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Australia's NextDC shares plunge nearly 40% after slashing earnings forecast
Australian data center operator NextDC's shares plunged 39.5% on Wednesday after the company significantly lowered its fiscal 2027 revenue and EBITDA guidance. The company cited power supply delays at its M3 Melbourne facility, stemming from local community and stakeholder opposition that has halted infrastructure upgrades. Electricity distributor Jemena is not expected to resume work before February 2027.
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