Australia's X2M Connect advances on signing AI data centre pact
10/09/2026 02:34
BUZZ-Australia's X2M Connect advances on signing AI data centre pact ** Shares of X2M Connect X2M.AX rise as much as 12.5% to A$0.0090, their highest level since September 4
** The tech services firm enters a partnership agreement with Ethical Development Fund Australia to develop a 20MW-45MW GPU data centre and energy precinct in North Queensland
** Says a five-year deal follows a data centre agreement announced last month involving an estimated project cost exceeding A$250 million ($180.23 million)
** X2M stock up 6.3%, YTD, including session's moves
($1 = 1.3872 Australian dollars)
(Reporting by Subhalakshmi Dey in Bengaluru)
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