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X2M Connect

X2M Connect

X2M Connect (ASX: X2M): Big AI Deal, Bigger Growth Test

Sep 1, 2026

Proactive Equities Team

X2M Connect is expanding beyond smart metering into AI-enabled data centres, energy management and infrastructure services. A binding A$250 million-plus AI data centre agreement and new Seoul contracts boost growth potential, but execution, approvals, funding and profitability remain key risks.