DXN sells Tasmanian data centre for $520,000

• DXN completed the divestment of its Tasmanian data centre subsidiary for up to $520,000.
• The company's stock fell 2.04% to close at $0.24 following the asset sale announcement.
• The transaction aims to consolidate capital around the company's core prefabricated modular operations.

DXN (ASX:DXN) has completed the sale of its Tasmanian colocation data centre subsidiary for up to $520,000.

The sale of the non-core Hobart asset follows a 49% revenue surge reported by the firm in fiscal 2025.

"This divestment is a deliberate step in sharpening DXN’s focus," said DXN Managing Director Shalini Lagrutta.

The total transaction value includes an upfront payment of $400,000 and a revenue-dependent earn-out of $120,000.

Following the announcement, the DXN share price was down at $0.24.

The company stated that the divestment allows management to focus resources on its core prefabricated modular platform.

The purchaser DADT intends to continue operating the facility for existing customers.