Why data centres are becoming the ASX’s new growth engine

Summary

• The answer to why data centres are becoming the ASX's new growth engine is put: compute demand is rising faster than power availability and investors are treating digital infrastructure like the next strategic utility.
• The local market is moving through a two-speed phase. Miners are still exposed to diesel, freight and energy shocks, while AI-linked infrastructure is attracting fresh capital because revenue visibility is improving.
• The trade is strong, but not risk-free. The businesses in this article are capital. . .