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On Tue, 10 Sept, 4:02 PM UTC
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[1]
NextDC Raises AUD 550 Million for Further Asian Expansion
Upcoming expansions include a new hyperscale facility in Bangkok and additional sites in Malaysia. Australian data center provider NextDC announced that it has successfully raised approximately AUD 550 million through the issuance of approximately 32.1 million new shares. Further to the company's ASX announcement dated September 10, 2024, the placement shares were issued at AUD 17.15 per share, representing a 3.9 percent discount to Tuesday's close. Also Read: NextDC Launches 5 MW Data Center in Adelaide, Australia The proceeds from the capital raising will be used for acquiring new data center development sites in Asia, as well as for general corporate purposes and transaction costs. The newly acquired Asian sites are expected to expand the company's data center development pipeline in Asia, which in due course will also add to NextDC's planned capacity of over 1GW based on its existing portfolio of data centre sites, the exchange filing said. "NextDC continues to see opportunities in the growing cloud and AI-led demand for digital infrastructure throughout its core Asian markets, which it believes creates strong tailwinds for NextDC," the company said. Also Read: EcoDataCenter Acquires Site in Borlange, Sweden, for 240MW Campus Additionally, NextDC said it is actively evaluating and planning its expansion into new markets, including site evaluation and negotiation in Bangkok, Thailand (BK1) and Johor, Malaysia (JB1). In FY24, NextDC received foreign investment approval from Thailand's Board of Investment (BOI) to build a new hyperscale facility in Bangkok. Part of the capital raised will be used to develop this facility once a suitable site has been acquired. Meanwhile, the planned JB1 development is expected to expand the company's presence in Malaysia, with the completion of KL1 anticipated in FY26. NextDC said, "While the company is already well-placed from a liquidity perspective to continue accelerating its development activities, it is becoming clear that opportunities for value-accretive investments in the near term will continue to grow in line with our record pipeline and strong demand for cloud and AI services." Also Read: Beyond.pl to Expand Poznan Data Center Capacity to 150 MW for AI Demand The placement received strong support from NextDC's existing shareholders and new investors, the exchange filing said. Settlement of the new placement shares is expected to occur on September 13, 2024, with allotment and normal trading starting on September 16, 2024.
[2]
Australia's NEXTDC Plans to Raise $500 Million to Tap AI Boom Via Asian Expansion
(Reuters) - Australian data centre operator NEXTDC said on Tuesday it was looking to raise a total of A$750 million ($500.33 million) to expand its data centre pipeline in Asia, tapping further into the global artificial intelligence frenzy. "NEXTDC continues to see opportunity in the growing cloud and AI-led demand for digital infrastructure throughout its core Asian markets, which it believes creates strong tailwinds for NEXTDC", the firm said in a statement. NEXTDC said the capital raising will be done through a placement of A$550 million and a share purchase plan capped at A$200 million, with the placement priced at A$17.15 per share. The price represents a discount of 3.9% to Tuesday's close. Countries and companies are showing growing interest and demand for data centres across the Asia Pacific as the AI boom fuels demand for digital infrastructure. In a similar move earlier this month, Blackstone announced its largest investment in the Asia-Pacific region in an A$24 billion deal to buy Australian data centre group AirTrunk. The data centre operator also revised upwards its capital expenditure guidance for fiscal 2025 to a range of A$1.3 billion to A$1.5 billion on Tuesday, from the previous forecast of A$900 million to A$1.1 billion. ($1 = 1.4990 Australian dollars) (Reporting by Shivangi Lahiri in Bengaluru; Editing by Rashmi Aich)
[3]
Australia's NEXTDC plans to raise $500 million to tap AI boom via Asian expansion
(Reuters) - Australian data centre operator NEXTDC said on Tuesday it was looking to raise a total of A$750 million ($500.33 million) to expand its data centre pipeline in Asia, tapping further into the global artificial intelligence frenzy. "NEXTDC continues to see opportunity in the growing cloud and AI-led demand for digital infrastructure throughout its core Asian markets, which it believes creates strong tailwinds for NEXTDC", the firm said in a statement. NEXTDC said the capital raising will be done through a placement of A$550 million and a share purchase plan capped at A$200 million, with the placement priced at A$17.15 per share. The price represents a discount of 3.9% to Tuesday's close. Countries and companies are showing growing interest and demand for data centres across the Asia Pacific as the AI boom fuels demand for digital infrastructure. In a similar move earlier this month, Blackstone announced its largest investment in the Asia-Pacific region in an A$24 billion deal to buy Australian data centre group AirTrunk. The data centre operator also revised upwards its capital expenditure guidance for fiscal 2025 to a range of A$1.3 billion to A$1.5 billion on Tuesday, from the previous forecast of A$900 million to A$1.1 billion. (Reporting by Shivangi Lahiri in Bengaluru; Editing by Rashmi Aich)
[4]
Australia's NEXTDC plans to raise $500 million to tap AI boom via Asian expansion
(Reuters) - Australian data centre operator NEXTDC said on Tuesday it was looking to raise a total of A$750 million ($500.33 million) to expand its data centre pipeline in Asia, tapping further into the global artificial intelligence frenzy. "NEXTDC continues to see opportunity in the growing cloud and AI-led demand for digital infrastructure throughout its core Asian markets, which it believes creates strong tailwinds for NEXTDC", the firm said in a statement.
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Australian data center operator NEXTDC plans to raise AUD 550 million ($358 million) to fund its expansion into Asia, aiming to tap into the growing demand for AI-related infrastructure.
Australian data center operator NEXTDC has announced plans to raise AUD 550 million ($358 million) through a placement and share purchase plan. This significant fundraising effort is aimed at fueling the company's expansion into Asian markets, with a particular focus on capitalizing on the burgeoning artificial intelligence (AI) sector 1.
NEXTDC's move comes as part of its strategy to tap into the rapidly growing demand for AI-related infrastructure in the Asia-Pacific region. The company has already made strides in this direction, having recently acquired land in Tokyo and entered into a binding agreement to purchase a data center in Kuala Lumpur 2.
The fundraising effort is structured as follows:
Following the announcement, NEXTDC's shares were placed in a trading halt on the Australian stock exchange. The company stated that the new shares in the placement would be issued at AUD 12.85 each, representing a 6.9% discount to the last closing price 4.
The global surge in AI adoption has led to increased demand for data center capacity. NEXTDC's expansion strategy aligns with this trend, as the company seeks to position itself as a key player in providing the necessary infrastructure for AI-driven technologies across the Asia-Pacific region.
NEXTDC's ambitious expansion plans reflect the broader industry trend of data center operators scaling up to meet the growing needs of AI and cloud computing. The company's move into Asian markets is expected to diversify its portfolio and tap into new growth opportunities, particularly in emerging tech hubs across the region.
The successful raising of funds through this initiative would signal strong investor confidence in NEXTDC's growth strategy and the potential of the AI-driven data center market. It also underscores the company's commitment to establishing a significant presence in key Asian markets, potentially reshaping the competitive landscape in the region's data center industry.
Reference
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U.S. News & World Report
|Australia's NEXTDC Plans to Raise $500 Million to Tap AI Boom Via Asian Expansion[3]
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Global investors are eagerly investing in Asia-Pacific data centers, driven by AI-based service demand. High valuations persist due to industry growth potential, despite infrastructure concerns.
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Macquarie Asset Management has agreed to invest up to $5 billion in Applied Digital's high-performance computing data centers, signaling a significant boost for AI infrastructure development.
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Blackstone and CPP Investments have agreed to acquire AirTrunk, a leading Asia-Pacific data center operator, in a deal valued at A$24 billion. This marks Blackstone's largest investment in the Asia-Pacific region, driven by the growing demand for data centers amid AI and cloud computing boom.
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