DGT Executes Long-term 71MW Contract at SYD1
Filed with ASX · · 3 pages · English
Summary by 6ix AI
The contract involves leasing a significant amount of capacity and includes a fixed price contract for an expansion of the site. This expansion is fully funded and will not require new equity, with the first phase expected to generate income in the near future. The announcement highlights the company's strategy to fully lease and develop its data center assets ahead of schedule.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
The 71MW contract includes the reallocation of 20MW of existing contracted capacity to the new customer. The remaining 17MW of SYD1 capacity is leased to co-location customers, with renewal spreads across the Australian portfolio averaging ~8% since IPO. The new 71MW contract increases the Weighted Average Lease Expiry3 of DigiCo’s Australian portfolio from ~3 years to greater than 10 years, with
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