GMG is big into and going bigger on data centers. No one can deny these are the digital infrastructure plays of the future. The demand might vary from the large scale DC (>50MW) to the Edge compute DC (<50MW), but the demand will not disappear. I've started to look into GMG as I mull over the options of the ongoing NextDC capital raise.

Limiting myself to the ASX, NextDC is the biggest focused Aus based player. But GMG provides the greatest global exposure. Biggest is usually best.

ROM of MW for each: (DC size is simplified to be measured in MW, i.e. the total device power lease-able inside the DC)

NXT; ~400MW in Aus, all overseas is in development (another couple 100 MW).

GMG; 200MW delivered in Australia and New Zealand in Sydney, Melbourne, and Auckland, 200MW available in Los Angeles, 1.5GW available across Europe and the UK in locations including London, Amsterdam, Frankfurt, Paris, and Madrid, 1.5GW available, and 300MW delivered in Asia across Tokyo, Osaka, and Hong Kong. Actual current is ~400MW across 14x DCs globally - so similar in size to NextDC.

GMG plans to use existing property it owns to redevelop into DC's (saving money). Pays a dividend along the way (vs NextDC growth play), and has the horizontal assets to make use of future DC's or to de-risk the DC 'narrative'.

More to follow. Eventually.