| Infratil Limited (IFT) ORDINARY FULLY PAID FOREIGN EXEMPT NZX |
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$12,637 |
CDC signs 555MW data centre contract with US customer
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5 May 2026 5:36PM |
$10.500 |
$12.610 |
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20.10%
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IFT - Price-sensitive ASX Announcement
Full Release
Key Points
- CDC Data Centres (CDC) has signed a 555MW data centre contract with a high-end US customer.
- This contract is the largest data centre deal in Australia's history.
- Infratil Limited holds a 49.7% stake in CDC and views this as a significant milestone for Australasian data centre demand.
- The contract duration is up to 30 years, with initial operations expected to start in FY28 and FY29.
- CDC's total contracted capacity will grow to over 1GW, making it the largest data centre provider in Australia and New Zealand.
- The deal highlights Australasia as a prime location for global data centre investment due to regional stability, competitive costs, and access to renewable energy.
- CDC expects EBITDAF to exceed A$1 billion in FY28, with annualized capacity potentially delivering A$2 billion.
- The contract does not require further equity from shareholders and fits within CDC's existing growth plan.
- CDC's development will be funded through current cash reserves, existing debt facilities, and new debt and hybrid funding.
- Infratil CEO Jason Boyes emphasized the opportunity for Australasia to attract global computing capacity.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
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