NextDC Shares Fall About 40% as Melbourne Power Delay Cuts Outlook

Australian data center operator NextDC’s shares fell about 40% Wednesday after a delay in supplying more power to its M3 Melbourne facility forced it to cut its fiscal 2027 revenue and earnings forecasts. NextDC cut its fiscal 2027 revenue and underlying EBITDA — earnings before interest, taxes, depreciation and amortization — forecasts. Power delays stem from a suspension of infrastructure upgrades at the M3 Melbourne data center amid community opposition. Local council consent is also pending further consultation. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost