DigiPower X Announces Closing of Settlement

Rhea-AI Summary

DigiPower X (Nasdaq:DGXX) announced that its previously disclosed settlement has closed and received final approval from the TSX Venture Exchange on February 17, 2026. In connection with the Settlement, DigiPower X issued a warrant exercisable for up to 269,231 subordinate voting shares at US$2.85 per share for five years.

The company also granted 200,000 stock options to certain directors: 100,000 at US$2.60 and 100,000 at US$6.00, expiring January 30, 2031, vesting fully on grant and subject to TSXV policies.

Positive

• Settlement closed with final TSXV approval on Feb 17, 2026
• Issued warrant for 269,231 shares exercisable at US$2.85 for five years

Negative

• Granted 200,000 stock options, creating potential dilution for shareholders
• Stock options include 100,000 at US$2.60 and 100,000 at US$6.00, expiring Jan 30, 2031

Key Figures

Settlement warrant size: 269,231 shares Warrant exercise price: US$2.85 per share Warrant term: 5 years +5 more

8 metrics

Settlement warrant size 269,231 shares Warrant exercisable at US$2.85 for five years

Warrant exercise price US$2.85 per share Settlement warrant strike price

Warrant term 5 years From date of issuance under settlement

Stock options granted 200,000 options Grant to certain directors under stock option plan

Option strike (tranche 1) US$2.60 per share 100,000 stock options exercise price

Option strike (tranche 2) US$6.00 per share 100,000 stock options exercise price

Option expiry January 30, 2031 Expiry date for granted stock options

Daily price change 5.83% DGXX move on latest trading day before this news

Market Reality Check

Price: $2.40 Vol: Volume 1,231,011 vs 20-da...

low vol

$2.40 Last Close

Volume Volume 1,231,011 vs 20-day average 2,383,033 — activity below recent norms. low

Technical Price $2.44 trades below 200-day MA at $2.87, despite a 5.83% daily gain.

Peers on Argus

DGXX gained 5.83% while momentum scanner flagged only two peers (SUUN, NXXT) bot...

2 Up

DGXX gained 5.83% while momentum scanner flagged only two peers (SUUN, NXXT) both moving up modestly, with no same-day news and no clear, broad Utilities move indicated.

Historical Context

5 past events · Latest: Feb 02 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 02	Leadership appointment	Positive	-3.1%	Former Verizon CEO Hans Vestberg joined as senior advisor for AI strategy.
Jan 20	Conference, deployment	Positive	+0.9%	PTC 2026 attendance and launch of ARMS 200 deployments at Tier III sites.
Jan 12	GPU purchase	Positive	+4.2%	Agreement to buy about $20M of NVIDIA B300 GPUs for NeoCloudz platform.
Jan 09	Settlement terms	Negative	+4.2%	Cash payment and warrant issuance to resolve disputed compensation.
Jan 07	Strategic LOI	Positive	+0.0%	LOI for partnership using 1.3 GW Pleasants Power Station for AI data centers.

Pattern Detected

Recent positive strategic and operational news has more often led to modest gains, but there are notable instances where favorable headlines coincided with short-term share price declines.

Recent Company History

Over the last few months, DigiPower X has announced a series of AI-infrastructure milestones and corporate developments, including a $20 million NVIDIA B300 GPU purchase, a strategic 1.3 GW power-plant LOI, and leadership expansion with Hans Vestberg on Feb 2, 2026. It also disclosed a settlement involving cash payment and warrants on Jan 9, 2026. Today’s settlement closing and option grants follow that arc of scaling capacity and formalizing prior agreements.

Market Pulse Summary

This announcement finalizes a previously disclosed settlement and details new director stock option ...

Analysis

This announcement finalizes a previously disclosed settlement and details new director stock option grants, including a warrant for 269,231 shares at US$2.85 and 200,000 options split between US$2.60 and US$6.00 strikes. In recent months, DigiPower X has paired such corporate actions with large-scale AI infrastructure initiatives and leadership changes. Investors may track how additional equity instruments interact with prior insider activity and how capital structure developments support the broader growth strategy.

Key Terms

warrant, stock options, subordinate voting shares

3 terms

warrant financial

"the Company issued a warrant exercisable for up to an aggregate of 269,231"

A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

stock options financial

"The Company also announces the grant of a total of 200,000 stock options"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

subordinate voting shares regulatory

"exercisable into subordinate voting shares of the Company at a price of US$2.60"

Subordinate voting shares are a type of company stock that typically carry fewer voting rights than regular shares, meaning holders have less influence over company decisions. They are often used to raise capital while allowing founders or main shareholders to retain control. For investors, understanding the difference helps assess their level of influence in company decisions and the potential risks or benefits of holding different types of shares.

AI-generated analysis. Not financial advice.

This 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 Grant

The 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 X

DigiPower 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.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. 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 Statements

Except 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 Newswire

FAQ

What did DigiPower X (DGXX) announce about its settlement on February 20, 2026?

The company said the Settlement closed and received TSXV final approval on February 17, 2026. According to the company, the closing triggered issuance of a warrant exercisable for up to 269,231 subordinate voting shares at US$2.85 per share for five years.

How many warrants did DigiPower X issue in the Settlement and at what exercise price (DGXX)?

DigiPower X issued a warrant exercisable for up to 269,231 subordinate voting shares at US$2.85 per share. According to the company, the warrant has a five-year term from the date of issuance.

What stock option grants did DigiPower X (DGXX) announce for directors and when do they expire?

The company granted a total of 200,000 stock options to certain directors, vesting fully on grant. According to the company, 100,000 options are at US$2.60 and 100,000 at US$6.00, expiring January 30, 2031.

Will the warrants and stock options issued by DigiPower X (DGXX) dilute existing shareholders?

Yes, the issuance creates potential dilution through exercisable warrants and options tied to subordinate voting shares. According to the company, 269,231 warrant shares plus 200,000 option shares could increase outstanding share count upon exercise.

When did the TSX Venture Exchange approve DigiPower X's Settlement and where was that disclosed (DGXX)?

The TSX Venture Exchange gave final approval for the Settlement on February 17, 2026. According to the company, that approval completed the closing announced in the February 20, 2026 release.