AI will supercharge datacentre growth: Infratil

Infratil chief executive Jason Boyes says its asset mix will change over time as its renewables business grows. (Image: NZME)

Rebecca Stevenson

Wed, 22 May 2024

Infratil’s datacentre investment has the potential to return 30% margins or more, chief executive Jason Boyes says. Infratil’s CDC datacentre business was in sharp focus on Tuesday as the listed firm announced its full-year result. The datacentre business is the most valuable part of its portfolio, now valued at more than $4.4 billion, up from $3.6b in 2023.The CDC business recorded earnings of A$271 million (NZ$295m) for the year ended March 31, which was an increase of 26% from the prior year of A$215m and exceeded the t...

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