NEXTDC to raise A$750 million for Asian expansion
Data centre operator from Australia is expanding its data centre pipeline in Asia with a capital raise of A$750 million, driven by strong demand for digital infrastructure due to the AI boom.
Australian data centre operator NEXTDC plans to raise A$750 million ($500.33 million) to expand its data centre projects across Asia, driven by growing demand for cloud and AI-based digital infrastructure. The company announced it would raise A$550 million through a placement priced at A$17.15 per share, alongside a share purchase plan capped at A$200 million.
NEXTDC said the increased demand for data centres across its core Asian markets was creating strong growth opportunities. The company is positioning itself to benefit from the global AI boom, which is boosting the need for digital infrastructure throughout the Asia-Pacific region.
In a related trend, United States investment firm Blackstone recently acquired the data centre company AirTrunk from Australia in a deal worth A$24 billion, reflecting the ongoing interest in the sector. NEXTDC also raised its capital expenditure forecast for fiscal 2025 to between A$1.3 billion and A$1.5 billion, up from the earlier range of A$900 million to A$1.1 billion.
The capital injection is set to help NEXTDC further expand its footprint across Asia, allowing it to keep pace with the rising demand for digital services and AI-powered applications.
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