Nextdc Implodes 45% as Angry Residents Cut Power to Melbourne Data Center
AIFlow_ML · x · 2026-10-21
Per ZeroHedge, another Australian data center operator has hit reality: ASX-listed heavyweight Nextdc (NXT AU) is weighing force majeure options and cut earnings guidance by more than a third.
- The cause: community opposition delayed power supply to M3, one of its major Melbourne projects.
- It follows Korea's biggest IPO of the year cratering 32% on debut and Nvidia-backed Firmus pulling its ASX float — ZeroHedge calls it "Residents 1, Data Center 0."
The episode shows AI compute infrastructure buildouts increasingly colliding with local resistance and power constraints.
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