Agree, however this is a longer term strategy and will require substantial capital investment. This commentary from their updated guidance announcement:
“As we reset performance in the short term, we are also focussed on ensuring we are growing shareholder value over the longer term through our data centre strategy. We recognise the need to secure alternative long-term funding options outside of free cash flow to support our development pipeline, and we are currently exploring capital partnerships to achieve this."
Spark currenly has 22.3MW of data centre capacity and a further 118MW development pipeline, and are hopful this wllll keep them competitive. To put this into perspective Infratil recently did a capital raise of $1,150M to support CDC accelerate its development plans, bringing total planned capacity to around 1,870MW.
Deep Seek has thrown a spanner in the works of most Data Centre operations and a lot of voltility in this sector of the market. It will be interesting to see how all this plays out.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)