Just to provide everyone clarity around the capital raise because there seems to be a bit of uncertainty around why it was done.
Initially, the IPO raised sufficient funds to build out the two data centres to a power capacity of 0.5 MW. However the TIER-Ready certifications received would only result in an actual TIER III or TIER IV certification being awarded if DXN built data centre blocks with an approximate power capacity of 1MW. In other words, if DXN pursued a 0.5 MW initial build out of each data centre they would not have received a TIER III or TIER IV certification for their data centres despite having the TIER-Ready approvals. This may have been lightly touched upon during the investor call when the capital raise was being undertaken.VIDEO
All things considered, the next few weeks should hopefully be very exciting for long term holders. And once DXN has proven their concept, they can quite quickly expand their company as the business model is naturally a cash cow.https://raasgroup.com/ ). You need to register for free before downloading them.
