NextDC forges ahead with M2 data centre

NextDC CEO Craig Scroggie

NextDC will spend up to $85 million to construct its second Melbourne data centre, with the company announcing this morning that it had secured a site for M2.

NextDC announced yesterday that it had selected a site for B2, its second Brisbane data centre, B2.

Practical completion of both M2 and B2 are expected towards the end of FY17.

M2 has a target capacity of 25 megawatts, with an initial capacity of 2MW at launch.

“Our strategic new location in Tullamarine provides customers with a resilient, highly connected facility to host their mission critical infrastructure and connect to a choice of cloud services,” NextDC CEO Craig Scroggie said

“This investment into Victoria’s growing IT industry and Australia’s wider business economy reflects the ongoing customer demand we’re experiencing for NextDC’s premium data centre services.”

NextDC announced revenue of $42.1 million for the first half of FY16, an increase of 51 per cent on 1H15.

The data-centre-as-a-service provider reported a statutory net profit of $0.6 million (compared to a loss of $5.8 million in 1H15) on EBITDA of $11.4 million.