Data Center Bloodbath Spreads Down Under: Nextdc Implodes 45%, Mulls Force Majeure As Angry Residents Pull The Plug

And another one goes down.

One day after we reported that Korea's biggest IPO of the year cratered 32% within seconds, and two weeks after Nvidia-backed Firmus slashed and then pulled its ASX float, another Australian data center operator has just smashed into the cold, hard wall of reality. This time the casualty is an ASX-listed heavyweight: according to Bloomberg, Nextdc (NXT AU) said it is considering force majeure options and cut earnings guidance by more than a third after community opposition delayed power to M3, one of its major projects in Melbourne.

Residents 1, Data Center 0