NextDC shares plunge 40% after slashing earnings forecast over Melbourne power delays
AINextDC shares fell 39.5% on Wednesday after the Australian data center operator cut its fiscal 2027 revenue guidance to A$475 million to A$500 million from A$615 million to A$640 million. The company cited power supply delays at its M3 Melbourne data center, where Jemena does not expect to resume infrastructure upgrades before February 2027 amid community opposition.
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CNBC · Technology · cnbc.comPublished · added here
Original title: Australian data center operator NextDC's shares plunge 40% after it slashes earnings forecast