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CARTIS

NEXTDC M4 Fishermans Bend Technology Campus

127 Todd Road, Port Melbourne, Victoria, AustraliaPermitted
Evidence
Headline capacity
Not established in published records
Updated
Oct 28, 2026

NEXTDC's M4 campus at Fishermans Bend has development approval and remains in planning. The current operator page targets 150 MW of IT capacity and 26,400 square metres of technical space.

Capacity

Target IT capacity

Planned / design or future potential

150 MW

Conflicting public evidence

Conflicting source claims

Source

Broader campus capacity

Planned / design or future potential

162 MW

Conflicting public evidence

Conflicting source claims

Source

Rack density design

Planned / design or future potential

>1000 kW per rack

Power density; not a whole-site capacity

Source

Operating IT capacity: Not established in published records

A missing figure does not mean zero. Planned, utility and generation figures are not operating IT capacity.

Development

Announcement and conceptAnnounced or preconstruction

Three-component campus concept announced in June 2025.

Development approval and planningAnnounced or preconstruction

Current authoritative status; construction not evidenced.

Future build and commissioningPlanned

No phase MW, start date or commissioning schedule disclosed.

Milestones (2)
NEXTDC announces M4

Jun 12, 2025 · Recorded actual event

Completed · Announced

Source not linked
Victorian development approval announced

Jan 19, 2026 · Recorded actual event

Completed · Permit approved

Source not linked

Participants

NEXTDC Limited

Operator

Sources by role
Operator (1)
Operator (1)
Operator (1)
Other participants (1)
Victorian Government

Government authority

Sources by role
Government authority (1)
Government authority (1)

Capital & incentives

Capital claims and financing records may overlap. Their amounts are not added together.

Capital claims

Capital commitment

Transaction scope

2,000,000,000 AUD

Source

Financing records

Investment commitment

A$2,000,000,000

Jun 12, 2025

NEXTDC project commitment; no separate debt/equity package disclosed.

Parties & sources

NEXTDC Limited (Sponsor)

Sources (2)

Site & development

Site address

Actual

127 Todd Road, Port Melbourne

Source

Mission critical facilities area

Actual

50,000 sqm

Source

Technical specifications

Cooling design

Design

Direct to chip closed loop liquid

Source

Recycled water cooling

Forecast

Planned

Source

Additional project facts

Project status

Actual

Approved in planning

Source

Technical space

Forecast

26,400 sqm

Source

Campus components

Actual

AI Factory; Mission Critical Operations Centre; Technology Centre of Excellence

Source

Tier certification

Forecast

Tier IV

Source

Infrastructure & permits

Technical details (5)
Electric grid

Planned or represented

150 MW

target it capacity — 150 MW; planned.

Cooling system

Planned or represented

direct to chip liquid cooling; planned.

Cooling system

Planned or represented

recycled water cooling; planned.

Onsite generation

Planned or represented

onsite solar and microgrid; planned.

Heat reuse

Planned or represented

waste heat recovery; planned.

Building · Issued

M4 Technology Campus

Victorian Government

Jan 19, 2026

Sources (1)

Public-source research. Plans may change. See Evidence for sources and qualifications.

Related projects (1)
NEXTDC M3 Melbourne

Partially operational · West Footscray, Victoria, Australia

Shared participant: NEXTDC Limited · Same market: Victoria, Australia

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