AirTrunk's Australian Data Centers Top 1.2 Gigawatts as Microsoft, Google and Amazon Sign On
AirTrunk, valued at roughly A$24 billion after a 2024 Blackstone-led buyout, is pouring billions into new Australian data center campuses to feed Microsoft, Google, Amazon, Apple and Oracle's AI demand. Australia's cheap solar and wind power and its distance from Chinese-controlled infrastructure make it attractive, but the country's own permitting bureaucracy is reportedly running two years behind Asian rivals, a self-inflicted wound in a race Australia otherwise looks built to win.