NXT News: Australia's NEXTDC plans to raise $500 million to tap AI boom via Asian expansion - 10th Sep 2024, 5:27pm

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(Reuters) - Australian data centre operator NEXTDC said on Tuesday it was looking to raise a total of A$750 million ($500.33 million) to expand its data centre pipeline in Asia, tapping further into the global artificial intelligence frenzy.

"NEXTDC continues to see opportunity in the growing cloud and AI-led demand for digital infrastructure throughout its core Asian markets, which it believes creates strong tailwinds for NEXTDC", the firm said in a statement.

NEXTDC said the capital raising ...

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