NEXTDC Halts Trading Over Delayed Power at Melbourne Data Center

Oct 19, 2026
NEXTDC requested an immediate trading halt while it assesses delayed power supply at its M3 data center in Melbourne and the possible effect on its fiscal 2027 guidance.

NEXTDC requested an immediate trading halt while it assesses delayed power supply at its M3 data center in Melbourne, according to Bloomberg. The company asked for the suspension to remain until it issues an announcement or trading begins on Wednesday.

M3 is partially operating: 42 megawatts came online during the 2026 financial year, with another 165 megawatts under development. NEXTDC is assessing the delay's impact, including possible implications for its fiscal 2027 guidance, while Citigroup analysts estimated that the issue could reduce fiscal 2027 earnings before interest, tax, depreciation and amortization by as much as A$25 million.

Electricity distributor Jemena paused work in September on power lines intended to connect M3 after residents and local government raised concerns about concrete poles planned for residential streets. NEXTDC did not specify the cause of the delay, while Citigroup analysts said it likely relates to the paused work.

We hope you enjoyed this article

Consider subscribing to one of our newsletters like Silicon Brief or Daily AI Brief.

Also, consider following us on social media:

AI Chips & Datacenters AI Brief AI Brief (X)
Free newsletter

Silicon Brief

Weekly coverage of AI hardware developments including chips, GPUs, cloud platforms, and data center technology.

AI Token Webinar

Market report

2025 Generative AI in Professional Services Report

Thomson Reuters

This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.

Read more

You may also like

Free, six days a week

Daily AI Brief: the AI news that matters, in your inbox.