I'll add another big question mark into the mix - how the heck...

I'll add another big question mark into the mix - how the heck are they planning to finance their data centre builds? These things cost hundreds of millions, they are hugely capital intensive. They have earmarked ~$4.5m for the Homebush site which is probably enough to clear a small block and build a shed in Sydney. I question whether to call it a data centre, sounds more like a small data cupboard. If this is going to be a serious data centre business, there will be epic dilution coming down the pipe. Somebody in the chain above said NextDC $2b and DXN $30m therefore DXN undervalued, that's a lol. NextDC has deployed more than a billion, that's why it's worth billions. It's not value manifested out of thin air.