NEXTDC is set to secure over one billion Australian dollars by issuing convertible notes, a strategic decision aimed at bolstering its data centre infrastructure, particularly for AI applications. With an expected rise in capital expenditure in the upcoming years, this initiative addresses the growing challenges of power and water availability facing Australian data centre developers.

NEXTDC is set to secure over one billion Australian dollars by issuing convertible notes, a strategic decision aimed at bolstering its data centre infrastructure, particularly for…

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…