Ann: Bibra Lake Data Centre awarded Tier III design certification, page-13

Credit where credit is due. Well done for getting the cert, though it's a year late.

My concerns are:

• The main selling point of DC2 back then was getting Tier 3 for Bibra to service clients. Their main target was SMEs who need min. Tier 3 for credibility/reassurance. Now they have switched their focus to cryptos. Is Tier 3 still necessary to secure clients (crypto miners)?
• The timing of this release makes me think the June 4C wont be a good one. There has been no mention about signing up clients (major) for Bibra Lake. There has been no mention about costs, which has always been a bane of DC2's existence, especially in a highly inflationary environment.

Anyway, glad that DC2 is able to deliver what they promised pre IPO. Justin previously told me once they get the cert, they will be able to sign up more clients. Now that excuse is out of the way, their next challenge is to sign up clients. They need to grow rev faster than costs otherwise there will be another cap raise in 6 to 12 months.