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NextDC stops work on Australian projects without customer contracts after its Melbourne M3 delay
What changed
Reuters reported on 9 November that Australian data centre operator NextDC will stop work on all projects that do not have customer contracts, after power delays and community opposition suspended work on the expansion of its M3 facility in Melbourne. Chief executive Craig Scroggie told a UBS conference that winning community backing for M3 is now the top priority. He did not say how many projects would be paused; NextDC's 2026 annual report listed 11 centres in development or planning, according to Reuters. The M3 suspension had led NextDC to cut its earnings forecasts in October and its shares fell 42%. Goodman Group and Digital Realty finalised the purchase of a 9.9% stake, worth A$715 million, and said they had no current plans for a takeover offer.
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