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Digi Power X Subsidiary, US Data Centers Inc., Files Provisional Patent for ARMS 200 Modular AI Data Center Platform
Globenewswire· 2025-07-28 11:30
Core Viewpoint - Digi Power X Inc. has filed a provisional utility patent application for its ARMS 200 platform, which is a modular data center solution optimized for AI applications [1][4] Group 1: Product Development - The ARMS 200 is a Tier 3-certified modular data center platform capable of delivering 1 megawatt of compute capacity and supporting up to 256 NVIDIA GPUs [2] - The company plans to scale the ARMS 200 platform to 40 MW of critical power at its Alabama site, supporting approximately 10,240 NVIDIA GPUs [3] - The ARMS 200 platform integrates advanced features such as liquid cooling and dual-path power redundancy, developed in collaboration with Super Micro Computer, Inc. [3] Group 2: Strategic Partnerships - The partnership with Supermicro is crucial for the development and deployment of the ARMS 200 platform, with initial deployment scheduled for the fourth quarter of 2025 [4] - The company has placed a purchase order with Supermicro for NVIDIA B200-powered systems to support the ARMS 200 platform [4] Group 3: Financial Position - As of July 28, 2025, Digi Power X holds over $30 million in cash and cash equivalents with no long-term debt, positioning the company for growth [6]
Digi Power X Announces Closing of $15 Million Registered Direct Offering of Common Stock
GlobeNewswire News Room· 2025-07-23 21:00
Core Viewpoint - Digi Power X Inc. successfully closed a registered direct offering of 4,807,693 shares at a price of U.S.$3.12 per share, raising approximately U.S.$15 million, which strengthens its financial position with over U.S.$30 million in cash and no long-term debt [2][3][9] Financial Highlights - The offering generated gross proceeds of approximately U.S.$15 million before deducting fees and expenses [2][4] - Post-offering, the company holds over U.S.$30 million in cash and cash equivalents with zero long-term debt [3][8][9] Offering Details - The offering was made to a single new fundamental institutional investor, indicating growing interest in the company's scalable AI infrastructure strategy [3][9] - Titan Partners Group acted as the sole placement agent, receiving a 7% cash commission and purchase warrants [4][9] Strategic Use of Proceeds - Proceeds from the offering will be used to expand the deployment of NeoCloud Tier 3 AI infrastructure, accelerate manufacturing and global distribution of ARMS 200 pods, and support strategic joint ventures and energy deployments [9]
Digi Power X Announces $15 Million Registered Direct Offering of Common Stock
Globenewswire· 2025-07-21 11:29
Core Viewpoint - Digi Power X Inc. has successfully entered into a securities purchase agreement for the sale of 4,807,693 shares at an offering price of U.S.$3.12 per share, resulting in gross proceeds of approximately U.S.$15 million, which will enhance its financial position and support its growth strategy in AI and digital infrastructure [2][3][9]. Financial Highlights - The offering is expected to close on or about July 22, 2025, subject to regulatory approval [4]. - Post-offering, the company will have over U.S.$30 million in cash and cash equivalents, with no long-term debt [3][9]. - The financing is aimed at solidifying the company's capital position as it transitions from deployment to monetization [4]. Strategic Initiatives - The funds will be utilized to expand the deployment of NeoCloud Tier 3 AI infrastructure powered by NVIDIA B200 and B300 chips [9]. - The company plans to accelerate the manufacturing and global distribution of its ARMS 200 pods [9]. - The financing will support strategic joint ventures and PPA-backed energy deployments, as well as non-dilutive financing initiatives [9]. Market Position - The offering reflects a growing interest in the company's scalable AI infrastructure strategy, particularly its proprietary ARMS 200 Tier 3 modular data center platform and NeoCloud GPU-as-a-Service infrastructure [3][9]. - Titan Partners Group is acting as the sole placement agent for this offering [4].
Digi Power X Acquires Supermicro NVIDIA B200 Systems to Launch Tier 3 NeoCloud AI Infrastructure
Globenewswire· 2025-07-17 11:30
Core Viewpoint - Digi Power X Inc. has executed a purchase order with Super Micro Computer, Inc. to supply NVIDIA B200-powered systems for the launch of its NeoCloud AI infrastructure platform, marking a significant step towards revenue generation in the AI sector [1][3]. Group 1: Company Developments - The Supermicro systems will be deployed in Digi Power X's ARMS 200 pods, with the first deployment scheduled for the Alabama site in Q4 2025 [2]. - The company aims to generate substantial recurring revenue through high-performance GPU cloud rentals, with each megawatt of Tier 3 AI infrastructure expected to contribute significantly [3]. - Digi Power X is advancing the design of the ARMS 300 platform, targeting a total of 55 megawatts of Tier 3 AI infrastructure by 2026-2027 [4]. Group 2: Financial Strategy - The company plans to finance its growth through non-dilutive debt, leveraging platform-driven AI compute revenue to ensure predictable cash flow and strong margins while retaining full equity for shareholders [4]. - The business model is designed for a sub-three-year payback period, indicating a focus on financial efficiency and shareholder value [4]. Group 3: Market Positioning - Digi Power X is positioning itself as a first mover in the AI infrastructure market, aiming to deploy and monetize NVIDIA's Blackwell architecture at cloud scale [5]. - Following the Alabama deployment, additional ARMS 200 systems are planned for Upstate New York, indicating a strategic expansion of operations [5]. Group 4: Company Overview - Digi Power X is a vertically integrated AI and energy infrastructure company that designs and deploys modular Tier 3 data centers and offers enterprise-grade GPU compute through its NeoCloud portal [6].
Digi Power X Announces Proposed Shares for Debt Settlement with NANO Nuclear Energy
Globenewswire· 2025-07-03 11:30
Group 1 - Digi Power X Inc. has entered into a debt settlement agreement with NANO Nuclear Energy Inc., issuing 109,677 subordinate voting shares at a deemed price of C$3.10 per share to settle US$250,000 in accrued liabilities [1] - The settlement is expected to help Digi Power X preserve cash and support its AI and energy infrastructure initiatives [1] - The settlement is subject to regulatory approvals, including from the TSX Venture Exchange [1] Group 2 - The strategic consultation with NANO Nuclear regarding a feasibility study on small modular reactor (SMR) technology for Digi Power X's data centers is ongoing [2] - The study aims to assess the viability of SMR technology as a stable, clean, and long-term power source for the company's AI data center operations [2] - Results from the feasibility study will be reviewed in collaboration with NANO Nuclear upon completion [2] Group 3 - Digi Power X is focused on developing data centers to expand sustainable energy assets [3]
Digi Power X Reports 45% Month-Over-Month Increase in Cash and Crypto Position with no Long-Term Debt and Reports June 2025 Production Results
Globenewswire· 2025-07-01 11:30
Core Insights - Digi Power X Inc. reported unaudited comparative Bitcoin production results for Q2 2025 and June 2025, highlighting significant operational updates and financial performance [1][2][3] Production Highlights - The value of coins produced at the Company's facilities was approximately $12.4 million in Q2 2025, based on a Bitcoin price of $107,750 as of June 30, 2025 [7] - Miners produced approximately 94 BTC during the quarter, valued at about $10.1 million [7] - The Company earned gross energy and power revenue of approximately $2.3 million for the three-month period ended June 30, 2025 [7] Financial Position - As of June 30, 2025, the Company held cash, BTC, and cash deposits of approximately $13.5 million, a 45% increase from $9.3 million on May 31, 2025 [7] - Year-over-year, the total cash and crypto position increased by approximately 90% compared to June 30, 2024 [7] - The Company invested approximately $3.5 million year-to-date in capital expenditures and mining infrastructure support equipment [7] Strategic Partnerships - The Company launched a partnership with Super Micro Computer, Inc. to build AI data center systems powered by NVIDIA's B200 GPUs at its Alabama facility [4][5] - The first deployment will be a high-performance AI compute cluster using Super Micro's liquid-cooled server infrastructure, aimed at demonstrating the Company's capabilities [5] Operations Update - Digi Power X currently operates with approximately 100MW of available power across three sites and plans to expand capacity to 200MW and beyond [10] - The growth strategy includes leveraging existing assets and pursuing targeted acquisitions [10] Industry Positioning - As AI infrastructure experiences growth due to demand for training and enterprise deployment, Digi Power X aims to position itself as a preferred provider for modular, energy-backed AI infrastructure [6]
Digi Power X Issues Letter to Shareholders
Globenewswire· 2025-06-10 11:30
Core Viewpoint - Digi Power X Inc. is positioning itself as a leader in the convergence of AI infrastructure and sustainable power, highlighting recent progress and future plans for growth [2][7]. Company Transformation - The company has transitioned from Digihost Technology Inc. to Digi Power X Inc., reflecting a strategic shift towards a broader energy and AI infrastructure platform [3]. Strategic Partnerships - A significant development is the partnership with Super Micro Computer, Inc. to build AI data center systems powered by NVIDIA's B200 GPUs at the Alabama facility [4]. AI Infrastructure Development - The ARMS 200, a flagship modular unit, is nearing installation at the Tier 3 data center in Alabama, serving as a demonstration of the company's capabilities in delivering compute infrastructure [6]. Market Opportunity - The demand for AI infrastructure is growing, and Digi Power X aims to be a preferred provider of modular, energy-backed AI infrastructure, emphasizing speed, control, and cost-efficiency [7]. Financial Performance - The company reported a year-over-year revenue growth, with a 64.5% increase in revenue in Q1 2025 compared to the previous fiscal quarter, supported by strong performance in energy and infrastructure segments [8][9]. Future Plans - The company plans to launch the first ARMS 200 unit, scale additional units, and build upon its relationship with Super Micro to support broader system configurations [10][13].
Digi Power X Announces Grant of Stock Options
Globenewswire· 2025-06-06 21:05
Core Viewpoint - Digi Power X Inc. has granted 1,145,000 stock options to its officers, directors, management, key consultants, and employees, which are exercisable at a price of C$2.09 for five years, fully vesting on the grant date [2]. Company Overview - Digi Power X is an innovative energy infrastructure company focused on developing advanced data centers to promote the growth of sustainable energy assets [3]. Stock Options Details - The stock options granted are in accordance with the Company's stock option plan and are subject to the policies of the TSX Venture Exchange [2].
Digi Power X Maintains Strong Cash and Crypto Position With No Long-Term Debt and Reports May 2025 Production Results
Globenewswire· 2025-06-02 11:30
Core Insights - Digi Power X Inc. reported unaudited comparative Bitcoin production results for May 2025, highlighting a significant increase in production value and operational updates [2][7]. Production Highlights - The value of coins produced in May 2025 was approximately $4.3 million, a 23% increase from the previous month [7]. - The company produced approximately 35 BTC during May, valued at around $3.7 million based on a BTC price of $105,000 [7]. Operations Update - Digi Power X operates with approximately 100MW of available power and plans to expand capacity to 200MW and beyond through existing assets and strategic acquisitions [4]. - The company has invested approximately $2.5 million year-to-date in capital expenditures and mining infrastructure support equipment, with a focus on self-funding to minimize equity dilution [7]. Collaboration and Expansion - The company entered a collaboration with Super Micro Computer, Inc. to deploy customized GPU rack solutions at a new data center in Alabama, with plans to scale up to 22MW in 2026 and 55MW by 2027 [6]. - Digi Power X's 5.5 MW community solar project has generated nearly $100,000 in electricity bill credits since its commercial operation in September 2024, contributing to sustainability and cost reduction [9][10]. Sustainability Initiatives - The company is exploring the integration of a battery energy storage system at its Buffalo site, aiming to optimize energy usage and contribute to New York State's energy storage targets [11]. - Digi Power X's commitment to renewable energy and battery storage positions it at the intersection of digital infrastructure and clean technology [12].
Digi Power X Establishes US$100 Million at-the-Market Equity Program to Accelerate Growth
GlobeNewswire News Room· 2025-05-30 22:19
Core Viewpoint - Digi Power X Inc. has announced an at-the-market sales agreement to raise up to US$100 million through the issuance of subordinate voting shares, aimed at supporting its strategic initiatives and operations [2][3][4]. Group 1: At-the-Market Offering - The ATM Agreement allows Digi Power X to issue subordinate voting shares with an aggregate offering price of up to US$100 million [3]. - A cash commission of up to 3.0% will be paid to the Agent for the services related to the ATM Equity Program [3]. - The proceeds from the ATM Equity Program will primarily be used for general corporate purposes, including funding ongoing operations, completing data center construction, repaying debt, and potential acquisitions [3][4]. Group 2: Company Position and Strategy - The CEO of Digi Power X stated that the company is in a strong position, being debt-free with solid cash reserves, and is focused on scaling its AI-ready Modular Solution platform [4]. - The company has not yet distributed any subordinate voting shares under the ATM Agreement [4]. Group 3: Regulatory and Compliance Information - The offer and sale of shares will be conducted under a prospectus supplement dated May 30, 2025, and a base shelf prospectus dated May 15, 2025, which have been filed with regulatory authorities [6]. - The ATM Equity Program will not involve sales on the TSX Venture Exchange or any other Canadian trading market [5].