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Nextdc Shares Plunge 44% After Public Backlash Hits Data Center Takeaways by Bloomberg AI Nextdc Ltd.’s shares plummeted after the data center operator said it was considering force majeure options and cut earnings guidance by more than a third as community opposition delayed power to one of its major projects in Melbourne. The Australian firm is also reviewing its capital expenditure program, and placing all new development projects and land acquisitions on hold, the company said Wednesday. Its shares plunged as much as 45% in Sydney, causing a ripple effect across the sector’s other local operators.
document fetched 2026-10-21 02:55 · canonical https://bloomberg.com/news/articles/2026-10-20/nextdc-cuts-outlook-as-public-backlash-delays-data-center-power