NextDC Shares Plummet Amid Community Backlash and Earnings Forecast Cuts

10/21/2026

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

10/21/2026

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

10/21/2026

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

10/21/2026

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.

10/20/2026

Nextdc Ltd.’s shares plummeted after the data center operator said it was considering force majeure options and cut earnings guidance as community opposition delayed one of its major projects in...