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● LIVE Updated 2h ago · 17 sources tracked

Nextdc Shares Plunge 44% After Public Backlash Hits Data Center

Australian data center operator NextDC suffered a 44% share price collapse after slashing its full-year earnings and revenue guidance. Public backlash and community protests against a 22-metre-high power pole network upgrade in West Footscray delayed electricity supplies to the M3 Melbourne facility. The development freeze wiped roughly A$2 billion to A$3.1 billion from the company market value. NextDC also cut its financial year 2027 EBITDA guidance to a range of A$245m-265m, dealing a severe blow to broader artificial intelligence sector sentiment and halting key infrastructure expansion plans.

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⚡ Key Developments & Real-Time Context
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  • ✓ NextDC shares plunged 44% following a profit warning and earnings forecast reduction.
  • ✓ The company cut its financial year 2027 EBITDA guidance to A$245m-265m.
  • ✓ Protests and community objections delayed electricity supply and grid works for the M3 site in West Footscray, Melbourne.
🛡️ Source Corroboration: 17 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

NextDC drastically reduced its financial forecasts and halted major expansion plans after community opposition blocked essential grid upgrades for its Melbourne facility.

Live updates

  1. NextDC Shares Plunge 44% After Protests Delay Melbourne Power

    Australian data center operator NextDC suffered a 44% share price collapse after slashing its full-year earnings and revenue guidance. Public backlash and community protests against a 22-metre-high power pole network upgrade in West Footscray delayed electricity supplies to the M3 Melbourne facility. The development freeze wiped roughly A$2 billion to A$3.1 billion from the company market value. NextDC also cut its financial year 2027 EBITDA guidance to a range of A$245m-265m, dealing a severe blow to broader artificial intelligence sector sentiment and halting key infrastructure expansion plans.

    Why it matters

    The sharp market downturn exposes growing friction between rapid artificial intelligence infrastructure growth and local community opposition to heavy industrial power installations. Public resistance to high-voltage transmission projects threatens the buildout speed of major data centers. This bottleneck has triggered immediate financial fallout for key industry operators dependent on steady grid connections.

    What is confirmed

    • NextDC shares plunged 44% following a profit warning and earnings forecast reduction.
    • The company cut its financial year 2027 EBITDA guidance to A$245m-265m.
    • Protests and community objections delayed electricity supply and grid works for the M3 site in West Footscray, Melbourne.

    Still unconfirmed

    • NextDC is considering force majeure provisions regarding the delayed power supply.

    What to watch next

    • Resolution of the power supply and grid work delays at the M3 Melbourne facility
    • Potential updates to capital expenditure and construction spending plans by NextDC management
    Sources used for this update (17)
    1. www.newspim.com — [오늘의 차트] AI 업황이 급선회할 때 韓 충격파는...IMF의 경고
    2. Bloomberg.com — Nextdc Shares Plunge 44% After Public Backlash Hits Data Center
    3. CNBC — Australian data center operator NextDC's shares plunge 40% after it slashes earnings forecast
    4. WSJ — NextDC’s Darkened Outlook Deals Another Blow to AI Sentiment
    5. AFR — NextDC slashes earnings forecast, triggering 42pc share plunge
    6. Financial Times — Australian data centre group falls 44% on profit warning
    7. investinglive.com — NEXTDC shares plunge 44% as power delays expose AI data ...
    8. gam.newspim.com — [호주 특징주] 데이터센터 넥스트DC 44% 폭락…전력 공사 중단에 불가항력 검토 - Global Asset Management
    9. au.finance.yahoo.com — NEXTDC shares plunge 44% as Melbourne power delay triggers ...
    10. www.straitstimes.com — Australian AI data centre operator NextDC shares shed 44% on ...
    11. www.sundaynightfutures.com — Nextdc Shares Plunge 44% After Public Backlash Hits Data ...
    12. usvinews.com — Nextdc Shares Plunge 44% After Public Backlash Hits Data ...
    confidence 100%
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