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Australia data centre firm NextDC reports rising water, energy use with profit beat
Source: reuters.com
Artificial IntelligenceEnergy Markets & PricesTechnology & InnovationCompany FundamentalsConsumer Demand & Retail
NextDC reported profit ahead of forecasts, but said water and energy consumption rose over the past year as demand for computing capacity increased. The company’s data-center resource intensity could fuel public concern about the AI boom’s environmental and utility draw. Overall, the news is a mixed read-through for the sector: fundamentals are improving, but sustainability/utility risk may grow.
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