DXN (ASX:DXN) Soars 590% After Landing First US Neo-Cloud Contract

DXN dips toes into HPC market with $8.8M contract

Prefabricated modular data centre specialist DXN has signed an $8.8 million contract with a US-based neo cloud operator to design and deliver a 1.36-megawatt AI high performance computing (HPC) data centre. As a pilot proof of concept development, the contract will see DXN provide a turnkey AI HPC modular data centre for the unnamed customer, marking its entry into the global neo cloud and AI HPC market. The solution will contain its proprietary…

DXN secures contract with unnamed neocloud to supply modular data center

Will see DXN delivering a 1.36MW data center module

DXN (ASX:DXN) Soars 590% After Landing First US Neo-Cloud Contract

KEY POINTS DXN (ASX:DXN) closed up about 590% at A$0.145 on 3 June 2026, from a previous close of just A$0.021 (2.1 cents), on heavy turnover of almost 107 million shares. The catalyst was a binding A$8.8 million contract to build a 1.36MW AI data centre for a US-listed neo-cloud operator, a deal worth more than DXN’s roughly A$6.6 million market value before the news. It is a genuine milestone, but the binding part is a single pilot. The proje…