Deep Source (HKG:0990) secured a 10-year data center colocation agreement covering 67 megawatts of planned IT capacity at its project in Penang, Malaysia, according to a Wednesday Hong Kong bourse filing.

The project is scheduled for phased delivery in 2027, with the customer required to pay monthly service charges based on contracted capacity from the service commencement date.

Shares of Deep Source were up nearly 4% in Thursday morning trade.