NEXTDC ORD
NEXTDC launches $1.3b capital raising to fund development of Australian data centres
Technology company NEXTDC (ASX: NXT) has launched a $1.3 billion capital raising to accelerate the development and fit-out of a digital infrastructure platform for its core Australian markets. The work has been fuelled by “unprecedented growth in customer demand” and will allow the company to take advantage of ongoing market expansions over the medium-term. The […]
NEXTDC achieves fresh records, Twiggy teams-up with IGO and Newmont ups ante in bid to woo Newcrest shareholders
ASX-100 tech company and data centre operator NEXTDC (ASX: NXT) has onboarded a record number of new customers since the end of last year, with its contract utilisation increasing 43% to 120 megawatts. NEXTDC chief executive officer and managing director Craig Scroggie said the company is well positioned to continue taking advantage of further customer […]
Where to buy defensive stocks at the right price
If the coronavirus were an Olympic athlete, it would be smashing the best-ever marathon time by taking a sneaky short cut, or else heaving to a weightlifting record with a belly full of steroids. Yep – the vexatious virus is not playing by the rules, which puts paid to the notion that ‘recovery’ stocks such […]
COVID-19 and cyber security concerns spur the data centre sector
Flush with newly-raised cash, the listed data centre (DC) operators are on an expansionary push as the pandemic elevates corporate and government requirements for more data storage and better connectivity. Investor interest has long centred on sector big daddy NextDC (ASX: NXT), which is trading near record high levels despite (or because of) a monster […]