AirTrunk and Iren, two of the country’s most valuable data centre and artificial intelligence infrastructure operators, say investors are becoming more discerning and favouring companies with strong records amid growing concern about bulging debts and sky-high valuations.
Surging borrowing costs and fears that ambitious expansion plans can’t be delivered have already foiled plans for a $44 billion listing of Firmus Technologies, with the corporate regulator disclosing that it was “undertaking inquiries” into the failure of the float this month.
Gift articles to anyone you choose each month when you subscribe.
