DC Two Limited announced it has secured a Fixed Term Agreement to provide co-location services at its Victoria based regional data centre. The agreement is estimated to generate revenue of AUD 1,010,800 over a 12-month period for DC Two, after this period the Customer (Ausmt Energy) has the option to cancel the contract, or switch to a month-to-month agreement at market rates. DC Two's Victoria data centre is located "behind the meter" at a LMS Energy biogas site.

The proprietary and transportable data centres draw renewable, low-cost power to decrease operational costs and offer a "green powered" service to Australia customers seeking ESG credentials. The site will include two data centre modules, one owned by DC Two and the other owned by LMS Energy, both of which have already been built and are currently being installed onsite. Under the terms of the agreement, the Customer will purchase an estimated 763kw of power over a 12- month period with revenue expected to commence in third quarter of calendar year 2022.

DC Two will provide floor space, empty racks, power, cooling, internet connectivity and day to day equipment, hardware and support. The customer will provide and manage their own servers and equipment. The Victoria site is expected to be online by the end of July 2022, and will have an initial capacity of 800kw via DC Two's module, with total site capacity expected to increase to 1.2MW as DC Two seeks an agreement to access and sell space in LMS Energy's module.

AGREEMENT DETAILS: Customer: Ausmt Energy Pty Ltd. Term: The agreement commences on 1 August 2022 (Commencement Date) and will continue until 31 July 2023 (Expiry Date) (being 12 months from the Commencement Date). Estimated revenue: AUD 1,010,800 ($992,000 recurring revenue over 12 months + $18,800 set up fees). Termination: The Customer may terminate this Fixed Term Agreement after the initial term, or switch to a month-to-month agreement at market rates.