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NextDC's Shares Plummet Amid Community Backlash and Revenue Delays

Technology News

NextDC's Shares Plummet Amid Community Backlash and Revenue Delays

Australian data center operator NextDC shares fall 40% after power backlash

Nikkei Asia

Australian data center operator NextDC shares fall 40% after power backlash

CANBERRA -- Major Australian data center operator NextDC's shares tumbled 40% on Wednesday after the company revealed that a public backlash had stalled plans to increase power supply to a...

Australian data center operator NextDC's shares plunge 40% after it slashes earnings forecast

CNBC

Australian data center operator NextDC's shares plunge 40% after it slashes earnings forecast

The company cited power supply delays at its Melbourne facility amid local community and stakeholder opposition for lowering earnings forecast.

Australian AI data centre operator NextDC shares shed 44% on revenue delay

The Straits Times

Australian AI data centre operator NextDC shares shed 44% on revenue delay

NextDC shares fell 44% and wiped about A$3.1 billion from its market value in early trade.

Australians also don’t like data centers: NextDC shares fall 42% after community opposition stalls a grid upgrade

Fortune

Australians also don’t like data centers: NextDC shares fall 42% after community opposition stalls a grid upgrade

It also paused every new data center project and land acquisition "for the foreseeable future."

Current affairs

Capital Brief

Current affairs

NextDC’s Melbourne electricity woes have sent its shares tumbling, in a stark demonstration of the growing financial risks of community opposition to Australia’s data centre boom.

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