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Highlights
NextDC Limited (ASX:NXT) reports a jump in contracted utilisation across its data centre portfolio
Shares of data infrastructure firms including ASX:NXT, ASX:GMG, ASX:HMC, and ASX:DGI moved higher
Kuala Lumpur facility KL1 secures first major hyperscale contract ahead of operational launch
Australian technology infrastructure stocks traded higher during the session, with the ASX 200 receiving upward support from gains in the data centre segment. NextDC Limited (ASX:NXT), which is listed on the ASX 200, led the charge after announcing significant progress in customer contract wins and infrastructure utilisation. The uptick in performance extended across the broader sector, reflecting demand for sovereign, AI-native digital infrastructure within domestic and regional markets.
Other companies with a footprint in data centre or digital infrastructure assets, such as Goodman Group (ASX:GMG), HMC Capital Limited (ASX:HMC), and DigiCo Infrastructure REIT (ASX:DGI), also showed gains during morning trade.
NextDC Reports Growth in Contracted Utilisation
NextDC Limited confirmed that it secured several customer agreements that lifted the contracted utilisation of its data centre portfolio. The uplift came during the month of May and added meaningful capacity commitments across the network. The company noted strong interest from hyperscale clients as AI-focused infrastructure continues to shape operational priorities across the region.
The Kuala Lumpur facility KL1 contributed significantly to the increased utilisation. The site, which is scheduled to go live in the early part of calendar 2026, has already recorded firm capacity bookings from new clients. The company identified this development as a key milestone in its regional expansion.
Kuala Lumpur Site Attracts Early Client Commitment
KL1, located in Kuala Lumpur, Malaysia, achieved a major milestone with its first hyperscale client contract secured before operations commence. The site’s contracted capacity now accounts for a meaningful portion of its planned full capacity. According to company statements, KL1 will serve as a cornerstone in delivering AI-native, sovereign data infrastructure to high-growth Asia-Pacific markets.
The Kuala Lumpur site adds to NextDC's expanding international footprint and is expected to support next-generation workloads including artificial intelligence, cloud computing, and advanced data analytics.
Revenue Realisation Timeline Shared
NextDC stated that the full revenue stream from recently secured customer contracts is scheduled to ramp up over the medium term. The company expects the commencement of revenue contribution to begin once additional data halls reach completion. This phased rollout will enable scalability while maintaining operational alignment with client infrastructure demands.
Revenue recognition associated with these new contracts is planned for later fiscal periods, as construction and commissioning progress across the company’s facilities.
Data Infrastructure Sector Strengthens
Broader interest in data infrastructure was evident across market peers. Goodman Group (ASX:GMG), known for its presence in industrial and logistics real estate with data centre exposure, saw an uplift in morning trade. HMC Capital Limited (ASX:HMC) also advanced, along with DigiCo Infrastructure REIT (ASX:DGI), reflecting the wider market’s focus on digital asset demand.
The strong move among these stocks added further momentum to the ASX 200, which recorded gains supported by strength in real assets, technology, and communication services. Activity levels across the sector point to sustained interest in large-scale digital infrastructure solutions as firms position for demand growth linked to emerging technologies.
