Data centres
IREN’s South Australian campus could be the next major test of Australia’s nascent push to become a global data centre power.
A barren rural locality with no official residents will host the $30 billion neocloud’s first Australian AI data centre. The local mayor is ecstatic.
The tech giant says its data centre investments are more than simple compute plays, pointing to the infrastructure and AI technology that come with them.
The mining boom reshaped Australia’s economy. Some economists say data centre investment could be the next generational opportunity.
Australia is trying to ride the data centre boom, but local communities are asking what they stand to gain from hyperscale projects.
The ASX-bound startup is building a $2.1 billion AI factory in Tasmania with the support of the state government. But political opposition is mounting.
A cache of emails released this week to the Tasmanian parliament detail the AI factory’s sustained lobbying efforts in the state. But questions over its energy and water supply remain.
CEO Jason Boyes told Capital Brief there’s no point in committing capital to smaller companies in its portfolio when the data centre outlook looks so rosy.
The AI factory builder was expected to list on the ASX in June. Then September. Now, early investors are resigned to the risk it is pushed back even further.
Telstra’s longest serving CEO has arrived as Sharon AI’s chair with a stamp of approval, shrugging off criticisms about the firm in an interview with Capital Brief.
The most influential AI research firm in Silicon Valley has quietly scrutinised Aussie neoclouds. For ASX investors, its findings will raise eyebrows.
The data centre company has confirmed plans to invest billions back into Australia.
On one side of Sydney, the government confirmed plan to reduce gas shortfalls. On the other, CEOs were figuring out how to cope with a quadrupling of power demand caused by data centres.
Chief executive James Manning laughed off questions about a recent short report that shot holes in his business. But a bigger question posed by a key partner may be harder to push aside.
HMC Capital is “pivoting really fast” out of the US as data centre projects face growing community opposition. CDC’s CEO says Australia is becoming “the next best option”.
The neocloud’s chief executive James Manning flew to New York last week for catch-ups with his US investors. He came back with $487m.
Oliver Curtis has returned to Sydney for the final leg of Firmus’ non-deal roadshow and the sheer number of investors that showed up on Monday showed the hype is real.
During a call to discuss the ASX-listed data centre company’s own $2 billion capital raising plan, its founder hit out at the IPO hopeful’s pitch to the market.
Mumurs that Firmus will allow early investors to cash out on day one of its IPO have become the latest intensely debated subplot involving the ‘AI factory’ company.
Firmus and Sharon AI have become two of the market’s hottest names, but public investors may be less willing to overlook the gaps in their narratives.
Chief executive James Manning wants his company to complete the dual-listing this quarter. But the impending global roadshow may throw up some personal questions.
The company’s cornerstone green energy deal has sparked anger in Tasmania, where details around the state-sanctioned agreement remain murky.
The $4 trillion chipmaker’s strategy of investing in its own customers has been highly criticised, including by a prophet of the global financial crisis. Now it has come to Australia.
