NEXTDC Pauses New Projects, Cuts FY27 Spending After Power Delay

Australian data center operator NEXTDC Limited has paused all new development projects and land acquisitions, cutting its fiscal 2027 spending plan after a power delay disrupted expansion at its M3 Melbourne site. NEXTDC now expects capital spending of A$4.5 billion to A$5 billion, down from A$5.25 billion to A$5.75 billion. The new range includes about A$230 million of capitalized interest excluded from the earlier forecast. Removing that interest puts the revised range at A$4.27 billion to A$4.77 billion, a reduction of about A$980 million, or 17% to 19%, on a comparable basis.

Source: TokenPost