Latest X2M Connect (ASX:X2M) News

X2M Connect has signed a non-binding two-year MOU with Gateway DC covering data centre development, delivery and platform deployment across Australia and potentially Southeast Asia. The opportunity links Gateway’s planned 120MW-to-2GW-plus Darwin roadmap with X2M’s prospective pipeline exceeding 200MW, but revenue remains subject to future binding agreements.

FBR and Thrive Tribe fell heavily as investors weighed fresh funding and unproven commercial targets. Government contracts, recurring revenue and data centre plans gave the technology sector some stronger stories.

X2M Connect has signed a non-binding five-year partnership with Ethical Development Fund Australia to pursue a 20MW to 45MW GPU data centre and renewable energy precinct in North Queensland. The opportunity could generate both infrastructure delivery revenue and recurring platform fees, but remains subject to binding project agreements, funding and approvals.

X2M Connect's latest capital raise attracted three times the targeted funds, underscoring strong investor confidence as it scales its data centre pipeline beyond 200MW with a $250 million binding contract.

Small-cap shares produced another uneven week, led by a major fall in Corporate Travel Management and strong gains in energy, gas and takeover stocks.
Investors rewarded rising profits and new deals, but sold several companies despite promising project news.

Small technology shares delivered a mixed week, with Cycliq and Identitii leading the biggest reported gains while several companies fell despite new deals or technical progress.
Investors rewarded stronger cash results, but continued to question losses, new share issues and early-stage projects.

X2M Connect has secured a non-binding five-year partnership to develop AI-enabled GPU data centre precincts in regional Queensland, boosting its project pipeline to over 200MW and integrating its AI management platform across energy and environmental systems.

X2M Connect Limited lifted revenue by 38% to $8.94 million in FY26, halving its net loss while laying groundwork for a new data centre business.

Artificial intelligence stocks led the week, while miners and established companies delivered a broad run of stronger profits and dividends.
Large price gaps also showed that good company news did not always produce lasting buying.

AI infrastructure deals drove the week’s biggest technology share moves, led by X2M’s 350% surge and fresh data-centre contracts for DXN. Strong company results were mixed with investor reactions, as profitable growth lifted several stocks while losses, legal issues and weak outlooks punished others.

X2M Connect has landed its first binding contract to deliver a GPU-accelerated AI data centre in Australia, marking a major step into a booming $190 billion market with a project valued at over $250 million.

Small-cap technology shares swung widely as capital raises, AI deals and takeover news drove the week.
Strong operating results lifted several established names, while fraud and funding concerns weighed on others.