Shares of the company plummeted by as much as 45% on Wednesday following the profit warning and the halt in growth plans. The downturn follows a broader rout in the industry's infrastructure buildout, with eight data center firms suffering failures or major disruptions in the past month according to tracking from ZeroHedge.
Wednesday, October 21, 2026
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NextDC Slashes June 2027 EBITDA to A$245 Million in Wave of 8 Sector Crashes
Earnings3 hours ago
The Australian data center operator is exploring "force majeure" legal options to mitigate the financial impact of delays at its major Melbourne facility, where community opposition has stalled development. To manage the disruption, NextDC has paused all new construction projects and revised its earnings before interest, taxes, depreciation, and amortization (EBITDA) for the fiscal year ending June 2027 to a range of A$245 million ($172 million) to A$265 million, down from a previous target of A$385 million to A$410 million.
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