Infratil Shares Surge as CDC Signs Monster Data Center Deal
(Bloomberg) -- CDC Data Centres is forecasting a surge in earnings over the next three years after agreeing Australia’s largest data center contract, stoking the value of its largest holder Infratil Ltd.
The company expects operating earnings to rise to at least A$1 billion ($721 million) in the 2027-28 financial year from nearly A$400 million in the current year, it said on a conference call Wednesday in Wellington.
Shares in New Zealand infrastructure investor Infratil, which owns 49.7% of CDC, surged 12% in Wellington, the most in more than five years.
CDC Chief Executive Greg Boorer said the contract win is a “massive tick of approval for Australia as a global hub for intelligence generation.”
“It reaffirms Australia as a very trusted geography in a world that is getting increasingly geopolitically imbalanced,” he said.
The contract, announced late Tuesday, is for 555 megawatts of new capacity and doubles CDC’s contracted capacity to 1 gigawatt. The deal is with an unidentified US customer and has a minimum term of 10 years. No financial details were provided with CDC saying it would be debt funded and requires no new equity from Infratil or other holders, which include Australia’s Future Fund and the Commonwealth Superannuation Corp.
The capacity will be delivered over two years through 2029 on sites already under development. When fully deployed, the 1 gigawatt of contracted capacity would deliver annualized contracted operating earnings of about A$2 billion, the company said.
CDC expects its capital spending in 2027-28 will be A$3.8 billion to A$4.2 billion, it said.
©2026 Bloomberg L.P.
