Business3 sources
NextDC Shares Plummet 44% Due to Melbourne Data Center Power Delay
- NextDC's shares fell 44% following a profit warning.
- The company cited power supply delays at its Melbourne facility as the cause.
- Local community and stakeholder opposition contributed to the delays.
- Nvidia is in talks to inject capital into Firmus, another data center firm, after a failed IPO.
- The incident adds to broader sector challenges.
Articles (4)
Financial Times·
Australian data centre group falls 44% on profit warning
CNBC·
Australian data center operator NextDC's shares plunge 40% after it slashes earnings forecast
Bloomberg·
Nextdc Shares Plunge After Public Backlash Hits Data Center
Bloomberg·
Nextdc Flags Earnings Risk on Melbourne Data Center Power Delay