Digi Power X enters non-binding LOI with Omnis Pleasants

Core Insights - Digi Power X (DGXX) has entered into a non-binding letter of intent with Omnis Pleasants to explore a strategic partnership focused on large-scale artificial intelligence and high-performance computing infrastructure [1] Group 1: Strategic Partnership - The partnership aims to conduct a comprehensive load and interconnection study of up to 1.3 gigawatts, assessing long-term power availability and grid connectivity for energy-intensive computing applications [1] - The agreement includes a potential long-term lease of up to 200 acres of land for deploying AI and advanced computing infrastructure using Digi Power X's proprietary ARMS modular Tier III data center platform [1] Group 2: Equity and Ownership - The LOI outlines a framework for potential equity alignment, including a mutual equity exchange based on fair market valuation [1] - Digi Power X may acquire an equity ownership stake exceeding 10% in the power plant entity, contingent on definitive documentation, agreed valuation, financing structure, and regulatory approvals [1] Group 3: Additional Initiatives - Digi Power X and Pleasants will collaborate on a hydrogen-transition feasibility study for Digi Power X's New York power assets, aligning with broader decarbonization and energy-transition initiatives [1] - The load study is expected to commence within 30 days, with the target for executing definitive agreements within approximately 90 days, subject to customary conditions and approvals [1]