InvestSMART

X2M Connect Limited (ASX:X2M)

ALERT: Price-sensitive ASX Announcement for X2M
Current share price for X2M : $0.009 0.005 (125%)+
Announcement
Release
11 Jun 2026 8:43AM
Price at Release
$0.004
Full Release
download
Summary
X2M Connect Limited has announced a partnership with Resi Ventures to develop integrated data centre and energy infrastructure precincts across regional Australia, starting with the Miners Rest Renewable Energy Integration Precinct near Ballarat, Victoria. This project includes a data centre with a capacity of 10MW to 100MW, a battery energy storage system, and connections to regional renewable energy sources. X2M's AI-enabled platform will manage all energy and environmental systems within these centres. The initiative aims to address the increasing demand for data processing and energy resilience, supporting regional economic growth. X2M's scalable technology aggregates data in real-time, enhancing optimization and predictive capabilities for data centres. The partnership positions X2M to tap into a projected A$135 billion investment opportunity in Australia's data centre sector by 2035. X2M's revenue model is diversified, incorporating hardware sales, SaaS, and platform fees.
Key Points
  • X2M partnered with Resi Ventures to develop data centres in regional Australia.
  • The first project is the Miners Rest Renewable Energy Integration Precinct near Ballarat, Victoria.
  • The precinct will include a data centre with 10MW to 100MW capacity, battery storage, and renewable energy connections.
  • X2M's platform unifies energy, microgrid, and environmental management using AI.
  • The partnership supports growing data processing, energy resilience, and economic development.
  • Regional data centres are targeted due to underserved demand and edge computing needs.
  • Australia's data centre infrastructure investment is expected to reach up to A$135 billion by 2035.
  • X2M's platform connects and optimizes multiple devices in real-time.
  • X2M has a diversified business model with hardware sales, SaaS, and platform fees.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.