DXN Wins $8.8m Contract to Deliver HPC Modular Data Centre to US-Based Neo-Cloud Operator

DXN (ASX: DXN) has secured an $8.8 million contract with an undisclosed US-based neo-cloud operator for the delivery of a 1.36 megawatt AI high-performance computing (HPC) modular data centre.

The pilot proof-of-concept deployment cosists of architecture purpose-designed to be expandable and engineered to support the customer’s larger campus-scale AI compute ambitions, reflecting accelerating global demand for modular, rapidly-deployable, high-density AI compute infrastructure.

Under the terms of the contract, DXN will design, engineer, manufacture and commission a complete turnkey AI HPC modular data centre solution incorporating its proprietary pre-fabricated module platform with fully-integrated power, direct-to-chip liquid cooling, fire suppression, and building management systems.

Subject to successful delivery, the customer has indicated it may progress to a substantially larger campus program, presenting DXN with a potential revenue opportunity of more than $278m for the existing site.

Growing Global Footprint

DXN managing director Shalini Lagrutta called the contract a “defining milestone” for the company and the next step in its growing global footprint.

“Securing a publicly listed, US-based neo-cloud operator validates our strategic direction and execution over the last three years in productising our modular data centre capability specifically for the high-density AI inference market,” she said.

“Our selection ahead of a large-scale campus program reflects our differentiation in speed-to-deployment, modular scalability, and direct liquid-cooling expertise.”

“We look forward to delivering this proof-of-concept and growing what we expect to be a significant long-term commercial partnership.”

DXN will complete fabrication of the centre at its Perth-based manufacturing facility, with commissioning at the customer’s US mainland site expected before year end.

Data Centre Market

The global data centre GPU market was estimated at approximately US$99 billion in 2025, growing at approximately 14% per annum, while the AI data centre infrastructure market has a forecast compound annual growth rate of 27.5% through to 2034.

AI inference — the deployment of trained models to serve real-time applications — is reported to have overtaken training as the dominant data-centre workload and is the fastest-growing segment of GPU infrastructure demand.

DXN's pre-fabricated AI HPC module range has been designed precisely for neo-cloud operators demanding new high-density data centre capacity to be delivered within months, not years.

HPC modules are factory-built in Australia, fully tested prior to shipment, and able to be deployed within eight months from contract signing.