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X2M Builds Momentum in High-Density AI Data Centre Expansion

X2M Builds Momentum in High-Density AI Data Centre Expansion Source: Kapitales Research

X2M Connect Limited (ASX: X2M) is expanding its presence in Australia’s AI infrastructure market after entering a new non-binding partnership focused on high-density GPU data centres and integrated energy precincts in regional Queensland.The proposed development model covers facilities ranging from 10MW to 100MW, taking X2M’s potential data centre pipeline beyond 200MW. Under the five-year arrangement, the company could participate in infrastructure delivery before providing ongoing facility management services, creating potential for project income alongside recurring platform revenue.X2M plans to deploy its AI-enabled technology to combine energy generation, storage, distribution and environmental monitoring within a unified real-time management platform. The agreement also creates a pathway for additional developments across Queensland and other Australian regions. It follows X2M’s recently announced binding data centre agreement, which has an estimated project cost exceeding $250 million, further supporting the company’s broader infrastructure growth strategy. 

 

 

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