Signs non-binding partnership for Data Centres development
X2M Connect Ltd
Key points
- X2M enters non-binding partnership for high density GPU data centres in Queensland
- Partnership increases X2M's data centre pipeline to over 200MW
- X2M to manage data centres using AI-powered management system
Full summary
X2M Connect Limited (ASX:X2M) has entered into a non-binding partnership agreement with an Australian master development company to develop high density GPU data centre and energy precincts of between 10MW and 100MW capacity in regional Queensland. This agreement is a significant step for X2M as it increases the company's prospective data centre pipeline above 200MW. The initial proposed data centre is part of an innovative technology precinct in Queensland. X2M will deliver the data centre infrastructure and potentially manage it on an ongoing basis, earning revenue across both phases. X2M's platform will connect all energy generation, storage, distribution and data centre environment sensors into a single AI-powered management system.
Guidance
X2M's prospective data centre pipeline above 200MW
Outlook
X2M's strategy of taking two products to market, Managed Delivery and Platform Services appears to be working in their favour with prospective customers.