Australian data centre operator NEXTDC to raise $795 million for AI infrastructure
The deal is the company’s third fundraising in just over four months as it lifts spending to meet AI-driven demand and preserve balance-sheet flexibility.
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5 Articles
NextDC raises A$1.1bn in convertible notes, its third capital raise in four months
NextDC is raising A$1.1bn, about $796M, through convertible notes to fund the continued expansion of its Australian data centres. It is the third time the company has raised capital in a little over four months. The terms were reported by Reuters on Wednesday. The notes mature on 17 September 2031, with holders able to put […] This story continues at The Next Web
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PressNewsAgencyAustralian data centre operator NEXTDC to raise $795 million for AI infrastructure
Sept 9 : Australia's NEXTDC said on Wednesday it seeks to raise A$1.1 billion ($795.63 million) through convertible notes, its third fundraising in just over four months, as the data centre operator ramps up investment in AI infrastructure.Here are some details:• The notes will mature on September 1
NextDC seeks A$1.1 billion through convertible notes to finance an expansion of data centers driven by demand for artificial intelligence, but access to electricity and water could become the real limit of business.
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