Gate News message, April 20 — Australian data center operator Nextdc announced a A$1.5 billion (US$1.07 billion) capital raise earlier this month to accelerate its Sydney data center project, specifically the S4 facility in Horsley Park.
The capital raise is structured as a rights offer, allowing existing shareholders to purchase one new share for approximately every 5.4 shares held at A$12.70 (US$9.1) per share. Investor La Caisse has committed an additional A$700 million (US$502 million), following its earlier pledge of A$1 billion (US$717 million) this month.
Nextdc raised its fiscal 2026 capital expenditure forecast by A$300 million (US$215 million) to accelerate inventory and equipment purchases for the S4 project. As of March 31, the company’s contracted utilization reached 667 megawatts, representing approximately 60% growth from end-December 2025, while the S4 site is designed for a total capacity of 350 megawatts.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Trump Media CEO Devin Nunes Exits as TMTG Stock Plummets 90%
Nunes exits as TMTG undergoes a major leadership shakeup, underscoring the company's ongoing struggle to turn Trump's influence into a viable platform, with stock down about 90% since its debut.
Abstract: The article reports Devin Nunes's departure as CEO of Trump Media & Technology Group, signaling a significant leadership change for the company. It notes that despite Truth Social's prominence, TMTG has failed to translate the president's influence into a profitable platform, with its stock illustrating the broader challenges the company faces in turning political notoriety into sustainable market success.
GateNews4m ago
Trump extends Iran ceasefire on the first day: Hormuz docks 2 ships, oil prices near 100, U.S. stocks close lower
CNBC combines three reports: On April 22, after Trump extended the Iran ceasefire and maintained the blockade of Hormuz, the IRGC seized two cargo ships. Market oil prices are approaching $100 per barrel, and U.S. stocks closed down about 0.6%. The extension of the ceasefire is seen as a negotiating window rather than the end of hostilities, and maritime risks remain. Shipping around Hormuz is nearly at a standstill; Brent is near $100 and WTI is above $90. Oil price movements depend on factors such as the progress of negotiations, the direction of the blockade, and the resumption of shipping.
ChainNewsAbmedia10m ago
Bitcoin breaks through $78,000, and the market moves out of the extreme fear range
The crypto market is recovering, with BTC trading above $78k, up about 2% day over day. After breaking $75k, a short squeeze emerged; spot ETFs have seen consecutive net inflows, and MicroStrategy’s additional purchases have driven growth in institutional holdings. Open interest is rising, funding rates are falling, and even turning negative, suggesting potential explosive upside. Tensions on the geopolitical front have eased, and the fear index has rebounded back into a fear range—sentiment has improved, but it’s not yet a full bull market. To hold the $78k–$83k range steadily, improve liquidity, and maintain macro stability, we can enter a long-term bull market. This article was first published by Chain News ABMedia.
ChainNewsAbmedia11m ago
Chegg Stock Crashes 99% as AI Disrupts Edtech Market
Summary: Chegg soared during online-education demand, then AI tools disrupted its model, triggering massive layoffs and a collapse below $2, with broader AI-driven shifts hitting crypto miners and fintech firms.
Abstract: This article examines Chegg's rise as a pandemic-era edtech darling and its ensuing decline amid the rapid adoption of generative AI, which provides quick answers and undercuts Chegg's value proposition. It documents 2025 layoffs and the stock's plunge toward delisting, and frames Chegg's experience within a broader AI disruption reshaping tech and crypto: Bitcoin miners pivot to AI operations, and AI-native strategies redefine competitiveness in fintech and beyond.
CryptoFrontier24m ago
TradFi Rise Alert: FCEL (FuelCell Energy Inc) Rises Over 18%
Gate News: According to the latest Gate TradFi data, FCEL (FuelCell Energy Inc) has surged by 18% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews57m ago
Tesla Q1 Earnings: Market Shifts Focus from Financial Data to Robotaxi and Humanoid Robot Progress
Gate News message, April 22 — Tesla is set to release its Q1 2026 earnings after market close on April 22, but investor focus has shifted from financial metrics to progress in autonomous driving and humanoid robotics. Wall Street expects Q1 revenue of approximately $22.2 billion and adjusted earning
GateNews58m ago
