Yes they aren't good comparators but they are the industry in...

Yes they aren't good comparators but they are the industry in sum and reflect where it has moved to in terms of business model. DXN tried to create a niche at the micro end and it's failed miserably as it was a horrid misreading of the market. I wrote about this last year on HC - that their 'edge' strategy was fine in the US and other similar large markets but flawed in Australia where the population and enterprises are highly centralised. There is no need for small edge data centres in states like NSW and Victoria because 90% of the population lives within 25km of the CBD of the capital city.

Regardless of the failure to read the macro trends and the corresponding flawed business model, it's still perplexing that they haven't even been able to sell their SYD racks even at discounted rates. Something is better than nothing when you're staring down the barrel of administration a few times (which they have been). As someone noted above there must be something terribly wrong with the Sydney site. Or if not, then potential customers are wise to the high probability of the business going bust and have no interest in investing in servers that sit in a DC that goes bust. More likely it's a combination of both factors.

Anyone holding from here is very brave and even they are even braver if they average down! Even the staunchest believers have to see some sort of sales at the Sydney DC surely to put more into this. If not that DC what else have they got?