NextDC share price jumps 8% on big news
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The NextDC Ltd (ASX: NXT) share price is jumping on Tuesday morning.
At the time of writing, the ASX 200 stock is up 8% to $14.26.
Why is the NextDC share price jumping?
Investors have been bidding the data centre operator’s shares higher this morning following the release of another positive update.
As a reminder, last month, NextDC surprised the market with an update on new customer contract wins. The good news is that since then, the company has been busy signing even more deals.
According to the release, following recent customer contract wins, the ASX 200 stock’s pro forma contracted utilisation as at 31 May 2025 has increased by 16MW (7%) to 244MW since the last update on 6 May.
The release notes that…
