DXN Wins AU$12.2 Million Data Center Contract, Shares Hit Six-Year High

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DXN (ASX:DXN) entered into a binding contract valued at AU$12.2 million with an AI compute operator for the design, engineering, manufacture, delivery, installation and commissioning of a two-megawatt AI high-performance computing (HPC) modular data center, according to a Monday Australian bourse filing.

The company said the contract extends its AI HPC product line and follows its maiden AI HPC contract announced in June, taking its total AI HPC order book to about AU$21 million.

The company's shares rose almost 35% in recent Monday trade, reaching their highest price since August 2020.

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