Australian data center operator NextDC’s shares plunge 40% after it slashes earnings forecast
Summary
NextDC experienced a sharp forty percent drop in its share value following a significant reduction to its earnings outlook. The Australian data center operator blamed the downgrade on delays in securing power supply for a Melbourne site, driven by resistance from the local community and stakeholders.
The company cited power supply delays at its Melbourne facility amid local community and stakeholder opposition for lowering earnings forecast.
Source: Read the full story at US Top News and Analysis
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