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Australia's NEXTDC plans to raise $500 million to tap AI boom via Asian expansion

By Yahoo! Finance   |   Sep 10, 2024 at 03:40 AM EST
Australia's NEXTDC plans to raise $500 million to tap AI boom via Asian expansion

Australian data centre operator NEXTDC plans to raise A$750 million to expand its data centre pipeline in Asia, capitalizing on the increasing demand for digital infrastructure driven by cloud and AI technologies. This move aligns with the global trend of companies investing in data centres in the Asia-Pacific region.

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