Nextdc (ASX:NXT) has announced that their contracted utilisation has risen by 25Mw, a 21% increase, bringing the total to 145Mw since their last update on April 12.

In addition, the company anticipates that the majority of revenue from new customer contract wins will be progressively recognised from the beginning of FY25 through FY26.

Nextdc is a data center operator that offers colocation and connectivity services to corporate and government organizations.