US Market News
3週前
Digi Power X Secures NVIDIA Vera Rubin Systems, Advancing its AI Infrastructure and Strengthening the NeoCloudz PlatformJune 3, 2026 7:30 AM
ACCESS NewswireMIAMI, FL / ACCESS Newswire / June 3, 2026 / Digi Power X Inc. (Nasdaq:DGXX)(Cboe Canada:DGX) (the "Company" and "Digi Power X"), an AI data center infrastructure operator, today announced a $35 million commitment to purchase NVIDIA's next-generation Vera Rubin platform to expand its NeoCloudz GPU-as-a-Service business, and provided an update on operations and its financial position.NVIDIA Vera Rubin PurchaseThe Company has committed $35 million to acquire NVIDIA Vera Rubin systems - NVIDIA's rack-scale successor to Blackwell, pairing Rubin GPUs (288GB HBM4) with the 88-core Vera CPU over NVLink 6. Initial deployment is targeted for Q1 2027, subject to NVIDIA's production and delivery schedule. The Company intends to fund the purchase from cash on hand and to offer the capacity through NeoCloudz.Operations UpdateFlagship buildout on track. Development of the Company's purpose-built AI data center campus continues on schedule, with Phase 1 (15 MW of IT load) targeting a ready-for-service date of December 15, 2026 and full 40 MW deployment targeted by the end of the first fiscal quarter of 2027. The dedicated on-site substation serving Phase 1 is complete, grid interconnection has been finalized, and a power delivery agreement with the local utility is in place.All long-lead equipment secured. The Company has secured commitments for all major long-lead equipment required for the Phase 1 buildout, including critical electrical and switchgear infrastructure. Securing this equipment removes a key schedule risk and supports the Company's targeted ready-for-service timeline.NeoCloudz live and generating AI revenues. The Company's NeoCloudz GPU-as-a-Service platform has been successfully processing AI workloads on its deployed fleet of NVIDIA B200 and B300 GPUs continuously since May 15, 2026, and recognized its first AI related revenues in May 2026.Project financing moving forward. Consistent with its previously stated objective of funding expansion through non-dilutive debt where possible, the Company is arranging project-level financing to support its data center buildout. The Company expects to provide further details upon execution of definitive documentation.Strong, self-funded financial position. In addition to the expected project financing, the Company continues to fund its expansion from its own resources, maintaining a strong cash position with capital deployed into the Alabama site year-to-date. See the comments from the Company's Chief Financial Officer below."We are funding this expansion from a position of real strength," said Paul Ciullo, Chief Financial Officer of Digi Power X. "As of June 3, 2026, the Company had approximately $150 million in cash and cash equivalents, with roughly $65 million of capital already deployed into our Alabama site year-to-date, entirely from our own resources. We continue to focus on advancing our growth plan without compromising our balance sheet as we finalize project-level financing for the next phase.""To support our growth, we are investing in the people who will scale this platform," said Alec Amar, President of Digi Power X. "Alongside our Chief Technology Officer, Jagan Jeyapaul, we are building out our engineering and operations team at our new Silicon Valley office, placing us at the center of the AI ecosystem and closer to the customers, partners, and talent driving the next phase of our growth."Datacloud Global Congress 2026The Company is also pleased to announce that CEO Michel Amar and President Alec Amar are attending the Datacloud Congress 2026 Conference this week in Cannes, France, a premier digital infrastructure event bringing together representatives from major hyperscalers, data center operators, cloud providers, investors, and energy companies.About Digi Power XDigi Power X is an AI infrastructure company, operating a vertically integrated portfolio of power assets and data center capacity across Alabama, New York, and North Carolina. The Company's NeoCloudz platform delivers GPU-as-a-Service on dedicated, bare metal NVIDIA infrastructure. For more information, visit www.digipowerx.com.Investor RelationsFor further information, please contact:
Michel Amar, Chief Executive Officer
Digi Power X Inc.
www.digipowerx.com
Investor Relations: T: 888-474-9222 | Email: IR@digihostpower.comCautionary StatementTrading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsExcept for the statements of historical fact, this news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes statements regarding the Agreement, including expected TCV from the Agreement during its term, and goals, expectations and targets for the business of Digi Power X. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "goals,' "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking information is subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: risks relating to construction and equipment delivery; delivery of deployment of equipment may not occur on the timelines anticipated by the Company, or at all; financing availability and terms; counterparty performance; permitting and interconnection, regulatory matters, and general economic and market conditions; Phase 2 deployment of the Company's purpose-built AI data center campus is conditioned on the Company securing adequate financing, and there can be no assurance that financing will be completed on the terms contemplated or at all; that any additional commercial agreements under discussion will be entered into, or that the West Virginia or upstate New York opportunities will be realized; global demand for AI computing infrastructure; further improvements to profitability and efficiency may not be realized; and other related risks, some of which are more fully set out in the Company's annual report on Form 10-K for the year ended December 31, 2025 and other documents disclosed in the Company's filings at www.sedarplus.ca and in the Company's annual, quarterly and current reports filed with the SEC on its website, www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.SOURCE: Digi Power X Inc.View the original press release on ACCESS NewswireOriginal: Digi Power X Secures NVIDIA Vera Rubin Systems, Advancing its AI Infrastructure and Strengthening the NeoCloudz Platform
US Market News
1月前
Digi Power X Reports First Quarter 2026 Financial ResultsMay 15, 2026 7:45 AM
ACCESS NewswireNeoCloudz GPU Cloud Live with First AI Revenues; Approximately $125 Million Cash Today with Zero Long-Term Debt; $45 Million YTD Capex Deployed at ColumbianaMIAMI, FL / ACCESS Newswire / May 15, 2026 / Digi Power X Inc. (Nasdaq:DGXX)(Cboe Canada:DGX) ("Digi Power X" or the "Company"), an AI data center infrastructure operator, today reported its financial and operating results for the first quarter ended March 31, 2026 (all amounts in U.S. dollars, unless otherwise indicated). The Company's quarterly report on Form 10-Q, which includes unaudited consolidated financial statements and management's discussion and analysis ("MD&A") for the quarter ended March 31, 2026, has been filed and made accessible under the Company's continuous disclosure profile on SEDAR+ at www.sedarplus.ca and is also available on EDGAR at www.sec.gov/edgar.First Quarter 2026 Financial Highlights (three months ended March 31, 2026)Amounts in U.S. dollars (millions)Net loss of $(4.7) million, compared to $(1.6) million in Q1 2025, primarily reflecting pre-revenue investment in AI infrastructure capacity, Phase 1 commissioning activity at Columbiana, and growth in corporate headcount supporting the AI build program.Adjusted EBITDA1 of $1.1 million, a $2.4 million year-over-year improvement from $(1.3) million in Q1 2025;Working capital of $67.2 million, a $68.0 million year-over-year increase from $(0.8) million as at March 31, 2025;Cash and cash equivalents of $73 million at quarter-end, with zero long-term debt;Net fixed assets of $26.4 million, up 29% year-over-year from March 31, 2025, reflecting capitalized investment at the Columbiana, Alabama facility;Revenue of $6.8 million, compared to $9.3 million in Q1 2025, reflecting the planned wind-down of legacy operations as the Company transitions to AI compute and colocation revenue.Operational and Post-Quarter HighlightsNeoCloudz GPU-as-a-Service is live: recognized first revenues in May 2026 from its initial fleet of NVIDIA B200 and B300 GPUs deployed at the Columbiana, Alabama facility;Signed a $1.1 billion, 10-year AI colocation agreement (the "Colocation Agreement") with a leading AI infrastructure company, securing long-term contracted revenue;Approximately $125 million in cash and cash equivalents and $15 million in digital assets as of the date of this release (fair market value of digital assets per Gemini Exchange);Approximately $45 million in year-to-date capital expenditures deployed toward GPU equipment and data center buildout, principally at the Columbiana, Alabama facility;Uplist to Cboe Canada completed under the symbol "DGX," complementing the NASDAQ listing under the symbol "DGXX".1 Adjusted EBITDA is a non-GAAP financial measure presented as a supplement to GAAP results. See "Adjusted EBITDA-GAAP Reconciliation" and "Non-GAAP Financial Measures" below.Management Statement"Q1 marks an inflection point for Digi Power X. Adjusted EBITDA turned positive, even as we deliberately ran down legacy revenue to make room for a much larger AI compute business, and our NeoCloudz GPU cloud is now revenue-generating. The balance sheet is the strongest in the Company's history - approximately $125 million in cash, $15 million in digital assets, zero long-term debt, and roughly $45 million of capital expenditure already deployed year-to-date at Columbiana - and the Company is in active discussions to secure debt financing to fund future data center development to avoid shareholder dilution, providing us with the firepower needed to execute Phase 1 and the operational platform that follows.We have successfully initiated our pivot to AI, and the results this quarter reflect the early returns on that transition."- Michel Amar, Chairman & Chief Executive Officer, Digi Power X Inc."Releasing our first NVIDIA Blackwell GPU cluster with high performance AI storage is a defining moment for Digi Power X as we transition from building AI infrastructure to powering real AI workloads at scale through NeoCloudz. With our Silicon Valley office opening in June, we are expanding into the center of AI innovation to recruit top engineering talent to accelerate our expansion."- Jagan Jeyapaul, Chief Technology Officer, Digi Power X Inc.2027 OutlookFor fiscal 2027, Digi Power X is targeting total revenue of approximately $250-$300 million across its three operating segments:AI colocation revenue from the Colocation Agreement is expected to contribute approximately $80-$100 million, reflecting a full year of Phase 1 operations and a partial year of Phase 2 following its targeted commissioning (40 MW), and the Company is targeting an aggregate of 90 MW of AI colocation for fiscal 2027 (50 MW in addition to the Colocation Agreement) for aggregate colocation revenues of up to $200 million;GPU-as-a-Service revenue through NeoCloudz is expected to scale over the course of the year to approximately 10 MW, as additional GPU capacity is deployed and contracted (assuming similar utilization rates and $/kW to the Company's current contracts), with the Company targeting a year-end annualized run rate of up to $100 million, noting that recognized segment revenue will depend on the timing of capacity deployment and customer offtake;Energy sales are anticipated to be comparable to current levels and are expected to contribute approximately $12 million.Conference Call DetailsThe Company will host a conference call to discuss its first quarter 2026 results on May 15, 2026 at 8:30 AM ET. The conference call can be accessed by dialing the numbers below, or guests can utilize the Call Me link.1-877-407-9039 or 1-201-689-8470.Call Me: https://callme.viavid.com/viavid/?callme=true&passcode=13750233&h=true&info=company&r=true&B=6A live webcast and replay will be available at digipowerx.com/investor-relations.Option and RSU GrantsThe Company also announces the grant of a total of 650,000 stock options (the "Stock Options") and 1,730,000 restricted share units (the "RSUs") to certain officers, directors, management, key consultants and employees of the Company in accordance with the Company's stock option plan and restricted share unit plan, respectively.Each Stock Option is exercisable for a subordinate voting share of the Company at a price of C$9.84 for a period of five years from the date of grant. The Stock Options vest fully on the date of grant and are subject to the terms and conditions of the Plan. Each RSU entitles the holder to acquire one subordinate voting share of the Company on vesting. The RSUs granted to officers, directors and employees will vest in three equal tranches, on May 15, 2027, 2028, and 2029.Adjusted EBITDA - GAAP ReconciliationThe following table reconciles GAAP net loss to EBITDA and Adjusted EBITDA. Adjusted EBITDA is a non-GAAP financial measure presented as a supplement to GAAP results. See "Non-GAAP Financial Measures" below.Amounts in U.S. dollars (millions)Line Item Q1 2026 ($M) Net Loss (GAAP) $(4.7)Add: Depreciation & Amortization 1.5 EBITDA $(3.2)Add: Share-based Compensation 1.3 Add: Crypto Revaluation Loss 3.8 Less: Warrant FV Gain (0.8)Less: Gain on sale of digital currencies 0.0 Adjusted EBITDA - Q1 2026 $1.1 EBITDA and Adjusted EBITDA exclude share-based compensation, digital currency revaluation, changes in fair value of financial instruments, and capitalized AI infrastructure payroll costs. These non-GAAP measures are not substitutes for GAAP results.Non-GAAP Financial MeasuresAdjusted EBITDA is a non-GAAP financial measure. The Company defines Adjusted EBITDA as net income (loss) before interest, taxes, depreciation and amortization, and further adjusted to exclude share-based compensation, digital currency revaluation, changes in fair value of financial instruments (including warrant liabilities), gain/loss on settlement of debt, and gains or losses on sale of property and equipment. Management believes that providing this non-GAAP financial measure that excludes these items allows for meaningful comparisons between the Company's core business operating results and those of other companies and provides the Company with an important tool for financial and operational decision making and for evaluating its own core business operating results over different periods of time. In addition to management's internal use of non-GAAP Adjusted EBITDA, management believes that Adjusted EBITDA is also useful to investors and analysts in comparing our performance across reporting periods on a consistent basis. The Company's Adjusted EBITDA measure may not be directly comparable to similar measures provided by other companies in our industry, as other companies in our industry may calculate non-GAAP financial results differently. The Company's Adjusted EBITDA is not a measurement of financial performance under GAAP and should not be considered as a substitute for, or superior to, net loss or any other measure of performance calculated in accordance with GAAP.About Digi Power XDigi Power X Inc. (NASDAQ:DGXX | Cboe Canada:DGX) is a vertically integrated AI infrastructure company developing and operating purpose-built data centers, GPU cloud capacity, and modular and mobile compute platforms. The Company holds approximately 55% of US Data Centers Inc., which commercializes the ARMS modular data center platform and the URP-1 robotics line. Digi Power X is headquartered in Miami, Florida, with operating sites in Columbiana, Alabama and Niagara Falls, New York. For more information, visit www.digipowerx.com.Investor RelationsFor further information, please contact:Michel Amar, Chief Executive Officer
Digi Power X Inc.
www.digipowerx.com
Investor Relations: T: 888-474-9222 | Email: IR@digihostpower.comCautionary StatementTrading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release.Cautionary Note and Forward-Looking StatementsExcept for the statements of historical fact, this news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes the statements under "2027 Outlook" and other statements regarding goals, expectations and targets for the business of Digi Power X, including through USDC. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "goals,' "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking information is subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the Company's ability to maintain and obtain new customers; the Company's ability to fulfill its obligations pursuant to the Colocation Agreement; the Company's ability to execute its evolving business model and strategy, including as it relates to its expansion into the data center market; future capital needs and uncertainty regarding the Company's and USDC's ability to raise additional capital; costs associated with the development, manufacturing and deployment of AI infrastructure; global demand for AI computing infrastructure; further improvements to profitability and efficiency may not be realized; and other related risks, some of which are more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company's filings at www.sedarplus.ca and in the Company's annual, quarterly and current reports filed with the SEC. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Forward-looking information is not a guarantee of future performance, and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.SOURCE: Digi Power X Inc.View the original press release on ACCESS NewswireOriginal: Digi Power X Reports First Quarter 2026 Financial Results
US Market News
1月前
Digi Power X to Announce 2026 Q1 Financial Results and Provide Operations Update on May 15thMay 11, 2026 7:30 AM
ACCESS NewswireMIAMI, FL / ACCESS Newswire / May 11, 2026 / Digi Power X Inc. (Nasdaq:DGXX)(Cboe Canada:DGX) (the "Company" or "Digi Power X"), an AI data center infrastructure operator, plans to announce its financial results for the quarter ended March 31, 2026 (all amounts in U.S. dollars, unless otherwise indicated) on May 15, 2026 and will provide an update on its operations at that time.Additionally, the Company will host a conference call to discuss first-quarter 2026 results on May 15, 2026, at 8:30 AM ET. Digi Power X executives will review the Company's financial results for Q1 2026 and provide more updates on the Company's state. Results will be shared via media release and on the Company's website at www.digipowerx.com. The conference call and webinar will begin at 8:30 AM ET. The conference call can be accessed by dialing the numbers below, or guests can utilize the Call Me link.1-877-407-9039 or 1-201-689-8470.Call Me: https://callme.viavid.com/viavid/?callme=true&passcode=13750233&h=true&info=company&r=true&B=6About Digi Power XDigi Power X is an AI infrastructure company, operating a vertically integrated portfolio of power assets and data center capacity across Alabama, New York, and North Carolina, with approximately 400 MW of secured power across its sites. The Company's NeoCloudz platform delivers GPU-as-a-Service on dedicated, bare metal NVIDIA infrastructure. For more information, visit www.digipowerx.com.Investor RelationsFor further information, please contact:
Michel Amar, Chief Executive Officer
Digi Power X Inc.
www.digipowerx.comInvestor Relations: T: 888-474-9222 | Email: IR@digihostpower.comCautionary StatementTrading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsExcept for the statements of historical fact, this news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes statements regarding the Agreement, including expected TCV from the Agreement during its term, and goals, expectations and targets for the business of Digi Power X. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "goals,' "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking information is subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: changes to or modification of the Agreement in the future; future capital needs and uncertainty regarding the Company's ability to raise additional capital; costs associated with the development, manufacturing and deployment of AI infrastructure; construction execution risks and delays in long-lead equipment delivery; global demand for AI computing infrastructure; further improvements to profitability and efficiency may not be realized; and other related risks, some of which are more fully set out in the Company's annual report on Form 10-K for the year ended December 31, 2025 and other documents disclosed in the Company's filings at www.sedarplus.ca and in the Company's annual, quarterly and current reports filed with the SEC on its website, www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.SOURCE: Digi Power X Inc.View the original press release on ACCESS NewswireOriginal: Digi Power X to Announce 2026 Q1 Financial Results and Provide Operations Update on May 15th
US Market News
2月前
Digi Power X Announces Upsizing of At-the-Market Offering ProgramMay 8, 2026 5:00 PM
ACCESS NewswireMIAMI, FL / ACCESS Newswire / May 8, 2026 / Digi Power X Inc. (Nasdaq:DGXX)(Cboe Canada:DGX) (the "Company"), an AI data center infrastructure operator, today announced the upsizing by US$100 million of the previously announced "at-the-market" equity offering program (the "ATM Equity Program") established with A.G.P./Alliance Global Partners (the "Agent") pursuant to an amended and restated sales agreement dated April 9, 2026 (the "ATM Agreement").On May 8, 2026, the Company filed a prospectus supplement to increase the size of the ATM Equity Program pursuant to which the Company may offer and sell, from time to time through the Agent, subordinate voting shares of the Company ("SV Shares") having an aggregate offering price of up to US$175 million. Sales of SV Shares, if any, in the ATM Equity Program are anticipated to be made in transactions that are deemed to be "at the market offerings" as defined in Rule 415(a)(4) under the U.S. Securities Act of 1933, as amended, directly on the Nasdaq Capital Market or another trading market for the SV Shares in the United States at the market price prevailing at the time of each sale. No SV Shares will be offered or sold under the ATM Equity Program in Canada, to anyone known by the Agent to be a resident of Canada or over or through the facilities of Cboe Canada or any other exchange or market in Canada. The ATM Equity Program may be terminated by either party at any time.The Company intends to use the net proceeds of the ATM Equity Program, if any, primarily for general corporate purposes, including funding ongoing operations and/or working capital requirements, completing construction on the Company's Tier 3 data center facilities, repaying indebtedness outstanding from time to time, and completing potential acquisitions to expand power infrastructure capacity and build out its planned AI and HPC network.For additional information on the ATM Equity Program, please see the Company's press releases of May 30, 2025, November 18, 2025 and April 9, 2026.The prospectus supplement is available on the SEC's EDGAR website at www.sec.gov/EDGAR.This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction where the offer, sale or solicitation would be unlawful. The SV Shares referred to in this news release may not be offered or sold in the United States absent registration or an applicable exemption from registration.About Digi Power XDigi Power X is an AI infrastructure company, operating a vertically integrated portfolio of power assets and data center capacity across Alabama, New York, and North Carolina, with approximately 400 MW of secured power across its sites. The Company's NeoCloudz platform delivers GPU-as-a-Service on dedicated, bare metal NVIDIA infrastructure. For more information, visit www.digipowerx.com.Investor RelationsFor further information, please contact:Michel Amar, Chief Executive Officer
Digi Power X Inc.
www.digipowerx.comInvestor Relations: T: 888-474-9222 | Email: IR@digihostpower.comCautionary StatementTrading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsExcept for the statements of historical fact, this news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes statements regarding the business of the Company. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "goals,' "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking information is subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: future capital needs and uncertainty regarding the Company's ability to raise additional capital; costs associated with the development, manufacturing and deployment of AI infrastructure; global demand for AI computing infrastructure; further improvements to profitability and efficiency may not be realized; and other related risks, some of which are more fully set out in the Company's annual report on Form 10-K for the year ended December 31, 2025 and other documents disclosed in the Company's filings at www.sedarplus.ca and in the Company's annual, quarterly and current reports filed with the SEC on its website, www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.SOURCE: Digi Power X Inc.View the original press release on ACCESS NewswireOriginal: Digi Power X Announces Upsizing of At-the-Market Offering Program
US Market News
2月前
Digi Power X Signs AI Colocation Agreement with Leading AI Compute Company for 40 MW Data Center in Columbiana, AlabamaMay 5, 2026 7:30 AM
ACCESS NewswireMIAMI, FL / ACCESS Newswire / May 5, 2026 / Digi Power X Inc. (Nasdaq:DGXX)(Cboe Canada:DGX) (the "Company" or "Digi Power X"), an AI data center infrastructure operator, today announced the execution of a Master Services Agreement (the "Agreement") with Cerebras Systems (the "Customer") for the colocation of a purpose-built, 40 megawatt ("MW") AI data center campus located in Columbiana, Alabama (the "Facility").The initial 10-year term is valued at approximately $1.1 billion, with total potential contract value of up to $2.5 billion inclusive of renewal terms - underpinned by a structure that provides Digi Power X with long-term revenue visibility, and Cerebras with guaranteed data center capacity, from the first day of service.Digi Power X will develop and deliver the Facility in two phases: Phase 1 comprising 15 MW of IT load, followed by Phase 2 delivering an incremental 25 MW for a combined total of 40 MW. The Facility will be purpose-built to Tier III infrastructure standards optimized for the high-density thermal requirements of next-generation AI accelerator hardware.This Agreement reflects the deep commitment that both companies are making to the Columbiana campus - a facility designed from the ground up around the power density and reliability demands of frontier AI compute."This agreement is transformational for Digi Power X. Signing a $1.1 billion anchor contract with a premier AI compute company is validation of everything we have built - our team, our sites, our infrastructure capabilities, and our vision for what a next-generation data center operator looks like. We are no longer building toward the top tier of this industry. We are in it."- Michel Amar, Chairman & Chief Executive Officer, Digi Power X Inc.Immediate Construction & Accelerated DeploymentDigi Power X will commence construction immediately on Phase 1, reflecting the Company's readiness across power, site development and long-lead equipment procurement.Initial Deployment40MW critical IT loadConstruction StartImmediatePhase 1 Ready-for-ServiceTargeted December 15, 2026Full DeploymentTargeted by end of Q1 2027The Columbiana, Alabama campus was selected for its access to robust power infrastructure, a favorable regulatory environment, and proximity to major fiber corridors serving the southeastern United States. Digi Power X owns the underlying real property, providing a balance-sheet-backed development platform that differentiates the Company from lease-dependent competitors.The Company has already completed construction of the dedicated on-site substation serving Phase 1, with grid interconnection finalized and a power delivery agreement in place with Alabama Power - minimizing two of the most significant development risk factors typically associated with large-scale data center projects and positioning the Columbiana campus for an accelerated construction timeline.Digi Power X plans to commence site development immediately and targets Phase 1 Ready-for-Service in December 2026, with Phase 2 delivery to follow. Phase 1 construction is being self-funded by the Company, reflecting Digi Power X's financial commitment to the Columbiana campus and its confidence in the long-term value of this partnership."This deal is a statement. Closing a contract of this magnitude with one of the prominent emerging companies of the AI era signals Digi Power X is a serious player operating at the highest level. This is the kind of landmark transaction that we believe will open the door to additional sophisticated tenants, lenders, and partners."- Alec Amar, President, Digi Power X Inc."The buildout of high-density AI infrastructure is one of the defining challenges of our generation, on the scale of the rollout of 4G and 5G that transformed global connectivity. This agreement reflects Digi Power X's vision, the strength of its team, and its ability to execute as a foundational player. I'm proud to be part of what Digi Power X is building."- Hans Vestberg, Senior Advisor, Digi Power X Inc.; Former Chairman and CEO, Verizon Communications; Member, Board of Directors, BlackRockStrategic SignificanceThe Agreement is expected to be a core driver of Digi Power X's forward revenue growth.Revenue commencement: Expected late 2026.Full revenue ramp: Upon completion of full deployment, targeted in Q1 2027.Upside: Customer expansion option for an additional $1.4 billion.About Digi Power XDigi Power X is an AI infrastructure company, operating a vertically integrated portfolio of power assets and data center capacity across Alabama, New York, and North Carolina, with approximately 400 MW of secured power across its sites. The Company's NeoCloudz platform delivers GPU-as-a-Service on dedicated, bare metal NVIDIA infrastructure. For more information, visit www.digipowerx.com.Investor RelationsFor further information, please contact:
Michel Amar, Chief Executive Officer
Digi Power X Inc.
www.digipowerx.com
Investor Relations: T: 888-474-9222 | Email: IR@digihostpower.comCautionary StatementTrading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsExcept for the statements of historical fact, this news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes statements regarding the Agreement, including expected TCV from the Agreement during its term, and goals, expectations and targets for the business of Digi Power X. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "goals,' "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking information is subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: changes to or modification of the Agreement in the future; future capital needs and uncertainty regarding the Company's ability to raise additional capital; costs associated with the development, manufacturing and deployment of AI infrastructure; construction execution risks and delays in long-lead equipment delivery; global demand for AI computing infrastructure; further improvements to profitability and efficiency may not be realized; and other related risks, some of which are more fully set out in the Company's annual report on Form 10-K for the year ended December 31, 2025 and other documents disclosed in the Company's filings at www.sedarplus.ca and in the Company's annual, quarterly and current reports filed with the SEC on its website, www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.SOURCE: Digi Power X Inc.View the original press release on ACCESS NewswireOriginal: Digi Power X Signs AI Colocation Agreement with Leading AI Compute Company for 40 MW Data Center in Columbiana, Alabama
US Market News
2月前
Digi Power X Signs First AI Revenue Contract - $19.6 Million, 24-Month SubQ AI Agreement, Validating Operational Launch of AI FactoryApril 20, 2026 7:30 AM
ACCESS NewswireMIAMI, FL / ACCESS Newswire / April 20, 2026 / Digi Power X Inc. (Nasdaq:DGXX)(Cboe Canada:DGX) (the "Company" and "Digi Power X"), a Miami-based AI infrastructure operator, today announced that it has entered into a bare metal GPU rental agreement (the "Agreement") with SubQ AI ("SubQ"), a next-generation AI company. The 24-month contract carries an expected total contract value ("TCV") of approximately $19.6 million and becomes effective May 15, 2026.Under the term of the Agreement, Digi Power X will deliver exclusive, dedicated access to a fleet of the latest generation of NVIDIA Blackwell GPUs. These systems will be operated on a bare metal basis through NeoCloudz, Digi Power X's GPU-as-a-Service platform, at the Company's AI data center. The deployment follows NVIDIA reference architecture, and the facility is engineered to Rated 3 standards, with redundant utility feeds, N+1 UPS, and a CDU and chiller based two loop cooling architecture purpose built for high density accelerated compute.Key Commercial TermsAmounts in U.S. dollars (millions)Term24 months, commencing May 15, 2026GPU FleetLatest-generation NVIDIA Blackwell (192 GB HBM3e)Total Contract Value~$19.6 millionUpfront Payment~$2.95 million (15% of TCV)Management Statement"This agreement with SubQ AI represents a major milestone for Digi Power X - our first contracted AI revenue and the official commercial launch of our NeoCloudz bare metal GPU-as-a-Service platform. We've built scalable, vertically integrated infrastructure and we're moving at full speed. This deal is just the beginning. We intend to rapidly scale our relationship with SubQ AI and welcome additional high-growth AI customers onto our dedicated Blackwell fleet. We continue to advance discussions with additional hyperscale and frontier AI customers and expect to provide further operational updates in the coming weeks."- Alec Amar, President, Digi Power X Inc."This initial deployment is the first step in what we expect to be a much larger, long-term relationship with Digi Power X. said Justin Dangel, CEO of SubQ AI. Our roadmap calls for scaling to several thousand GPUs over the next few quarters as we advance our proprietary architecture, and the combination of NeoCloudz's bare metal platform, the newest NVIDIA Blackwell silicon, and Digi Power X's owned power and data center capacity gives us a credible runway to grow into that footprint with a single, trusted infrastructure partner."- Justin Dangel, Chief Executive Officer, SubQ AI"Bringing our first GPU cluster online moves Digi Power X from building infrastructure to generating AI revenue. We're evaluating a Silicon Valley presence to accelerate our AI infrastructure roadmap and hire senior AI engineers. This deployment is the foundation for scaling NeoCloudz into a leading GPU-as-a-Service platform."- Jagan Jeyapaul, Chief Technology Officer, Digi Power X Inc. Investor HighlightsFirst contracted AI revenue for Digi Power X. Marks operational commissioning of the Company's AI factory and concrete commercial validation of the Company's pivot to AI infrastructure.Contracted, multi-year revenue. ~$19.6 million TCV over a 24-month term, with a 15% non-refundable upfront payment (~$2.95 million).High-quality cash flow profile. Monthly invoicing payable Net-15.Anchor customer for NeoCloudz. First named, multi-year bare metal deployment on Digi Power X's NeoCloudz GPU-as-a-Service platform, validating the commercial thesis of dedicated GPU-as-a-Service.Growth optionality. Digi Power X has already secured 10 pods of infrastructure capacity - approximately 4,000 NVIDIA Blackwell B300 GPUs - representing up to ~$120 million of potential annualized revenue at full deployment and utilization. SubQ's publicly stated roadmap contemplates expansion to several thousand GPUs, aligned with Digi Power X's capacity ramp.Premium silicon. 100% latest-generation NVIDIA Blackwell GPUs with 192 GB HBM3e, on a high-speed InfiniBand / RoCE v2 fabric.Vertical integration. Deployment sits inside a Digi Power X-owned, Rated 3-engineered facility with redundant utility feeds - preserving margin through owned power and owned real estate.The Agreement is structured as a fully dedicated, non-virtualized bare metal deployment, giving SubQ root-level control and exclusive use of the contracted GPU fleet and the supporting high-speed InfiniBand/RoCE v2 fabric.About Digi Power XDigi Power X is a Miami-based AI infrastructure company, operating a vertically integrated portfolio of power assets and data center capacity across Alabama, New York, and North Carolina, with approximately 400 MW of secured power across its sites. The Company's NeoCloudz platform delivers GPU-as-a-Service on dedicated, bare metal NVIDIA infrastructure. For more information, visit www.digipowerx.com.About SubQ AISubQ AI is a next-generation artificial intelligence company developing proprietary architecture for scalable, efficient AI training and inference. For more information, visit www.subq.ai.Investor Relations
For further information, please contact:
Michel Amar, Chief Executive Officer
Digi Power X Inc.
www.digipowerx.com
Investor Relations: T: 888-474-9222 | Email: IR@digihostpower.com Cautionary StatementTrading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsExcept for the statements of historical fact, this news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes statements regarding the Agreement, including expected TCV from the Agreement during its term, and goals, expectations and targets for the business of Digi Power X. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "goals,' "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking information is subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: changes to or modification of the Agreement in the future, future capital needs and uncertainty regarding the Company's ability to raise additional capital; costs associated with the development, manufacturing and deployment of AI infrastructure; global demand for AI computing infrastructure; further improvements to profitability and efficiency may not be realized; and other related risks, some of which are more fully set out in the Company's annual report on Form 10-K for the year ended December 31, 2025 and other documents disclosed in the Company's filings at www.sedarplus.ca and in the Company's annual, quarterly and current reports filed with the SEC on its website, www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.SOURCE: Digi Power X Inc.View the original press release on ACCESS NewswireOriginal: Digi Power X Signs First AI Revenue Contract - $19.6 Million, 24-Month SubQ AI Agreement, Validating Operational Launch of AI Factory
US Market News
2月前
Digi Power X Enters into Amended and Restated Sales AgreementApril 9, 2026 5:15 PM
ACCESS NewswireMIAMI, FL / ACCESS Newswire / April 9, 2026 / Digi Power X Inc. (Nasdaq:DGXX)(CboeCanada:DGX) (the "Company"), an innovative energy infrastructure company pivoting into AI data centers and GPU-as-a-Service, announces that it has entered into an amended and restated sales agreement (the "ATM Agreement") with A.G.P./Alliance Global Partners (the "Agent").As described in the Company's press releases dated May 30, 2025 and November 18, 2025, the Company previously entered into a sales agreement dated May 30, 2025 with the Agent, pursuant to which the Company established an "at-the-market" equity offering program (the "ATM Equity Program"). Pursuant to the ATM Equity Program, the Company may, at its discretion and from time-to-time during the term of the ATM Agreement, sell, through or to the Agent, such number of subordinate voting shares of the Company ("SV Shares") having an aggregate offering price of up to US$75 million. Sales of SV Shares, if any, in the ATM Equity Program are anticipated to be made in transactions that are deemed to be "at the market offerings" as defined in Rule 415(a)(4) under the U.S. Securities Act of 1933, as amended, directly on the Nasdaq Capital Market or another trading market for the SV Shares in the United States at the market price prevailing at the time of each sale. No SV Shares will be offered or sold under the ATM Equity Program in Canada, to anyone known by the Agent to be a resident of Canada or over or through the facilities of Cboe Canada or any other exchange or market in Canada. The ATM Equity Program may be terminated by either party at any time.The Company intends to use the net proceeds of the ATM Equity Program, if any, primarily for general corporate purposes, including funding ongoing operations and/or working capital requirements, completing construction on the Company's Tier 3 data center facilities, repaying indebtedness outstanding from time to time, and completing potential acquisitions to expand power infrastructure capacity and build out its planned AI and HPC network.Since the SV Shares will be distributed at trading prices prevailing at the time of the sale, prices may vary between purchasers during the period of distribution. The volume and timing of sales, if any, will be determined at the sole discretion of the Company's management and in accordance with the terms of the ATM Agreement.Offers and sales of the SV Shares in the ATM Equity Program, if any, will be made pursuant to a prospectus supplement and accompanying prospectus, in each case, filed with the Company's U.S. shelf registration statement on Form S-3 initially filed with the United States Securities and Exchange Commission (the "SEC") on April 9, 2026. The registration statement, including the prospectus supplement and the accompanying prospectus, in each case, filed with the registration statement is available on the SEC's EDGAR website at www.sec.gov/EDGAR.This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction where the offer, sale or solicitation would be unlawful. The SV Shares referred to in this news release may not be offered or sold in the United States absent registration (including until the Company's registration statement on Form S-3 is declared effective by the SEC) or an applicable exemption from registration.About Digi Power XDigi Power X is an innovative energy infrastructure company developing AI data centers to drive the expansion of sustainable energy assets. Headquartered in Miami, Florida, the Company is executing a strategic transformation into AI infrastructure, GPU-as-a-Service, and modular data center deployment. With 400 megawatts of AI capacity targeted across Alabama, Upstate New York, and North Carolina, Digi Power X is positioning itself to become a leading independent AI infrastructure provider in North America. For more information, visit www.digipowerx.com.Investor RelationsFor further information, please contact:Michel Amar, Chief Executive Officer
Digi Power X Inc.
www.digipowerx.comInvestor Relations: T: 888-474-9222 | Email: IR@digihostpower.comCautionary StatementTrading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsExcept for the statements of historical fact, this news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes statements regarding the business of the Company. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "goals,' "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking information is subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: future capital needs and uncertainty regarding the Company's ability to raise additional capital; costs associated with the development, manufacturing and deployment of AI infrastructure; global demand for AI computing infrastructure; further improvements to profitability and efficiency may not be realized; and other related risks, some of which are more fully set out in the Company's annual report on Form 10-K for the year ended December 31, 2025 and other documents disclosed in the Company's filings at www.sedarplus.ca and in the Company's annual, quarterly and current reports filed with the SEC on its website, www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.SOURCE: Digi Power X Inc.View the original press release on ACCESS NewswireOriginal: Digi Power X Enters into Amended and Restated Sales Agreement
US Market News
3月前
Digi Power X Reports Fiscal Year 2025 Financial ResultsMarch 31, 2026 7:28 PM
ACCESS NewswireDigi Power X Completes Initial Pivot to AI Infrastructure: Zero Debt, $93M Liquid, 400MW Capacity PipelineThis news release constitutes a “designated news release” for the purposes of the Company’s amended and restated prospectus supplement dated November 18, 2025, to its short form base shelf prospectus dated May 15, 2025.MIAMI, FL / ACCESS Newswire / March 31, 2026 / Digi Power X Inc. (Nasdaq:DGXX)(Cboe Canada:DGX) (the "Company"), an innovative energy infrastructure company pivoting into AI data centers and GPU-as-a-Service, today announced its financial results for the fiscal year ended December 31, 2025 (all amounts in U.S. dollars, unless otherwise indicated). The Company's annual report on Form 10-K, which includes audited consolidated financial statements and management's discussion and analysis ("MD&A") for the year ended December 31, 2025, has been filed and made accessible under the Company's continuous disclosure profile on SEDAR+ at www.sedarplus.ca and is also available on EDGAR at www.sec.gov/edgar.The results underscore a transformational year in which the Company strengthened its balance sheet, commenced the ramping down of its cryptocurrency mining, and positioned itself as a capital-light, infrastructure-scale AI computing platform with a clear path to nine-figure annual revenues.Fiscal Year 2025 Financial HighlightsAmounts in U.S. dollars (millions)Key Metric FY 2025 FY 2024 YoY Change SignalCash & Cash Equivalents $78.5 $1.7 +4,507%* Fortress LiquidityTotal Assets $134.1 $34.3 +291%Strong Asset GrowthShareholders' Equity $123.3 $22.3 +453%Equity ExpansionTotal Debt $0.0 $0.2* Debt-Free * Zero LeverageDigital Currency Holdings** $14.8 $4.5 +227%Asset AppreciationColocation Revenue $17.5 $15.8 +11%Recurring RevenueEnergy Revenue $13.2 $4.6 +186%* TriplingTotal Revenue $34.2 $37.0 -8% (Intentional) Pivot in ProgressTotal Capital Expenditures $11.0 $3.8 +190%Infrastructure BuildWorking Capital $86.3 $(3.1) Turnaround * Liquidity Surge* FY 2024 Total Debt of $155 thousand; shown as $0.2M rounded.
** Digital Currency Holdings reflect fair market value at period end per the Gemini ExchangeCEO Statement"Twelve months ago, Digi Power X was a cryptocurrency mining company with $1.7 million in cash. Today, we have $78.5 million in cash, zero debt and a commissioned AI data center platform, and we expect to generate our first AI revenues following the completion of testing in April. We have the balance sheet to fund our initial growth and the infrastructure to scale it. With 400 megawatts of AI capacity targeted across Alabama, Upstate New York, and North Carolina, the platform is set. Digi Power X is a fundamentally different company than it was a year ago, and our results going forward will reflect that."- Michel Amar, Chairman & Chief Executive Officer, Digi Power X Inc.Strategic Transformation: From Crypto Mining to AI Infrastructure2025 marks the completion of the Company's most decisive corporate pivots in the digital infrastructure sector since its inception. Twelve months ago, Digi Power X derived a significant portion of its revenue from the self-mining of cryptocurrency- a capital-intensive, commodity-exposed business with limited margin visibility. Today, the Company is systematically dismantling that model and replacing it with a disciplined, infrastructure-scale AI platform built around three durable revenue streams: colocation services, GPU-as-a-Service, and energy.The transition is being executed without incurring any debt. The Company ended fiscal 2025 with zero debt, $78.5 million in cash, and $14.8 million in digital currency holdings (BTC and ETH at December 31, 2025 prices per the Gemini Exchange) - a combined liquidity position of $93 million. Shareholders' equity expanded 453% to $123.3 million from $22.3 million at the end of fiscal 2024, while total assets grew 291% to $134.1 million over the same period. This balance sheet strength is not incidental, it is the result of the Company's strategy, purposefully planned by the Company to fund its next phase of growth without reliance on dilutive equity offerings or high-cost debt.The planned wind-down of digital currency mining revenue - from $10.3 million in fiscal 2024 to $3.5 million in fiscal 2025 - was intentional and reflects deliberate capital reallocation toward higher-margin, recurring AI infrastructure revenues. Colocation revenue grew 11% to $17.5 million, and energy revenue rose 186% to $13.2 million. These are not legacy segments, they are the foundation upon which the Company's AI data center buildout is anchored.Competitive Differentiation & Strategic MoatsDigi Power X has established a set of structural advantages that the Company believes would be difficult and costly for others to replicate. These position the Company to capture AI infrastructure demand at scale while maintaining unit economics that are superior to those of conventional colocation and cloud competitors.1. FORTRESS BALANCE SHEET - ZERO DEBT, $93M IN LIQUID ASSETSIn a capital-intensive sector where AI data center operators frequently carry leverage ratios of 4×-6× EBITDA*, Digi Power X enters its growth phase with zero financial debt and $93 million in liquid assets. This fortress balance sheet enables the Company to: (i) commit to long-term customer contracts from a position of financial credibility; (ii) self-fund the initial capital expenditure program of $40 million in fiscal 2026; and (iii) move quickly on site acquisition and permitting without the friction of third-party lender approval. The Company's zero-debt status is a meaningful competitive moat at a time when interest costs and refinancing risk are top-of-mind for infrastructure investors.EBITDA is a non-GAAP financial measure presented as a supplement to GAAP results. See "Non-GAAP Financial Measures" below.2. HYDRO POWER - IMMEDIATELY AVAILABLEThe Company received regulatory approval for 60 megawatts of hydroelectric power capacity in Upstate New York, available for immediate deployment. Clean, low-cost, and highly reliable hydro power is among the most sought-after power sources for AI workloads, as hyperscalers and enterprise AI customers increasingly commit to sustainability mandates. Power is the primary gating constraint for AI data center expansion globally. Digi Power X's secured hydro allocation represents a scarce, non-replicable resource that provides both a cost advantage (materially below grid averages) and a commercial differentiation when competing for anchor tenants who prioritize green energy service level agreements.3. SELF-FINANCING GPU FLEET - CASH FLOW POSITIVE FROM DAY ONEDigi Power X's GPU fleet expansion is designed to be fully financed through customer deposits and equipment lease financing - meaning the Company expects to generate positive cash flow from the first day of GPU deployment. With a projected full return on investment within 30 months, and NeoCloudz GPU capacity priced at $3.50 per hour across 4,000 GPUs at approximately 98% utilization, the implied annual run-rate is approximately $120 million. This capital-efficient deployment model provides a structural advantage over competitors who rely on equity dilution or high-yield debt to finance GPU acquisitions.4. MULTI-SITE, MULTI-STATE FOOTPRINT - 400MW PIPELINE WITH APPROVED POWERWith sites in Alabama (70MW approved, 50+ acres), Upstate New York (60MW hydro approved), and North Carolina (40 acres, zoning approved), Digi Power X has assembled a geographically diversified AI infrastructure portfolio that spans the power-rich southeastern and northeastern United States. Each site has secured power approval - the single most critical and difficult-to-obtain prerequisite for AI data center development. With total power capacity available across of its sites of a 400-megawatt, this represents a substantial asset base that management is systematically activating.Key 2025 Accomplishments60MW Hydro Power - Upstate New York: Received regulatory approval for 60 megawatts of hydroelectric power capacity, available for immediate deployment - a scarce and coveted resource in the AI infrastructure market.North Carolina Expansion: Acquired an additional 20 acres in North Carolina, bringing total site acreage to 40 acres with zoning approved to advance AI data center development.Alabama Site - 50+ Acres, 70MW Approved: Contracted to acquire 33 additional acres adjacent to the Columbiana, Alabama property, bringing total site acreage to over 50 acres with full 70MW power capacity approved.US Data Centers, Inc. (USDC) - Established USDC with Digi Power X holding a majority equity stake as of December 31, 2025 and meaningful upside as USDC raises independent growth capital, without diluting DGXX shareholders.$11 Million Infrastructure Investment: Invested $11 million in AI infrastructure in 2025, including $6.6 million in Tier 3 AI project assets at Columbiana, Alabama - the operational foundation for the ARMS 200 platform and NeoCloudz GPU-as-a-Service revenues.Financial ReviewThe Company reported a GAAP net loss of $28.4 million; however, approximately $22.2 million of this figure is non-cash, comprising $8.0 million in share-based compensation, $7.0 million in depreciation, $4.1 million in digital currency revaluation charges, and $3.1 million in non-cash warrant liability fair value changes. On an adjusted basis, the Company reported Adjusted EBITDA of $(3.2) million for the full year 2025, with Q4 2025 Adjusted EBITDA remaining flat on a quarter over quarter basis - a meaningful metric which management views as a genuine inflection point given the investments in AI Infrastructure made to date as revenues begin to scale.Adjusted EBITDA - GAAP ReconciliationThe following table reconciles GAAP net loss to EBITDA and Adjusted EBITDA. Adjusted EBITDA is a non-GAAP financial measure presented as a supplement to GAAP results. See "Non-GAAP Financial Measures" below.Amounts in U.S. dollars (millions)Line Item FY 2025 ($M) Net Loss (GAAP) $(28.4)Add: Depreciation & Amortization 7.0 Add: Interest on Lease Liabilities 0.0 EBITDA $(21.4)Add: Share-based Compensation 8.0 Add: Foreign Exchange Loss 3.5 Add: Crypto Revaluation Loss 4.1 Add: Loss on Settlement of Debt 0.2 Add: Change in FV of Loans/Salaries 0.2 Add: Warrant FV Loss 3.1 Less: Investment FV Gain (0.6)Less: Gain on Sale of PP&E (0.3)Adjusted EBITDA - Full Year 2025 $(3.2)EBITDA and Adjusted EBITDA exclude share-based compensation, foreign exchange gains/losses, digital currency revaluation, changes in fair value of financial instruments, and capitalized AI infrastructure payroll costs. These non-GAAP measures are not substitutes for GAAP results.Financial OutlookDigi Power X expects to generate its first AI revenues as early as the end of April 2026, following completion of GPU testing currently underway at the Columbiana, Alabama facility. In parallel, the Company is in final discussions on a colocation agreement that, upon execution, would represent a significant milestone in the Company's transition to recurring, infrastructure-scale AI revenues. The Company has executed a non-binding letter of intent and the parties are currently engaged in the negotiation and legal review of proposed definitive documentation. The execution of a definitive agreement and the consummation of any transaction remain subject to, among other things, completion of due diligence, negotiation of final terms, and applicable regulatory requirements, and there can be no assurance that any such agreement will be reached.The Company's strategic goal for 2026 and 2027 is to activate 90 megawatts of colocation capacity and 10 megawatts of GPU-as-a-Service capacity - representing 100 megawatts of total live AI infrastructure across its multi-site portfolio.Upon full execution, the Company's projected annualized revenue run-rate would be as follows:GPU-as-a-Service (10MW / ~4,000 GPUs): Priced at $3.50 per GPU-hour under a year-to-year customer agreement, and operating at approximately 98% utilization, the GPU fleet is projected to generate approximately $120 million annualized.Colocation Services (90MW): At approximately $150 per kW per month under a long-term colocation agreement, 90 megawatts of capacity is projected to generate approximately $162 million annualized.Combined, these two segments represent a projected annualized run-rate of up to approximately $282 million upon full activation - a transformation the Company is actively executing on and expects to demonstrate in its reported results."With a zero-debt balance sheet, $93 million in liquid assets, and 100 megawatts of AI infrastructure capacity on the horizon, Digi Power X is at a genuine inflection point. We intend to demonstrate that in our results."- Michel Amar, Chairman & Chief Executive Officer, Digi Power X Inc.Financial PositionFor full context, Digi Power X provides the following financial summary as of the date of this news release:$78 million in cash and cash equivalents. Digi Power X holds a strong liquidity position in cash, Bitcoin, Ethereum and cash deposits (based on Bitcoin and Ethereum prices as of March 31, 2026 per CoinMarketCap), with zero debt outstanding.$17 million in capital expenditures year to date, fully funded from existing cash with no external financings in fiscal 2026.Zero share dilution from equity financings of Digi Power X in fiscal 2026. The Company has not issued any new shares in connection with an equity financing in the current fiscal year to date, emphasizing the Company's focus on minimizing shareholder dilution.Fully owned sites. The Company owns all 4 of its sites, including its combined cycle power plant, with a total of approximately 400MW of secured power capacity across its sites.Stock Option and RSU GrantThe Company also announces the grant of a total of 50,000 stock options (the "Stock Options") and 50,000 restricted share units (the "RSUs") to an officer of the Company in accordance with the Company's stock option plan and restricted share unit plan, respectively. Each Stock Option is exercisable for a subordinate voting share of the Company at a price of US$2.39 for a period of five years from the date of grant. The Stock Options vest fully on the date of grant and are subject to the terms and conditions of the Company's stock option plan and applicable securities laws. Each RSU entitles the holder to acquire one subordinate voting share of the Company on vesting. One third of the RSUs are scheduled to vest on the first anniversary of the grant date, and the remaining two-thirds of the RSUs will vest quarterly over the two years following such date.About Digi Power XDigi Power X is an innovative energy infrastructure company developing AI data centers to drive the expansion of sustainable energy assets. Headquartered in Miami, Florida, the Company is executing a strategic transformation into AI infrastructure, GPU-as-a-Service, and modular data center deployment. With 400 megawatts of AI capacity targeted across Alabama, Upstate New York, and North Carolina, Digi Power X is positioning itself to become a leading independent AI infrastructure provider in North America. For more information, visit www.digipowerx.com.Non-GAAP Financial MeasuresAdjusted EBITDA is a non-GAAP financial measure. The Company defines Adjusted EBITDA as net income (loss) before interest, taxes, depreciation and amortization, and further adjusted to exclude share-based compensation, foreign exchange gains/losses, digital currency revaluation, changes in fair value of financial instruments (including warrant liabilities), gain/loss on settlement of debt, and gains or losses on sale of property and equipment. Adjusted EBITDA should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. A full reconciliation is presented in this release.Investor RelationsFor further information, please contact:Michel Amar, Chief Executive Officer
Digi Power X Inc.
www.digipowerx.comInvestor Relations: T: 888-474-9222 | Email: IR@digihostpower.comCautionary StatementTrading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsExcept for the statements of historical fact, this news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes statements regarding goals, expectations and targets for the business of Digi Power X, including through USDC. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "goals,' "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking information is subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: future capital needs and uncertainty regarding the Company's and USDC's ability to raise additional capital; costs associated with the development, manufacturing and deployment of AI infrastructure; global demand for AI computing infrastructure; further improvements to profitability and efficiency may not be realized; and other related risks, some of which are more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company's filings at www.sedarplus.ca and in the Company's annual, quarterly and current reports filed with the SEC on its website, swww.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.SOURCE: Digi Power X Inc.View the original press release on ACCESS NewswireOriginal: Digi Power X Reports Fiscal Year 2025 Financial Results
US Market News
3月前
Digi Power X to Announce 2025 Year End Financial Results on March 31stMarch 23, 2026 7:30 AM
ACCESS NewswireThis news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated November 18, 2025, to its short form base shelf prospectus dated May 15, 2025.MIAMI, FL / ACCESS Newswire / March 23, 2026 / Digi Power X Inc. ("Digi Power X" or the "Company") (Nasdaq:DGXX)(Cboe Canada:DGX) plans to announce its financial results for the fourth quarter and year ended December 31, 2025 after markets close on March 31, 2026.In addition to its year end 2025 financial results, the Company will also provide an update on its operations at that time.About Digi Power XDigi Power X is an energy-efficient digital infrastructure company focused on the development of next-generation data centers and energy solutions designed to power the future of high-performance computing.For further information, please contact:Michel Amar, Chief Executive Officer
Digi Power X Inc.
www.digipowerx.com
Investor Relations: T: 888-474-9222 | Email: IR@digihostpower.comCautionary StatementTrading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsExcept for the statements of historical fact, this news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes statements regarding goals, expectations and targets for the business of USDC. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "goals,' "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking information is subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: future capital needs and uncertainty regarding ability to raise additional capital; costs associated with the development, manufacturing and deployment of AI infrastructure; global demand for AI computing infrastructure; further improvements to profitability and efficiency may not be realized; and other related risks, some of which are more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company's filings at www.sedarplus.ca and www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.SOURCE: Digi Power X Inc.View the original press release on ACCESS NewswireOriginal: Digi Power X to Announce 2025 Year End Financial Results on March 31st
US Market News
3月前
Digi Power X Provides Clarification on US Data Centers TransactionMarch 16, 2026 7:30 AM
ACCESS NewswireThis news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated November 18, 2025, to its short form base shelf prospectus dated May 15, 2025.MIAMI, FL / ACCESS Newswire / March 16, 2026 / Digi Power X Inc. ("Digi Power X" or the "Company") (Nasdaq:DGXX)(Cboe Canada:DGX) provides an update on its news release of March 13, 2026, regarding the launch of the next phase of development of US Data Centers, Inc. ("USDC"). This news release is intended to clarify USDC's corporate structure for shareholders, partners and other stakeholders of the Company. USDC's business is limited to the manufacturing and distribution of the ARMS system, a turnkey modular AI data center system. USDC does not own or operate Digi Power X data center sites and does not participate in site-level revenue. All revenue generated from Digi Power X-owned properties belongs 100% to Digi Power X. Digi Power X currently holds a 55% majority equity stake in USDC.USDC at a GlanceUS Data Centers, Inc. is an equipment manufacturing and distribution company focused exclusively on the ARMS - a turnkey modular AI data center system marketed to enterprises, utilities and developers with powered land. USDC does not own or operate any data center sites. Digi Power X currently holds a majority equity stake in USDC, while the co-founding management team, including Hans Vestberg, former Chief Executive Officer of Verizon Communications, holds approximately 35% in founder equity. Seed institutional investors hold the remaining equity.Complete Separation of Assets and RevenueDigi Power X confirms the following:All ARMS pods deployed at Digi Power X-owned sites, all GPUs within those sites and all related revenues - including colocation, managed services and contracted deployments - belong 100% to Digi Power X. USDC has no claim on any pod, GPU or site revenue.All Digi Power X assets, including its data center facilities, infrastructure, ARMS pods, GPUs, technology and proprietary systems, remain solely owned by Digi Power X.All pipeline contracts and strategic agreements in development remain entirely with Digi Power X.USDC's role is limited to the manufacturing and distribution of ARMS equipment. Upon sale to Digi Power X and deployment of ARMS pods at a Digi Power X site, the pods and all GPUs within them become the exclusive property of Digi Power X. USDC retains no ownership interest, profit participation or contractual claim on any Digi Power X pod, GPU, site, asset, revenue or business opportunity.Any future equipment Digi Power X purchases from USDC will be at cost.Introducing US Data Centers Inc.: A New Revenue OpportunityThe formation of USDC as an independent subsidiary was not a reactive measure. It was announced in February 2025 as a deliberate long-term strategy - to build USDC as a dedicated, standalone AI infrastructure platform. USDC serves enterprises, utilities and developers with powered land who need a fast, scalable path to AI compute infrastructure. USDC's business is selling the equipment - not owning or operating any sites itself.USDC will commercialize the ARMS modular data center system, a turnkey modular AI data center system that can convert a powered site into an operational AI data center in a fraction of the time required by conventional construction. USDC will manufacture and sell the ARMS system, while its customers will own and operate their own sites. All revenues from Digi Power X-owned deployments of its own ARMS systems belong exclusively to Digi Power X."Digi Power X is not sharing its business - it is expanding it. Every asset, every pod, every GPU and every dollar of revenue at our sites belongs entirely to Digi Power X.USDC is a separate engine built to capture a separate market. We own 55% of that engine, and it costs our shareholders nothing, with only upside for Digi Power X."- Michel Amar, Chairman & CEO, Digi Power X Inc.Digi Power X Continues to Execute on its Core MissionDigi Power X remains focused on its core business: developing, owning and operating data center facilities and delivering enterprise colocation and AI/GPU infrastructure services.USDC is not a change to Digi Power X's strategy. Rather it is an expansion into an adjacent market through a new product line supported by a dedicated team and separate capitalization path.Investor & Analyst Clarification: Transaction Structure Q&ADigi Power X addresses below the most commonly raised questions by investors and analysts about USDC's formation and structure.1. Why is USDC being developed as an independent company rather than an internal division of Digi Power X?Establishing USDC as a standalone entity was a deliberate choice designed to maximize value for Digi Power X shareholders. The rationale rests on five pillars:Dedicated Capitalization Without Parent DilutionUSDC can raise institutional capital at the subsidiary level without Digi Power X issuing additional shares. If USDC were an internal division, funding AI hardware growth would likely require parent-level equity financings.Focus and Execution: Keeping Manufacturing SeparateBuilding a scaled manufacturing and distribution organization requires distinct capabilities - supplier qualification, inventory management, QA/QC, logistics, warranty support and a specialized sales channel - that differ from developing and operating AI data center sites. Housing this function in USDC allows Digi Power X to remain capital- and execution-focused on site development and contracted GPU deployments, while USDC scales the ARMS product line with dedicated governance and a separate balance sheet. Importantly, Digi Power X purchases ARMS systems at cost and owns ARMS systems deployed at its sites, and USDC retains no ownership interest or participation in Digi Power X site-level revenue.Enterprise and Government Contracting RequirementsLarge enterprises, hyperscalers and U.S. federal agencies often require procurement through a dedicated standalone legal entity. USDC operates with its own legal identity, balance sheet and governance, supporting the institutional procurement relationships central to its revenue model.Talent Attraction Through Meaningful Co-Founder EquityHans Vestberg alone - as former CEO of one of the world's largest telecommunications companies - represents a relationship asset that could not be purchased at any price.Preserved Optionality for an Independent Liquidity EventAs an independent entity, USDC maintains the flexibility to pursue an IPO or strategic transaction in the future. Digi Power X's equity stake would be valued at market pricing in any such event, creating potential liquidity optionality for Digi Power X shareholders.2. Will the transaction impact Digi Power X's revenues?This is an important question for Digi Power X shareholders and the Company welcomes the opportunity to provide further clarification.USDC's Business is Completely Separate from that of Digi Power XThe formation of USDC as a standalone business will not impact the current revenue stream of Digi Power X. All revenues generated directly by Digi Power X remain the exclusive revenues of the Company, and USDC has no claim over any of them. USDC is strictly an additive, separate venture and any revenue generated by USDC through the manufacturing and distribution of AI infrastructure equipment is revenue that would otherwise not be generated by Digi Power X. Through the formation of USDC as a standalone venture, Digi Power X will receive the benefit of additional revenue from manufacturing and distribution of ARMS systems through its equity position in USDC.Digi Power X Financial Position and Near-Term MilestonesFor full context, Digi Power X provides the following financial summary as of the date of this news release:$80 million in cash and cash equivalents. Digi Power X holds a strong liquidity position in cash, Bitcoin, Ethereum and cash deposits (based on Bitcoin and Ethereum prices as of March 16, 2026 per CoinMarketCap), with zero debt outstanding.$15 million in capital expenditures year to date, fully funded from existing cash with no external financings in fiscal 2026.Zero share dilution from equity financings of Digi Power X in fiscal 2026. The Company has not issued any new shares in connection with an equity financing in the current fiscal year to date, emphasizing the Company's focus on minimizing shareholder dilution.Fully owned sites. The Company owns all 4 of its sites, including its combined cycle power plant, with a total of approximately 400MW of secured power capacity across its sites.ARMS200 Deployment. The Company's ARMS200 system in Alabama is currently in its commissioning phase, with go-live targeted for late March 2026 and first revenues currently expected in April 2026.SummaryDigi Power X is establishing USDC as an independent subsidiary to unlock dedicated capitalization, enterprise contracting capability, world-class co-founder talent and long-term liquidity optionality. All Digi Power X assets, revenue streams and planned initiatives remain exclusively owned by Digi Power X. USDC is an independent, additive venture with no claim on existing or planned Digi Power X revenue or assets.About Digi Power XDigi Power X is an energy-efficient digital infrastructure company focused on the development of next-generation data centers and energy solutions designed to power the future of high-performance computing.About US Data Centers, Inc.US Data Centers, Inc. is an equipment manufacturing and distribution company. Its sole product is the ARMS system, a turnkey modular AI data center system designed to convert powered land into operational AI compute infrastructure rapidly and at scale.For further information, please contact:
Michel Amar, Chief Executive Officer
Digi Power X Inc.
www.digipowerx.com
Investor Relations: T: 888-474-9222 | Email: IR@digihostpower.comCautionary StatementTrading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsExcept for the statements of historical fact, this news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes statements regarding goals, expectations and targets for the business of USDC. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "goals,' "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking information is subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: delivery of equipment and implementation of systems may not occur on the timelines anticipated by the Company or at all; future capital needs and uncertainty regarding USDC's ability to raise additional capital; reduction in the Company's economic interest in USDC resulting from expected further equity issuances by USDC; the Company's lack of voting control over USDC; revenue may not earned by USDC on the timelines anticipated, or at all; the ability of USDC to attract target customers; costs associated with the development, manufacturing and deployment of AI infrastructure; global demand for AI computing infrastructure; further improvements to profitability and efficiency may not be realized; and other related risks, some of which are more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company's filings at www.sedarplus.ca and www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.SOURCE: Digi Power X Inc.View the original press release on ACCESS NewswireOriginal: Digi Power X Provides Clarification on US Data Centers Transaction
US Market News
3月前
Hans Vestberg Co-Founds Next Phase of US Data Centers Inc. with Digi Power X to Deploy Modular AI Infrastructure at ScaleMarch 13, 2026 7:30 AM
ACCESS NewswireThis news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated November 18, 2025, to its short form base shelf prospectus dated May 15, 2025.MIAMI, FL / ACCESS Newswire / March 13, 2026 / Digi Power X Inc. ("Digi Power X" or the "Company") (Nasdaq:DGXX)(Cboe Canada:DGX) today announced the launch of the next phase of development of US Data Centers, Inc. ("USDC"), a dedicated AI infrastructure platform focused on the development, manufacturing and global deployment of modular Tier III AI data centers, through an independent, private raise of capital. This phase was co-founded with Hans Vestberg, former Chairman and Chief Executive Officer of Verizon Communications and current board member of BlackRock, who will serve as Co-Founder and Senior Advisor to USDC.This next phase of development is intended to establish USDC as a stand-alone and dedicated AI infrastructure manufacturing and deployment platform, while allowing Digi Power X to maintain a sharper focus on energy-optimized digital infrastructure operations.Under this structure:USDC will lead the manufacturing, distribution and global deployment of modular AI data center infrastructure.Digi Power X will continue developing and operating energy-efficient digital infrastructure assets, including power generation and high-performance compute facilities.This structure will position each company to capture growth across different sectors of the rapidly expanding AI infrastructure value chain, while allowing shareholders of the Company to participate in that growth through Digi Power X's equity stake in USDC.The ARMS™ Platform: Modular AI Infrastructure at ScaleAt the core of US Data Centers, Inc. is the ARMS™ (AI-Ready Modular Solution) platform - a proprietary modular data center system engineered for the rapid deployment of high-density AI computing infrastructure.The ARMS platform is purpose-built to solve one of the most pressing challenges facing the AI industry: the inability of traditional data center construction to keep pace with the accelerating demand for compute capacity. Where conventional facilities could require years to plan, permit and build, ARMS-based deployments can be commissioned in a fraction of that time.Each ARMS unit is a self-contained, Tier III-certified modular data center designed to support advanced GPU clusters for large-scale AI workloads, including machine learning training, inference, and generative AI applications. Units are designed for rapid scalability, allowing customers to expand compute capacity incrementally as demand grows. ARMS 200 system set up at Digi Power X's Alabama siteBusiness Model and Go-to-Market StrategyUSDC's goal is to generate revenue through multiple channels, including direct infrastructure manufacturing and deployment for enterprise and sovereign customers.Target customers include:Hyperscalers and cloud service providers requiring rapid capacity expansionEnterprise customers deploying private AI infrastructureSovereign AI initiatives requiring domestically controlled compute capacityColocation tenants seeking pre-built, high-density AI-ready facilitiesThe modular nature of the ARMS platform will allow USDC to serve customers across a wide range of deployment sizes, from single-unit installations to large-scale multi-megawatt campus deployments.In order to capitalize the entity and work towards achieving these goals, USDC issued shares of Preferred Stock in an initial capital raising transaction that ascribes a valuation to USDC of approximately US$10 million, including the issuance of 3,200,000 shares of Preferred Stock for a total of US$800,000. Digi Power X remains a majority shareholder of USDC, holding shares of Common Stock constituting more than 50% of USDC's equity.Addressing the Global AI Infrastructure GapThe rapid proliferation of artificial intelligence is creating unprecedented demand for high-performance computing infrastructure worldwide. Industry analysts estimate that global investment in AI infrastructure could reach hundreds of billions of dollars over the coming decade as enterprises, governments and cloud providers race to scale their AI capabilities.USDC is positioning itself to capture a share of this opportunity by offering a faster, more flexible alternative to traditional data center development - developing and producing Tier III-certified AI infrastructure that can be delivered at the speed the market demands.LeadershipMichel Amar, Chairman and CEO of Digi Power X, commented:"We are extremely excited to partner with Hans Vestberg in this next phase of US Data Centers, Inc. Hans brings unparalleled experience in global telecommunications infrastructure and technology leadership. His involvement will significantly strengthen USDC's ability to build a next-generation AI infrastructure platform designed to meet the growing global demand for AI compute."Hans Vestberg added:"The global demand for AI computing is accelerating at an unprecedented pace. It's a massive shift in the market. I see a clear opportunity for US Data Centers, Inc. to lead this space. By leveraging our scale and execution, we will build the next generation of infrastructure and create a truly world-class platform. I look forward to partnering with USDC leadership team to deliver on this vision and drive the business forward."Related Party TransactionCertain officers and directors of the Company (the "Insiders") were issued an aggregate of 10,200,000 shares of Common Stock in USDC in exchange for services. The participation by the Insiders is considered a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The Company is relying on an exemption from the formal valuation and minority shareholder approval requirements provided under MI 61-101 pursuant to section 5.5(a) and section 5.7(1)(a) of MI 61-101, on the basis that the participation by the Insiders does not exceed 25% of the fair market value of the Company's market capitalization. The Company did not file a material change report in respect of the participation by the Insiders at least 21 days before the closing of the transaction, which the Company believes is reasonable in the circumstances in order to complete the transaction in an expeditious manner.This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This news release shall not constitute an offer of securities for sale in the United States. The securities being offered by USDC have not been registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.About Digi Power XDigi Power X is an energy-efficient digital infrastructure company focused on the development of next-generation data centers and energy solutions designed to power the future of high-performance computing.About US Data Centers, Inc.US Data Centers, Inc. is an AI infrastructure company focused on the development, manufacturing, and deployment of modular Tier III AI data center platforms designed to support high-density AI computing workloads.For further information, please contact:Michel Amar, Chief Executive Officer
Digi Power X Inc.
www.digipowerx.com
Investor Relations: T: 888-474-9222 | Email: IR@digihostpower.comCautionary StatementTrading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsExcept for the statements of historical fact, this news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes statements regarding goals, expectations and targets for the business of USDC. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "goals,' "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking information is subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: delivery of equipment and implementation of systems may not occur on the timelines anticipated by the Company or at all; future capital needs and uncertainty regarding USDC's ability to raise additional capital; reduction in the Company's economic interest in USDC resulting from expected further equity issuances by USDC; the Company's lack of voting control over USDC; revenue may not earned by USDC on the timelines anticipated, or at all; the ability of USDC to attract target customers; costs associated with the development, manufacturing and deployment of AI infrastructure; global demand for AI computing infrastructure; further improvements to profitability and efficiency may not be realized; and other related risks, some of which are more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company's filings at www.sedarplus.ca and www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.SOURCE: Digi Power X Inc.View the original press release on ACCESS NewswireOriginal: Hans Vestberg Co-Founds Next Phase of US Data Centers Inc. with Digi Power X to Deploy Modular AI Infrastructure at Scale
US Market News
4月前
Digi Power X Announces ARMS 200 Commissioning and Timetable for Generating its First AI RevenuesMarch 2, 2026 7:30 AM
ACCESS NewswireThis news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated November 18, 2025, to its short form base shelf prospectus dated May 15, 2025.MIAMI, FL / ACCESS Newswire / March 2, 2026 / Digi Power X Inc. ("Digi Power X" or the "Company") (Nasdaq:DGXX)(Cboe Canada:DGX), a vertically integrated AI infrastructure company focused on the deployment of Tier 3 modular data centers powered by owned and controlled energy assets, today provided a comprehensive update on its financial position and the execution of its AI infrastructure strategy. All monetary references are expressed in U.S. dollars unless otherwise indicated.ARMS 200 Deployment: First System Going Live in March 2026ARMS 200 modular data center unit being positioned at the Alabama site ARMS 200 system set up at the Company's Alabama site Digi Power X continues to make significant strides in its transition from Bitcoin ("BTC") mining to AI infrastructure, targeting the rapidly growing Tier 3 data center market. The Company ceased its BTC mining operations during 2025 at its Alabama facility to transform it into a Tier 3 AI infrastructure hub, and is currently evaluating its existing facilities in New York for conversion of its existing power infrastructure assets into fully functional data centers.The Company has finalized production of its first ARMS 200 modular data center system at its Alabama site and expects to have it commissioned to provide live operations and customer workload GPUs by the third week of March 2026. Digi Power X anticipates full commissioning of the entire ARMS 200 system with the ability to generate GPU-as-a-Service rental AI income by the beginning of April 2026, with 10 megawatts ("MW") of pods to be operational at its Alabama facility by Q3 2026.The Company expects to begin generating its first AI-derived revenue in April 2026 through its GPU-as-a-Service platform. Based on current market pricing for server rentals and assuming near-capacity utilization rates, Digi Power X anticipates that revenues of approximately $15 million per MW deployed can be generated. With 10 MW of capacity targeted for deployment by Q3 2026, the Company believes it will be well-positioned for a significant and scalable revenue base as additional capacity comes online across its Alabama and New York sites.In addition, the production of five additional ARMS 200 units has been completed for deployment at the Company's North Tonawanda, New York location and will be commissioned at the site, anticipated by the end of Q2 2026.Anticipated ARMS 200 Deployment TimelineMilestoneLocationTarget DateFirst ARMS 200 Live OperationsAlabamaMarch 2026 (3rd week)Full ARMS 200 Commissioning / GPU-as-a-Service RevenueAlabamaApril 202610 MW Pod DeploymentAlabamaQ3 20265 Additional ARMS 200 CommissionedNorth Tonawanda, NYQ2 2026Financial Liquidity & 2026 Capital PlanDigi Power X held cash, Bitcoin ("BTC"), Ethereum ("ETH"), and cash deposits of approximately $80 million as of February 27, 2026.Liquidity Breakdown (as of February 27, 2026)CategoryMarket ValueCash Available~$62 millionBTC & ETH Holdings~$12 millionCash Deposits~$6 millionTotal Liquidity~$80 millionBased on BTC price of $66,000 and ETH price of $2,000 as of February 28, 2026, per CoinMarketCap.2026 Capital Deployment PlanInvestmentAmountInfrastructure CapEx Spent YTD (through Feb 28, 2026)~$13.1 millionExpected Total CapEx by End of Q3 2026~$33.1 millionGPU-as-a-Service Revenue PotentialMetricProjectionExpected Annualized Revenue per MW (for full year of deployment)~$15 millionFirst AI Revenue Anticipated to be GeneratedApril 2026Target Deployment by Q3 202610 MWAnnualized Revenue Potential at 10 MW (full year of deployment)~$150 millionThe Company believes it current liquidity positions it to be able to carry out the rollout of its 2026 AI infrastructure development plan, which includes the planned deployment of high-efficiency Tier 3 AI data centers and expansion of the Company's power capacity across multiple U.S. sites. The Company has invested approximately $13.1 million in infrastructure asset purchases year to date, with an additional approximately $20 million forecasted by the end of Q3 2026, to continue its infrastructure expansion and launch its GPU-as-a-Service vertical.The Company remains debt-free, a significant advantage in the capital-intensive AI infrastructure sector. Digi Power X's financial discipline and strategic execution have allowed it to minimize interest rate risks, and the Company remains committed to self-funding and maintaining a clean balance sheet, underscoring its dedication to long-term growth while minimizing equity dilution for shareholders.Energy CurtailmentDuring January and February 2026, the Company elected to actively participate in load curtailment due to high energy costs associated with weather conditions across its locations. By contributing to these load reduction programs, the Company provided crucial grid reliability to surrounding electric consumers.LOI for Strategic Partnership With 1.3 GW Power PlantOn January 7, 2026, the Company announced that it had entered into a non-binding letter of intent (the "LOI") with Omnis Pleasants LLC, owner of the Pleasants Power Station, a 1.3 gigawatt ("GW") power generation facility located in West Virginia, to pursue a strategic partnership supporting large-scale AI and high-performance computing infrastructure.Pursuant to the terms of the LOI, the parties intend to conduct a comprehensive load and interconnection study of up to 1.3 GW, evaluating long-term power availability and grid connectivity for energy-intensive computing applications.The proposed strategic partnership also contemplates a long-term lease of up to 200 acres of land to enable Digi Power X to deploy AI and advanced computing infrastructure utilizing its proprietary ARMS modular Tier III data center platform.Digi Power X has extended its due diligence efforts for an additional 120 days and will provide further updates as they occur.Addition of Hans Vestberg, Former Verizon Chairman and CEO, as Senior AdvisorThe Company recently announced that Hans Vestberg, former Chairman and Chief Executive Officer of Verizon Communications, has joined the Company as a senior advisor serving on its Advisory Board to support the Company's expansion strategy.To date, Mr. Vestberg has worked extensively with Digi Power X's executive team on:AI infrastructure deployment strategy and scaling frameworks;Distributed and edge-compute architectures for inference-driven workloads;Strategic partnerships with hyperscalers, enterprises, and infrastructure stakeholders;Power optimization and energy-efficient data center design;Tier 3 redundancy and mission-critical reliability standards; andInternational expansion strategy and site prioritization.Cboe Canada UplistingThe Company is pleased to announce that it uplisted to Cboe Canada effective at market open on February 27, 2026. Following the uplisting from the TSX Venture Exchange to Cboe Canada, the Company's subordinate voting shares continue to trade under the symbol "DGX" on Cboe Canada, and the shares continue to be listed on Nasdaq and trade under the symbol "DGXX." The Company remains a "reporting issuer" under applicable Canadian securities laws following the transition.By listing on Cboe Canada, Digi Power X connects its forward-looking infrastructure strategy with a Tier 1 stock exchange known for supporting emerging sectors and enhancing capital formation.About Digi Power XDigi Power X is an energy infrastructure company that develops Tier 3-certified modular AI data centers and drives the expansion of sustainable energy assets.For further information, please contact:
Michel Amar, Chief Executive Officer
Digi Power X Inc.
www.digipowerx.comInvestor Relations: T: 888-474-9222 | Email: IR@digihostpower.comCautionary StatementTrading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsExcept for the statements of historical fact, this news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes information about the Company's expectations concerning the potential further improvements to profitability and efficiency across the Company's operations, including, as a result of the Company's expansion efforts, potential for the Company's long-term growth and clean energy strategy, and the business goals and objectives of the Company. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: delivery of equipment and implementation of systems may not occur on the timelines anticipated by the Company or at all; future capital needs and uncertainty of additional financing; share dilution resulting from equity issuances; realization of GPU-as-a-Service revenue may not occur on the timelines anticipated by the Company, or at all; development of additional facilities and installation of infrastructure to expand operations may not be completed on the timelines anticipated by the Company, or at all; ability to access additional power from the local power grid and realize the potential of the clean energy strategy on terms which are economic or at all; a decrease in cryptocurrency pricing, volume of transaction activity or generally, the profitability of cryptocurrency mining; further improvements to profitability and efficiency may not be realized; ability to access additional power from the local power grid; an increase in natural gas prices may negatively affect the profitability of the Company's power plant; the digital currency market; the Company's ability to successfully mine digital currency on the cloud; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company's operations; the volatility of digital currency prices; and other related risks as more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company's filings at www.sedarplus.ca and www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about, among other things, the current profitability in mining cryptocurrency (including pricing and volume of current transaction activity); profitable use of the Company's assets going forward; the Company's ability to profitably liquidate its digital currency inventory as required; historical prices of digital currencies and the ability of the Company to mine digital currencies on the cloud will be consistent with historical prices; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the negative impact of regulatory changes in the energy regimes in the jurisdictions in which the Company operates; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.SOURCE: Digi Power X Inc.View the original press release on ACCESS NewswireOriginal: Digi Power X Announces ARMS 200 Commissioning and Timetable for Generating its First AI Revenues
US Market News
4月前
DigiPower X Announces Closing of SettlementFebruary 20, 2026 5:15 PM
ACCESS NewswireThis news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated November 18, 2025, to its short form base shelf prospectus dated May 15, 2025.MIAMI, FL / ACCESS Newswire / February 20, 2026 / DigiPower X Inc. ("Digipower X" or the "Company") (Nasdaq:DGXX)(TSXV:DGX), a vertically integrated AI infrastructure company focused on the deployment of Tier-3 modular data centers powered by owned and controlled energy assets, announces that its settlement, previously announced on January 9, 2026 (the "Settlement"), has closed. The Settlement received final approval by the TSX Venture Exchange on February 17, 2026. In connection with the Settlement, the Company issued a warrant exercisable for up to an aggregate of 269,231 of the Company's subordinate voting shares at a price of US$2.85 per share for a period of five years from the date of issuance.Stock Option GrantThe Company also announces the grant of a total of 200,000 stock options (the "Stock Options") to certain directors of the Company in accordance with the Company's stock option plan (the "Plan"). A total of 100,000 Stock Options are exercisable into subordinate voting shares of the Company at a price of US$2.60 per share and 100,000 Stock Options are exercisable into subordinate voting shares of the Company at a price of US$6.00 per share, with an expiry of January 30, 2031. The Stock Options vest fully on the date of grant and are subject to the terms and conditions of the Plan and the policies of the TSX Venture Exchange.About DigiPower XDigiPower X is an innovative energy infrastructure company that develops Tier III-certified modular AI data centers and drives the expansion of sustainable energy assets.For further information, please contact:Michel Amar, Chief Executive Officer
DigiPower X Inc.
www.digipowerx.comInvestor Relations
T: 888-474-9222
Email: IR@digihostpower.comCautionary StatementTrading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsExcept for the statements of historical fact, this news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes information about the Company's expectations concerning the potential contributions by our new advisor to the Company's strategic efforts, the potential further improvements to profitability and efficiency across the Company's operations, including, as a result of the Company's expansion efforts, potential for the Company's long-term growth and clean energy strategy, and the business goals and objectives of the Company. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: delivery of equipment and implementation of systems may not occur on the timelines anticipated by the Company or at all; future capital needs and uncertainty of additional financing; share dilution resulting from equity issuances; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; statements regarding the timing, scale and expansion of AI and high-performance computing infrastructure; changes in demand for AI and high-performance computing; future data center capacity may not be realized at the level anticipated by the Company, or at all; development of additional facilities and installation of infrastructure to expand operations may not be completed on the timelines anticipated by the Company, or at all; ability to access additional power from the local power grid; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company's operations; the volatility of digital currency prices; and other related risks as more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company's filings at www.sedarplus.ca and www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about, among other things, profitable use of the Company's assets going forward; the demand for data center capacity for AI and high-performance computing; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.SOURCE: DigiPower X Inc.View the original press release on ACCESS NewswireOriginal: DigiPower X Announces Closing of Settlement
US Market News
5月前
Hans Vestberg, Former Verizon Chairman and CEO, Joins Digipower X As Senior AdvisorFebruary 2, 2026 7:30 AM
ACCESS NewswireThis news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated November 18, 2025, to its short form base shelf prospectus dated May 15, 2025.MIAMI, FL / ACCESS Newswire / February 2, 2026 / Digi Power X Inc. ("Digipower X" or the "Company") (Nasdaq:DGXX)(TSXV:DGX), a vertically integrated AI infrastructure company focused on the deployment of Tier-3 modular data centers powered by owned and controlled energy assets, today announced that Hans Vestberg, former Chairman and Chief Executive Officer of Verizon Communications, has joined the Company as a senior advisor serving on its Advisory Board to support the Company's expansion strategy.Mr. Vestberg brings more than three decades of global leadership in mission-critical infrastructure, telecommunications networks, and large-scale capital deployment. He is widely recognized for leading Verizon's first commercial 5G deployment in 2018 and for advancing nationwide fiber, mobile edge computing, and next-generation network architectures. Prior to Verizon, Mr. Vestberg spent nearly three decades at Ericsson, including almost seven years as its Chief Executive Officer, where he helped build and operate global infrastructure facilitating approximately 35% of worldwide mobile traffic.Mr. Vestberg's appointment comes at a time when AI adoption is increasingly constrained, not by software or silicon, but by power availability, cooling capacity, and deployment speed. Digipower X is working on addressing this challenge through the deployment of the AI-Ready Modular Solution (ARMS) platform, designed to deliver Tier-3 modular AI data centers within approximately 180 days, supported by a vertically integrated power strategy and a growing portfolio of large-scale energy assets."Hans Vestberg built and scaled the physical infrastructure that helped enable the fiber, mobile, and 5G revolutions," said Michel Amar, Chairman and Chief Executive Officer of Digipower X. "He understands what most of the market overlooks: AI's bottleneck isn't algorithms or chips, it's power, cooling, and deployment speed. Hans knows how to execute infrastructure transformation at a national and global scale, and we expect his guidance will be invaluable as we expand our modular AI data center footprint.""I've spent over 30 years building the networks that move data," said Mr. Vestberg. "The next decade is about building the infrastructure that processes it. Digipower X is more than just a data center company. It controls its power, is developing the ability to deploy Tier-3 infrastructure in the near term, and is building a modular platform to address the exact constraints holding back large-scale AI deployment. Its focus on power availability and deployment speed first, real estate second, is exactly the right approach."Infrastructure Experience Aligned with AI ScaleDuring his tenure at Ericsson (2010-2016), Mr. Vestberg led more than 115,000 employees worldwide and positioned the company at the forefront of next-generation wireless technologies. At Verizon (2018-2025), he reshaped the organization around a network-first strategy, oversaw major investments in spectrum and fiber, and advanced distributed edge-compute capabilities to enable data-intensive and latency-sensitive applications.Mr. Vestberg insightfully noted at Davos 2024 that "one of the most important infrastructures of this century is digital infrastructure," and that AI workloads will increasingly migrate from centralized hyperscale facilities toward distributed locations supporting real-time inference and enterprise demand.Mr. Vestberg currently serves as a board member of BlackRock and Verizon.Addressing the Power and Deployment Constraint in AI InfrastructureDigipower X operates a combined-cycle power plant and three additional operating sites, with more than 200 megawatts of power currently online. The Company has secured development capacity to support AI infrastructure expansion over the next three years, with the ability to develop up to an additional 1.5 gigawatts of power capacity, including at major sites in North Carolina and West Virginia.In West Virginia, Digipower X has entered into a letter of intent relating to a 1.3-gigawatt power plant, which is being evaluated as a long-term site for AI data center and advanced computing infrastructure deployment."Hans recognizes that national AI competitiveness depends on solving power availability and deployment speed," said Gerard Rotonda, Board Member of Digipower X and former CFO of Deutsche Bank Wealth & Asset Management Americas. "His experience aligns directly with Digipower X's mission to deliver infrastructure at the scale and speed this market now requires."Vestberg's Strategic FocusIn his advisory role, Mr. Vestberg will work closely with Digipower X's executive team on:AI infrastructure deployment strategy and scaling frameworks;Distributed and edge-compute architectures for inference-driven workloads;Strategic partnerships with hyperscalers, enterprises, and infrastructure stakeholders;Power optimization and energy-efficient data center design;Tier-3 redundancy and mission-critical reliability standards; andInternational expansion strategy and site prioritization.About Digipower XDigipower X is an innovative energy infrastructure company that develops Tier III-certified modular AI data centers and drives the expansion of sustainable energy assets.For further information, please contact:Michel Amar, Chief Executive Officer
Digipower X Inc.
www.digipowerx.comInvestor Relations
T: 888-474-9222
Email: IR@digihostpower.comCautionary StatementTrading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsExcept for the statements of historical fact, this news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes information about the Company's expectations concerning the potential contributions by our new advisor to the Company's strategic efforts, the potential further improvements to profitability and efficiency across the Company's operations, including, as a result of the Company's expansion efforts, potential for the Company's long-term growth and clean energy strategy, and the business goals and objectives of the Company. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: delivery of equipment and implementation of systems may not occur on the timelines anticipated by the Company or at all; future capital needs and uncertainty of additional financing; share dilution resulting from equity issuances; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; statements regarding the timing, scale and expansion of AI and high-performance computing infrastructure; changes in demand for AI and high-performance computing; future data center capacity may not be realized at the level anticipated by the Company, or at all; development of additional facilities and installation of infrastructure to expand operations may not be completed on the timelines anticipated by the Company, or at all; ability to access additional power from the local power grid; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company's operations; the volatility of digital currency prices; and other related risks as more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company's filings at www.sedarplus.ca and www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about, among other things, profitable use of the Company's assets going forward; the demand for data center capacity for AI and high-performance computing; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.SOURCE: Digi Power X Inc.View the original press release on ACCESS NewswireOriginal: Hans Vestberg, Former Verizon Chairman and CEO, Joins Digipower X As Senior Advisor
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