Digi Power X Appoints Chief Technology Officer

Rhea-AI Summary

Digi Power X (Nasdaq: DGXX) appointed Jagan “Jag” Jeyapaul as Chief Technology Officer effective Dec 8, 2025.

Jag brings senior engineering experience from Oracle, Equinix and VeriSign and will lead the company’s technology roadmap, including oversight of the ARMS 200 Tier-3 modular data-center platform, scaling AI infrastructure, and managing the NeoCloudz GPU-as-a-Service platform. He will also direct customer integration software, API enablement and enterprise-grade performance as Digi Power X prepares to begin AI data processing in 2026.

Key Figures

Data centers automated 200+ data centers Track record attributed to incoming CTO

AI data processing start 2026 Target start for Digi Power X AI data processing

Market Reality Check

$2.54 Last Close

Volume Volume 5,002,860 is broadly in line with 20-day average 5,115,006 (relative volume 0.98x). normal

Technical Shares at 3.61 are trading above the 200-day MA of 2.58, after a -4.37% prior session move.

Peers on Argus

Several peers in Utilities/Independent Power Producers were down, including STEM -1.08%, VGAS -1.51%, SAFX -13.59%, PAM -3.71%, and TAC -1.54%, suggesting broader sector softness but no confirmed momentum cluster.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 03	AI infrastructure update	Positive	-4.1%	Announced ARMS 200 deployment, B200 cluster completion, and 2026–2027 MW targets.
Nov 18	ATM program filing	Negative	+7.8%	Amended prospectus and reaffirmed ATM on US$250M base shelf.
Nov 13	Q3 2025 results	Positive	-10.3%	Reported positive net income, higher EBITDA, and stronger digital asset position.
Nov 03	Liquidity update	Positive	+4.3%	Detailed higher cash, BTC, ETH balances and CapEx for AI capacity growth.
Oct 30	Earnings scheduling	Neutral	+17.9%	Announced timing and call details for upcoming Q3 2025 results.

Pattern Detected

Recent positive operational and financial updates often saw negative price reactions, while balance-sheet and program-related filings skewed more positively.

Recent Company History

Over the last few months, Digi Power X has focused on AI infrastructure build-out and capital access. On Oct 30–Nov 14, 2025, it prepared and then released Q3 2025 results, highlighting net income and growing energy sales. Multiple updates in November 2025 detailed strengthened liquidity, rising BTC/ETH holdings, and AI data center capacity targets through 2027. An amended ATM prospectus tied to a US$250 million base shelf supported equity flexibility. The current CTO appointment complements prior operational and technology milestones tied to ARMS 200 and NeoCloudz.

Market Pulse Summary

The stock moved +7.8% in the session following this news. A strong positive reaction aligns with management’s effort to deepen AI and data-center expertise. The CTO appointment complements earlier milestones around the ARMS 200 platform and NeoCloudz, and comes as shares trade above the 200-day MA of 2.58 at 3.61. However, past updates saw mixed follow-through, with several positive operational releases followed by declines, so investors may have weighed execution risk and capital needs when reassessing sustainability.

Key Terms

data-center technical

"Tier-3 modular data-center platform, scaling AI infrastructure deployments"

A data-center is a secure, climate-controlled facility that houses the computers, network gear and power systems that store and process large amounts of digital information. For investors, data-centers matter because they are the backbone of cloud services, online businesses and critical applications—think of them as a modern warehouse or power plant for digital activity—so their capacity, reliability and cost structure directly affect revenue, growth potential and capital spending for companies that own or use them.

machine learning technical

"built machine learning-driven observability systems, led global engineering teams"

Machine learning is a set of computer programs that learn patterns from large amounts of data and improve their predictions or decisions over time, like a recipe that gets better each time it’s adjusted based on taste tests. For investors it matters because these systems can speed up analysis, spot trends or risks humans might miss, automate routine work, and potentially create competitive advantages or cost savings that affect a company’s performance.

api technical

"secure interconnection and API ecosystems supporting hyperscalers"

An API, or Application Programming Interface, is a set of rules that allows different software programs to communicate and work together smoothly, much like a waiter translating your order into the kitchen and then bringing your meal back. For investors, APIs are important because they enable real-time access to financial data, trading systems, and other digital services, making it easier to make informed decisions quickly and efficiently.

pki technical

"At VeriSign, he worked on foundational PKI, SSL and cryptographic infrastructure."

PKI (Public Key Infrastructure) is a system that creates and manages digital “keys” and electronic certificates to prove identities and secure online communications, like a bank vault and ID card for data. For investors, PKI matters because it helps prevent fraud, ensures that financial documents and trading instructions are genuine, and reduces regulatory and operational risk tied to hacked accounts or tampered disclosures.

ssl technical

"he worked on foundational PKI, SSL and cryptographic infrastructure."

SSL is the technology that encrypts data sent between a user’s browser and a website, like sealing a letter in an envelope so only the recipient can read it. For investors, SSL matters because it protects customer data, sustains trust and sales on online platforms, and reduces the risk of costly breaches or regulatory penalties that can hurt a company’s revenue and reputation.

gpu-as-a-service technical

"managing the NeoCloudz GPU-as-a-Service platform. He will also direct"

GPU-as-a-Service is a pay-as-you-go model that lets businesses rent powerful graphics processing units (GPUs) over the internet instead of buying the hardware outright. It matters to investors because it lowers upfront costs and speeds time-to-market for companies using AI, data analysis, or 3D rendering—similar to renting a high-performance car for a specific trip rather than owning one—and can make firms more flexible, scalable, and capital-efficient.

gpu technical

"NeoCloudz GPU-as-a-Service platform. He will also direct the development"

A GPU (graphics processing unit) is a specialized computer chip designed to handle many calculations at once, originally for rendering images and video but now widely used for tasks like artificial intelligence, data analysis and high-performance computing. Investors watch GPU demand and prices because strong sales often signal growth for chip makers and their customers, affect profit margins and capital spending, and can forecast wider trends in gaming, AI adoption and cloud services.

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, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Digi Power X Inc. (“Digi Power X” or the “Company”) (Nasdaq: DGXX / TSXV: DGX), an innovative energy infrastructure company, today announced that it has appointed Jagan (“Jag”) Jeyapaul as its Chief Technology Officer (“CTO”).

Jag is a seasoned engineering leader with deep experience in Silicon Valley at Oracle, Equinix and VeriSign. Throughout his career, he has modernized and operated large-scale cloud and data-center platforms, automated 200+ data centers, built machine learning-driven observability systems, led global engineering teams and developed secure interconnection and API ecosystems supporting hyperscalers and mission-critical enterprise workloads. At VeriSign, he worked on foundational PKI, SSL and cryptographic infrastructure.

As CTO, Jag will lead Digi Power X’s full technology roadmap, overseeing the ARMS 200 Tier-3 modular data-center platform, scaling AI infrastructure deployments and managing the NeoCloudz GPU-as-a-Service platform. He will also direct the development of customer integration software, ensuring seamless onboarding, API enablement and enterprise-grade performance as Digi Power X prepares to begin AI data processing in 2026.

Michel Amar, Chief Executive Officer of the Company, commented that, “Jag’s deep background in secure, high-availability cloud environments will help accelerate Digi Power X’s Tier-3 deployments and strengthen the Company’s foothold in AI infrastructure.”

Jag said, “I am excited to help build Digi Power X into a global provider of modular AI data-center solutions and advanced GPU compute platforms.”

About Digi Power X

Digi Power 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
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. 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 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; effects on Bitcoin prices as a result of the most recent Bitcoin halving; 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; development of additional facilities to expand operations may not be completed on the timelines anticipated by the Company; 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.

FAQ

Who is the new CTO of Digi Power X (DGXX) and when was the appointment announced?

Jagan “Jag” Jeyapaul was named CTO, announced on December 8, 2025.

What responsibilities will DGXX CTO Jag Jeyapaul oversee?

He will oversee the ARMS 200 Tier-3 modular data-center platform, scale AI infrastructure, manage NeoCloudz GPU-as-a-Service, and lead customer integration and APIs.

How does Jag Jeyapaul’s background relate to Digi Power X’s technology goals?

Jag’s experience at Oracle, Equinix and VeriSign includes large-scale cloud, data-center automation, ML observability, and cryptographic infrastructure, aligning with DGXX’s AI and high-availability goals.

Will Digi Power X start AI data processing soon after the CTO appointment?

The company is preparing to begin AI data processing in 2026 per the announcement.

What platforms at DGXX will the new CTO manage that matter to investors?

Key platforms include the ARMS 200 Tier-3 modular data-center and the NeoCloudz GPU-as-a-Service platform.

Where can investors look for DGXX updates on technology deployments and AI processing timelines?

Investors should monitor Digi Power X investor communications and regulatory filings for updates on technology deployments and 2026 AI processing plans.