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NX-COMPUTE-0003

WatchlistBuild · Approved

Western Sydney Hyperscale AI Facility

NEXTDC's approved Western Sydney hyperscale AI facility, with OpenAI publicly named as its first major customer.

Category

Compute

Location

Western Sydney, NSW

Offer status

Real asset, real public evidence, no issuer relationship and not offered.

Not open for investment

This is a researched listing, not an offer.

This asset appears on NEXES because it is real and publicly documented. It is not offered for investment, no interest in it is available to acquire, and NEXES has no ownership relationship with its operator.

Key facts

Every figure below carries the source it came from and the date it was accurate. Figures that have not been disclosed or verified are not shown.

Operator

Public filing

NEXTDC

ITK Research, Australian data centres under construction, May 2026 · 2026-08-07

Construction status

Public filing

Approved

ITK Research, Australian data centres under construction, May 2026 · 2026-08-07

Capacity

Public filing

550MW

ITK Research, Australian data centres under construction, May 2026 · 2026-08-07 · Reported as approximately 550MW.

Capital expenditure

Public filing

A$7B

ITK Research, Australian data centres under construction, May 2026 · 2026-08-07

Verification

Evidence stack

0 of 7 verified0%
  • Ownership

    No third-party verification published.

    Not started
  • Valuation

    No third-party verification published.

    Not started
  • Financials

    No third-party verification published.

    Not started
  • Inspection

    No third-party verification published.

    Not started
  • Insurance

    No third-party verification published.

    Not started
  • Legal structure

    No third-party verification published.

    Not started
  • Operator

    No third-party verification published.

    Not started

Structure

Legal vehicle

Not yet structured. Before any interest in an asset can be offered, the asset is placed into its own legal vehicle and the offer is made by a licensed third party. How it works →

Activity

  1. 2026-08-07 · milestone

    Added to the NEXES compute watchlist.

    OpenAI publicly named as the first major customer.

    NEXES watchlist, 7 Aug 2026

Documents

Sources

  • ITK Research, Australian data centres under construction, May 2026
  • CommBank newsroom, 2 Jun 2026