Australia's Macquarie Technology jumps on land acquisition for data centre

Macquarie Technology

14/07/2025 01:47

** Shares of Macquarie Technology Group MAQ.AX rise as much as 5.8% to A$65.470

** Stock marks its biggest intraday pct gain since April 10

** Data centre operator buys land for a new data centre campus in Sydney for A$240 million ($158.04 million)

** The new campus is expected to deliver more than 150 MW of IT load - MAQ

** Stock down 25.7% YTD, including day's move

($1 = 1.5186 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))