Anthony Macdonald

Hmm.

It's got CDC data centers here in Australia, the number two data centers player by capacity in Australia.

It's got great contracts with all those people.

It's attracted money.

It's in the right place at the right time.

But there's still this like, what are the chances of all this happening?

What are the chances of all this coming together?

Yeah, you're right.

Gold rush is probably not the worst way to put it.

Like the AR CapEx story, it was the story of US capital markets last year.

It's continued into this year.

We're seeing that in Australia in our own way.

Like I said, the numbers here are much smaller than the US as always, but they're significant numbers.

for Australia and for the Australian market.

I mean, we're even seeing some of this data center CapEx pop up in the business CapEx numbers for the economy and making the economy do better than it was.

And Firmus is just one of them.

So this week we have NextDC raised $1.5 billion in equity.

That's the biggest equity raising in public markets this year.

And it raised $1.7 billion in hybrid, $700 million or so subordinated debt.

Talking about getting a few billion dollars extra off the banks.