Will the big tech company’s bet on Australian data centers pay off?

Will the big tech company’s bet on Australian data centers pay off?

By The AFR View
Publication Date: 2026-04-20 08:12:00

The usual investor response to geopolitical volatility, such as the war in Iran and the on-again, off-again peace negotiations, is to take a prudent pause on key investment decisions. However, Australia’s AI data center gold rush is defying this wait-and-see attitude and is gaining momentum.

Three major projects involving domestic data center companies and investments worth tens of billions of dollars underscore this.

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