DXN Ltd. Reports 58.1% Revenue Growth and Strategic Lease Exit for Q2 FY25
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DXN Ltd. reported a 58.1% revenue growth for Q2 FY25, reaching $4.8 million, and successfully raised $6.5 million for debt reduction and operational improvements. The company is exiting its Sydney Data Centre lease to cut costs and is focusing on growth in mining and edge data centers in the Asia Pacific region, which has a total addressable market of $1.1 billion from 2024 to 2029. DXN aims to enhance its market position and operational efficiency through these strategic moves.
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