NextDC, dubbed "Australia's CoreWeave," disclosed on Wednesday that the power supply plan for its critical M3 project has been delayed until FY2028 due to ongoing obstruction from inner-Melbourne residents regarding high-voltage transmission line construction. As a result, NextDC significantly lowered its FY2027 net revenue and underlying EBITDA guidance by over one-third (median EBITDA reduction of approximately 36%) and announced a halt to all new development projects and land acquisitions. Following the announcement, NextDC's share price plummeted by as much as 45% to A$5.07 on the Sydney market after a two-day trading halt, returning to 2019 levels. This incident further corroborates the widespread delivery challenges faced by the global data center industry, where grid connection permits and local resident opposition have become project bottlenecks.