Overview
- The memorandum of understanding outlines collaboration on a next‑generation hyperscale AI campus and large GPU supercluster at NextDC’s S7 site in Eastern Creek, which has potential capacity of about 550 megawatts.
- The venture is reported at A$7 billion and is positioned to host advanced AI models for OpenAI’s ecosystem.
- NextDC shares rose as much as about 11% on the announcement, making it one of the day’s top performers in Sydney trading.
- The plan coincides with OpenAI opening its first Australian office, and the federal government welcomed the project as a source of thousands of jobs during development and operations.
- NextDC’s chief executive and the industry minister highlighted the need for more renewable power for data centers, while NextDC recently lifted FY26 capex guidance by A$400 million to accelerate capacity.