Why did DXN (ASX:DXN) sell its Tasmanian data centre asset?

DXN (ASX:DXN) sold the asset to sharpen its strategic focus and consolidate its resources around its core prefabricated modular operations.

What are the financial details of the DXN (ASX:DXN) transaction?

DXN (ASX:DXN) completed the sale for a total consideration of up to $520,000. This structure comprises an upfront payment of $400,000 at completion and a future revenue-dependent earn-out of $120,000.

What does the earn-out structure mean for DXN (ASX:DXN)?

DXN (ASX:DXN) will receive the $120,000 earn-out approximately seven months after completion. This payment is subject to the divested business achieving an agreed revenue target in the six months following completion.

How is the operational transition timeline set up by DXN (ASX:DXN)?

DXN (ASX:DXN) completed the transaction with effect from June 30, which saw its nominated officers resign from the subsidiary board. The landlord's consent to the transfer remains outstanding, and the parties are working to satisfy this requirement.

What geographic and market impact does this have on DXN (ASX:DXN) customers?

DXN (ASX:DXN) has exited the local Hobart colocation market by selling 100% of the subsidiary to DADT. The purchaser intends to continue operating the facility, providing continuity for existing Tasmanian government and enterprise users.

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DXN sells Tasmanian data centre for $520,000

Written by Mahathir BayenaPublished Jul 1, 2026, 2:46 AM

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.

DXN sells Tasmanian data centre for $520,000

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