prices rose ~40% Oct 2025 → Mar 2026 on sold-out capacity) — to ~14,500 GPUs. MI455X is a higher-performance generation: real $/GPU-hr and capex per GPU move with vendor quotes, disclosed under NDA. AEMO QLD Q1 2026 wholesale average $65/MWh. Before financing, tax, ramp; stress-tested to $1.80/hr · 65% utilisation. The moat is the connection, the land and uptime, not the power bill.
Use of funds ~AUD $760M · modelled
GPU compute, networking, storage
~$405M
53%
Power + cooling fit-out @ ~$9k/IT-kW (275 kV→33 kV→LV + rectifiers; closed-loop liquid to the dam; civil)
~$270M
36%
Grid connection yr-1 + working capital + team
~$15M
2%
Contingency
~$70M
9%
Total Stage-1 raise (all-equity worst case)
~$760M
100%
Modelled estimate — proportions held from the pilot model, scaled to 30 MW / ~14,500 MI455X GPUs; MI455X/Helios capex is unconfirmed pending vendor quotes. GPUs are a financeable, resaleable asset — vendor finance or GPU leasing materially cuts the equity cheque. Natural shape: a smaller equity round to close CleanCo / Powerlink terms and long-lead items, then vendor finance + infrastructure debt for the build. Line items move with final quotes; disclosed under NDA.
Delivery milestones
Wave 1 — terms
CleanCo land lease (verified lake lot 46.10 ha freehold; total lease area across adjacent parcels TBC) + dedicated 275 kV grid-connection access + dam access + PFAS containment scope — heads of terms in negotiation, not yet executed. Powerlink Connection & Access Agreement (N-1, ~$2.5M/yr) under negotiation against the precinct's spare energised capacity.
Verified site record
118-146 Swanbank Coal Road, Swanbank QLD 4306. Land size 46.10 ha, property type Land, tenure Freehold. Registered owner CleanCo Queensland Limited (GPO Box 952, Brisbane QLD 4001). Property ID/VG 00801180000000; LA Ipswich. Legal description (RPD): L2 RP101603, L1 RP112211, L233 SL5577, L244 SL5579, L12 SP142300, L182 SP271921, L9 SP292788 — the precinct spans seven lot/plans, of which this lake lot is one. Source: Cotality RP Data, based on State of Queensland (Department of Resources) data, 2026.
Verified DC lot
209-217 Swanbank Road, Swanbank QLD 4306. Land size 192.55 ha, property type Commercial, development zone Industry (land use: General Industry). Registered owner CleanCo Queensland Limited; held 24+ years (last sold 10 Nov 2000 for $547,275, settled 13 Aug 2001). This is the data-centre parcel — industry-zoned brownfield, no rezoning required. Source: Cotality RP Data, based on State of Queensland (Department of Resources) data, 2026.
Wave 2 — energise
Stage-1 hall built and energised: ~30 MW IT load, ~14,500 MI455X GPUs across ~200 Helios rack-scale systems, direct-to-chip liquid cooling to the Cooling Water Dam, operational Q1 2028. Sovereign tier on the switch cuts over from Stage-0 lab silicon to Swanbank production silicon. Public capacity dashboard goes from "lab" to "production".
Wave 3 — fill
Capacity sold against the owned demand stack: QGOV via QWork, Tailor (customer #1), Plan B EOI register. Customer #2 (independence-proof, regulated-sector, non-QGOV) operating in production.
Wave 4 — scale
Build-out FID (~100 MW) on proven utilisation. Same connection, same dam, same landlord — a 100 MW build-out uses under 10% of the site's 1.2 GW envelope — stepping toward the full Q1 program: 800 MW.
The staircase
Stage-0 — live today
Moorooka lab rack: 8 open-weight models, public 60-second telemetry. The proof, not the product.
Stage-1 — this raise
~30 MW · ~14,500 MI455X GPUs (~200 Helios systems) on a dedicated 275 kV connection at Swanbank · Q1 2028.
Build-out
~100 MW · ~48,000 GPUs — still under 10% of the grid envelope.
Q1 complete
800 MW — the program designation; ~two-thirds of the connection.
Envelope
Up to 1.2 GW. The site is not the limit; capital and silicon are.
Commercial position
Anchor customer (live)
Queensland Government — production workloads on AloomU sovereign compute today across QChat (the QLD public-service generative-AI assistant) and QGCS (Queensland Government Consulting Service). QWork — QGOV's flagship system — is the compute-offtake channel, with integration live today (work delivered behind QWork links, Organisation-gated). QGOV AI-inference spend tracks ~AUD $15M/yr today → ~AUD $1.17B/yr by 2033–35. Contracted compute volumes through QWork are in negotiation — the channel is live; the contract is not. Beyond QGOV: Logan City Council runs workloads today, and conversations with UQ and QUT are underway. Offtake is structured as tenancies — term agreements over contracted-MW blocks — with QWork as the anchor tenancy.
Customer #2 (in flight)
Non-QGOV, regulated-sector — federal department under SOCI Act 2018 obligations, Defence under AUKUS Pillar 2, or a non-QLD state. Inside the first twelve months of Stage-1 operation. The independence-proof milestone investors should hold AloomU to.
Addressable market
Combined federal + state + Defence IT spend ~$30B/yr today, with sovereign-AI inference a structural new line item layered on top. 1–3% of the regulated-sovereignty segment over 5 years ≈ $500M ARR ceiling without displacing hyperscaler workloads. GPU contract pricing rose ~40% in six months on sold-out capacity — and in June 2026 Google began paying SpaceX US$920M/month (and Anthropic US$1.25B/month) for rented compute: ~US$26B/yr of frontier-lab demand that their own data centres cannot meet. New sovereign supply enters a structurally short market under a premium price umbrella — and per SpaceX's SEC filing, Google's contracted cluster is ~110,000 GPUs (~77 MW): comparable to a single Q1 build-out stage, with the full 800 MW program many times larger.
[Leadership / advisory roster — disclosed under NDA.]
This is not a deck claim. The rack runs today. Visit aloomu.au/#live for live nvidia-smi telemetry from the Stage-0 facility — refreshed every 60 seconds, verifiable against the published JSON at /.well-known/aloomu-capacity.json. The TLS chain you're reading this over terminates at AloomU's own root CA, not a US one. Stage-1 ships the same posture at production scale.