Infratil's (ASX:IFT) CDC Data Centre Sees Significant Value Growth

2 min read | October 04, 2024 12:13 PM AEST | By Team Kalkine Media

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Infratil's (ASX:IFT) CDC Data Centre Sees Significant Value Growth — Image source: shutterstock

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Highlights

Infratil's CDC data center gains $287 million in value.

Infratil's 48% stake now valued at around $4.8 billion.

Increased customer interest drives valuation rise.

Infratil's (ASX:IFT) CDC data center business has experienced a notable rise in value, adding approximately $287 million in just three months. This increase follows heightened excitement in the data centre sector, particularly after the recent $24 billion buyout of industry player AirTrunk.

The latest valuation puts Infratil's 48% stake in CDC at around $4.8 billion, up from $4.15 billion just a few months ago. At the higher end of the valuation range, Infratil's share could reach as much as $5.25 billion, reflecting strong momentum in the data centre industry.

The company attributed the value increase to growing customer demand and the rapid progression of discussions around capacity across all regions where CDC operates. Additionally, there has been an acceleration in construction and development activities, further boosting the business's value.

CDC's data centres continue to attract attention as the demand for digital infrastructure grows globally, with more companies seeking advanced facilities to handle the increasing needs for data storage and processing. This rising interest, combined with the expansion of CDC’s operations, has positioned Infratil to benefit from the ongoing surge in the sector.

As the data centre market continues to evolve, Infratil's investment in CDC demonstrates the strong potential for growth in this rapidly developing field. With significant customer interest and expanding operations, Infratil’s stake in CDC remains a crucial component of its overall portfolio.

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