3rd Partnership Agreement for High Density GPU Data Center

Key points

• X2M enters non-binding partnership with Ethical Development Fund Australia
• Focus on developing high density GPU data centers in North Queensland
• The partnership aims to leverage green energy sources for carbon-neutral benefits

Full summary

X2M Connect Ltd (ASX:X2M) has entered into a non-binding partnership agreement with Ethical Development Fund Australia (EDFA) for the development of high density GPU AI data center and integrated energy precincts of between 10MW and 100MW capacity in North Queensland. The agreement, which follows two previous data center agreements, involves the development of a scalable data center (20 to 45MW capacity) as part of a green energy precinct. X2M's role includes delivering the data center infrastructure and potentially managing it on an ongoing basis, earning revenue across both phases. The partnership is expected to leverage existing renewable power generation and integrate a scalable data center within the precinct.