Digi Power X Announces $200 Million Debt Financing Commitment to Support Completion of Alabama AI Data Center and Provides Expansion Update

The company intends the project financing to preserve corporate liquidity and mitigate shareholder dilution while funding Alabama completion.

Rhea-AI Summary

Digi Power X (DGXX) received a US$200 million debt financing commitment to support completion of its Alabama AI data center. Goldman Sachs is syndicating the financing, which is expected to close within 90 days, subject to definitive documentation, lender diligence and other conditions. The debt would sit in a project special purpose vehicle, with an unsecured company guarantee through project completion and other limited matters.

The company held approximately US$135 million in cash on October 13, 2026, and invested approximately US$153 million in capital expenditures year to date. No shares were issued through its at-the-market program in the third quarter. Construction at the 40 MW Alabama campus remains on target, with Phase 1 expected in December 2026 and Phase 2 in March 2027. Digi Power X also plans additional modular capacity and New York site conversions, and acquired a Silicon Valley office and laboratory facility.

8 points · 1 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 3 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.US$200 million financing commitment would support Alabama project completion and related project costs. 65% of market cap
• Moderate pointApproximately US$135 million in cash held as of October 13, 2026.
• Minor point. Forward-looking: it has not happened yet and may not happen.40 MW Alabama construction remains on target; phase completions are expected in December 2026 and March 2027.
• Minor pointNo ATM shares issued in third-quarter 2026, resulting in no ATM-related shareholder dilution.
• Minor pointFirst ARMS 200 modular data center has operated since May 2026, supporting the GPU bare-metal business.

3 minor points

• Minor point. Forward-looking: it has not happened yet and may not happen.Additional modular capacity is planned through NeoCloudz to support GPU services and recurring AI infrastructure revenue.
• Minor point. Forward-looking: it has not happened yet and may not happen.New York site conversions are in planning to expand GPU services and AI token generation capacity.
• Minor pointSilicon Valley office and laboratory acquired to develop technology supporting the AI token factory strategy.

Negative

• Major point. Forward-looking: it has not happened yet and may not happen.US$200 million proposed project debt includes an unsecured company guarantee through project completion and other limited matters. 65% of market cap
• Moderate point. Forward-looking: it has not happened yet and may not happen.Financing closing remains conditional on definitive documentation, lender diligence and other conditions; expected within 90 days.
• Moderate pointApproximately US$153 million in capital expenditures invested year to date in 2026. 50% of market cap

News Explained

One ARMS 200 modular data center has been operating since May 2026 for GPU bare-metal services; the company says its Supermicro partnership provides dedicated access to NVIDIA Blackwell GPUs.

Key Figures

Debt financing commitment: US$200 million Expected financing close: Within 90 days Alabama data center capacity: 40 MW +4 more

Debt financing commitment

US$200 million

For completion of the Alabama AI data center; commitment subject to documentation and conditions

Expected financing close

Within 90 days

Subject to definitive documentation, lender diligence, and other conditions

Alabama data center capacity

40 MW

Columbiana project supported by the financing

Cash

Approximately US$135 million

Held as of the date of the announcement

Year-to-date capital expenditures

Approximately US$153 million

Year to date in 2026

Phase 1 completion

December 2026

Alabama campus; expected completion

Phase 2 completion

March 2027

Alabama campus; expected completion

Previous AI Reports

1 past event · Latest: May 05

Same Type 1 event

1. May 05

   AI colocation agreement

   24h Move

   +29.4%

   Signed a 10-year agreement for the same 40 MW Columbiana campus, with an approximately $1.1 billion initial-term value.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

special purpose vehicle, at-the-market equity offering, closed-loop cooling systems

3 terms

special purpose vehicle financial

"structured at a project special purpose vehicle (SPV) level"

A special purpose vehicle (SPV) is a separate legal entity created to isolate financial risk or hold specific assets, much like a dedicated safe for a particular investment or project. Investors pay attention to SPVs because they can influence how risks and rewards are managed, and sometimes they are used to structure transactions more efficiently or hide certain financial details.

at-the-market equity offering financial

"at-the-market (ATM) equity offering program"

An at-the-market equity offering is a way for a public company to raise cash by selling newly issued shares directly into the open market at current market prices over time through a broker. Think of it as gradually selling items on an online marketplace at whatever buyers are paying now rather than holding a single big sale; it gives the company flexible access to funds but can lower each existing owner’s share of the company and put gentle downward pressure on the stock price if done in large amounts.

closed-loop cooling systems technical

"incorporate closed-loop cooling systems designed to minimize water consumption"

A closed-loop cooling system is a self-contained setup that circulates the same coolant through equipment to remove heat, rather than releasing or drawing in new water or air from the environment. Think of it like a reusable thermos that keeps liquid moving around to carry heat away; for investors, it matters because these systems often cut energy and water costs, reduce regulatory risk, and improve equipment reliability—affecting operating expenses and long-term capital needs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MIAMI BEACH, FL / ACCESS Newswire / October 13, 2026 / Digi Power X Inc. (Nasdaq:DGXX)(Cboe Canada:DGX) ("Digi Power X" or the "Company"), an AI data center infrastructure operator, today announced that it has received a commitment letter from a major lending institution for US$200 million in debt financing to support the development of its 40 MW AI data center in Columbiana, Alabama. The financing, syndicated by Goldman Sachs, is expected to close within 90 days, subject to definitive documentation and satisfaction of various conditions, including the lender's completion of its diligence efforts.

The financing is to be structured at a project special purpose vehicle ("SPV") level, with an unsecured Company guarantee through project completion and other limited matters. Proceeds are intended to support completion of the Alabama project and related project costs, helping preserve corporate liquidity, mitigate shareholder dilution and position the Company to pursue additional customer contracts.

"This financing commitment is an important step toward completing our Alabama campus while limiting dilution for our shareholders. We are progressing from infrastructure development toward revenue generation, with construction on schedule in Alabama, our first modular GPU deployment operating successfully, and expansion plans advancing across our portfolio." - Michel Amar, Chairman & Chief Executive Officer, Digi Power X Inc.

Financial Position and Alabama Construction Update

As of the date hereof, Digi Power X held approximately US$135 million in cash and invested approximately US$153 million in capital expenditures year to date in 2026. The Company did not issue any shares under its at-the-market ("ATM") equity offering program during the third quarter of 2026, resulting in no ATM-related shareholder dilution during the quarter.

Construction at the 40 MW Alabama campus remains on target, with Phase 1 expected to be completed in December 2026 and Phase 2 in March 2027.

ARMS 200 Operations and Supermicro Partnership

The Company's first ARMS 200 modular data center has been operating successfully since May 2026, supporting its GPU bare-metal business. The deployment demonstrates Digi Power X's ability to manage the infrastructure supporting these services, including power, cooling, data center operations and GPU systems.

Digi Power X's partnership with Super Micro Computer, Inc. ("Supermicro") supports dedicated, bare-metal access to NVIDIA Blackwell GPUs, enabling customers to deploy AI workloads without building or managing the underlying infrastructure themselves. Supermicro recently highlighted the collaboration publicly, underscoring its role in powering Digi Power X's full-stack AI offering.

Digi Power X: Expanding the AI Token Factory Through NeoCloudz

Digi Power X plans to expand its AI token factory infrastructure through its NeoCloudz platform, using the proprietary ARMS modular data center systems of US Data Center, Inc., a subsidiary of which the Company is the largest shareholder, to support fast deployment. This expansion is intended to support the Company's planned growth in GPU bare-metal services and AI token generation. Building on its initial ARMS 200 deployment, the Company intends to deploy additional modular capacity to meet customer demand and grow recurring AI infrastructure revenue.

"We're excited to unveil our AI token factory at NVIDIA GTC Berlin. Digi Power X owns the whole stack, from the power to the data center to the computer, and that's how we deliver fast, affordable inference at scale." - Alec Amar, President, Digi Power X Inc.

New York Transition to AI Token Factories

Digi Power X is in the planning phase to repurpose its New York State sites into AI token factories, expanding capacity for GPU bare-metal services and AI token generation. The planned conversion is designed to reduce site noise levels and incorporate closed-loop cooling systems designed to minimize water consumption by recirculating coolant without routine evaporative water use.

Silicon Valley Development Lab

The Company has also acquired an office and laboratory facility in Silicon Valley to develop the technology and operational intelligence supporting its AI token factory strategy. Digi Power X is bringing together top talent in engineering, artificial intelligence and software development to accelerate innovation and strengthen its capabilities as it expands its GPU infrastructure and AI services.

About Digi Power X

Digi Power X is a fully integrated AI infrastructure company that owns and operates the whole stack, from power generation and data centers to the computers that run AI workloads. The Company offers colocation for enterprise and hyperscale customers, bare metal GPU rental and a token factory that delivers AI inference at scale. Because it controls the power, the infrastructure and the compute, Digi Power X can bring capacity online faster and more affordably. For more information, visit www.digipowerx.com.

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 Statement

Trading 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 Statements

This press release contains "forward-looking statements" within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All statements other than statements of historical fact are forward-looking statements. Words such as "anticipate," "believe," "continue," "estimate," "expect," "intend," "may," "plan," "potential," "proposed," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words.

Forward-looking statements in this press release include, without limitation, statements regarding: the proposed $200 million debt financing, including the timing of closing and funding, and the satisfaction of conditions to closing, including lender satisfaction of its diligence requirements; the expected use of proceeds, including the funding of remaining construction and related project costs, and the anticipated effects on corporate liquidity and shareholder dilution; the progress, schedule and completion of Phase 1 and Phase 2 of the Company's 40 MW AI data center in Columbiana, Alabama, the Company's ability to pursue additional customer contracts and generate recurring revenue; the planned expansion of the Company's AI token factory infrastructure, including through USDC and the ARMS modular data center platform; the planned conversion of the Company's New York State sites and the anticipated noise and water use benefits of that conversion; the anticipated use and benefits of the Company's Silicon Valley facility; and the execution of the Company's AI infrastructure strategy.

These statements are based on management's current expectations, estimates and assumptions and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially, including, among others: the risk that the conditions to closing under the commitment letter are not satisfied or waived on a timely basis or at all, or that the financing is not completed on the anticipated terms or at all; the risk that the lender's commitment terminates or is modified; the possibility that financing proceeds will be insufficient to fund all remaining construction and project costs; the risk that preliminary financial information differs from final reported results; construction delays, cost overruns, supply chain disruptions and the availability of equipment, GPUs, labor and power; permitting, zoning, environmental and other regulatory approvals; the performance of contractors, partners and counterparties; the ability of the Company and its customers to perform under the Company's colocation and other customer agreements; obligations under the financing; demand for AI and high-performance computing infrastructure; general economic, market and interest rate conditions; and the other risks and uncertainties described under "Risk Factors" in the Company's most recent Annual Report on Form 10-K and other filings with the U.S. Securities and Exchange Commission.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE: Digi Power X Inc.

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much debt financing has Digi Power X committed to its Alabama data center?

Digi Power X received a commitment letter for US$200 million in debt financing for its 40 MW Alabama AI data center. Goldman Sachs is syndicating the financing. Closing is expected within 90 days, subject to definitive documentation, completion of lender diligence and other conditions.

When does Digi Power X expect to complete the Alabama data center phases?

Phase 1 is expected to be completed in December 2026, followed by Phase 2 in March 2027. Construction at the 40 MW Columbiana, Alabama campus remains on target.

What cooling changes are planned for Digi Power X's New York AI site conversions?

The planned New York conversions would incorporate closed-loop cooling systems designed to minimize water consumption by recirculating coolant without routine evaporative water use. The conversions are also designed to reduce site noise levels and remain in the planning phase.