X2M Connect signs binding deal for AI-enabled data centre in Queensland
X2M Connect signed a binding agreement for a 10MW AI-enabled data centre in Queensland, with project cost estimated at A$250 million, according to Reuters.
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what happened
According to Reuters, Australian company X2M Connect Ltd has signed a binding agreement to build an AI-enabled data centre. The company has been granted exclusivity over the site for 60 days.
The 10MW project is estimated to cost about A$250 million. The facilities are targeted for low-density regions of Queensland and the Northern Territory.
why it matters
For markets this is a small, local story about one company, but it reflects growing interest in AI infrastructure and power-hungry data centres. Investors tracking electricity demand in the region may watch projects like this.
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sources
- X2M Connect Signs Binding Agreement To Deliver AI-Enabled Data Centre — Reuters, 23 October 2026 at 01:25 UTC
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