Tag: centre operator
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Australian AI data centre operator NextDC shares shed 42% on revenue delay, future plans on hold
SYDNEY, Oct 21 : Australian data centre operator NextDC shed nearly half of its market value on Wednesday after sharply cutting revenue forecasts for the year ahead and putting future developments on hold.The company said delays to electricity network upgrades at one of its major Melbourne projects would mean
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Australian AI data centre operator NextDC shares shed 44% on revenue delay
SYDNEY Oct 21 : Australian data centre operator NextDC shed nearly half of its market capitalisation on Wednesday after sharply cutting revenue forecasts for the year ahead and putting future developments on hold, extending the burst of negative sentiment towards global AI stocks.The company said delays to e
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Australian NVIDIA-backed AI data centre operator Firmus shelves IPO
SYDNEY, Oct 9 : Australia’s Nvidia-backed AI data centre operator Firmus shelved its initial public offering citing recent market volatility, and will opt for a private fundraising round, the company said in a statement.”Firmus will now pursue capital from the private markets and consider alternative public a
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Firmus investor stock falls after reports AI data centre operator may cut $5 billion IPO
Oct 8 : Investor concerns that Nvidia-backed Firmus may cut the size of its $5 billion Australian initial public offering (IPO) drove a 30 per cent plunge in shares of construction services provider Maas Group, which owns 3.2 per cent in the AI data centre operator.The final details of Firmus’ share sale, the
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Australian data centre operator NEXTDC to raise $795 million for AI infrastructure
Sept 9 : Australia’s NEXTDC said on Wednesday it seeks to raise A$1.1 billion ($795.63 million) through convertible notes, its third fundraising in just over four months, as the data centre operator ramps up investment in AI infrastructure.Here are some details:• The notes will mature on September 1
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