Digi Power X Secures NVIDIA Vera Rubin Systems, Advancing its AI Infrastructure and Strengthening the NeoCloudz Platform
Rhea-AI Summary
Digi Power X (Nasdaq:DGXX) committed $35 million to purchase NVIDIA’s next-generation Vera Rubin systems to expand its NeoCloudz GPU-as-a-Service platform. Initial deployment is targeted for Q1 2027, funded from cash on hand.
Phase 1 of its Alabama AI data center (15 MW) targets a December 15, 2026 ready-for-service date, with full 40 MW by end of Q1 2027. NeoCloudz has been live since May 15, 2026 and generated its first AI revenues in May. As of June 3, 2026, cash and equivalents were about $150 million, with roughly $65 million invested year-to-date into the Alabama site.
AI-generated analysis. Not financial advice.
Positive
- $35 million commitment to NVIDIA Vera Rubin systems for NeoCloudz expansion
- Phase 1 15 MW AI data center ready-for-service targeted for December 15, 2026
- Full 40 MW Alabama campus deployment targeted by end of Q1 2027
- All major long-lead equipment for Phase 1 buildout reportedly secured
- NeoCloudz live since May 15, 2026 and generating initial AI revenues
- Approximately $150 million in cash and equivalents as of June 3, 2026
- Roughly $65 million capital deployed into Alabama site year-to-date from own resources
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
DGXX was down 2.24% while peers showed mixed moves: STEM -0.4%, VGAS -2.54%, PAM -2.05%, TAC +0.84%, SAFX +10.15%, suggesting stock-specific trading rather than a unified sector move.
Previous AI Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 05 | AI colocation deal | Positive | +29.4% | 10-year Cerebras AI colocation agreement for 40 MW Alabama data center. |
| Apr 20 | AI revenue contract | Positive | +19.0% | 24‑month, ~$19.6M SubQ AI bare metal GPU rental via NeoCloudz. |
| Mar 13 | AI platform JV | Positive | -21.6% | Co-founding US Data Centers AI platform and completing initial private raise. |
| Mar 02 | AI infra ramp | Positive | +6.2% | ARMS 200 commissioning, targeting 10 MW AI capacity and first AI revenues. |
| Nov 13 | AI-ready earnings | Positive | -12.5% | Positive Q3 2025 earnings and strong liquidity backing 2026 AI plan. |
AI-related announcements have often driven sizable moves, with several strong positive reactions but also notable negative divergences on seemingly constructive news.
Recent AI-tagged news shows Digi Power X steadily building its AI infrastructure and commercial pipeline. Since Nov 2025, it has reported positive Q3 2025 earnings supporting a 2026 AI plan, commissioned its first ARMS 200 unit with targeted 10 MW by Q3 2026, co-founded US Data Centers valued at ~$10M, signed a $19.6M SubQ AI GPU contract, and executed a 10‑year Cerebras colocation deal worth about $1.1B. Today’s NVIDIA Vera Rubin commitment and NeoCloudz update extend that AI build-out theme.
Historical Comparison
Past AI-tagged news for DGXX moved the stock by an average of 4.1%, with several large reactions to major AI infrastructure and contract announcements.
AI-tag history shows progression from planning and initial ARMS 200 deployment to forming US Data Centers, then securing multi‑year AI contracts and now expanding GPU capacity and NeoCloudz.
Regulatory & Risk Context
An effective S-3 shelf filed on 2026-04-09 allows Digi Power X to offer up to $750,000,000 of securities, including an at‑the‑market program initially sized at $75,000,000. The shelf, already used via a 424B5 on 2026-05-08, provides flexibility to raise capital that could be used toward Tier III data center build-out and related AI infrastructure.
Market Pulse Summary
This announcement underscores Digi Power X’s continued shift into AI infrastructure, combining a $35M NVIDIA Vera Rubin purchase with a clear schedule toward 15 MW and then 40 MW of capacity. NeoCloudz has begun generating AI revenues, supported by cash of about $150M and $65M deployed into the Alabama site. Investors may focus on execution versus the stated timelines, the mix of self-funding and project-level financing, and how NeoCloudz utilization evolves.
Key Terms
gpu-as-a-service technical
nvlink 6 technical
AI-generated analysis. Not financial advice.
MIAMI, FL / ACCESS Newswire / June 3, 2026 / Digi Power X Inc. (Nasdaq:DGXX)(Cboe Canada:DGX) (the "Company" and "Digi Power X"), an AI data center infrastructure operator, today announced a
NVIDIA Vera Rubin Purchase
The Company has committed
Operations Update
Flagship buildout on track. Development of the Company's purpose-built AI data center campus continues on schedule, with Phase 1 (15 MW of IT load) targeting a ready-for-service date of December 15, 2026 and full 40 MW deployment targeted by the end of the first fiscal quarter of 2027. The dedicated on-site substation serving Phase 1 is complete, grid interconnection has been finalized, and a power delivery agreement with the local utility is in place.
All long-lead equipment secured. The Company has secured commitments for all major long-lead equipment required for the Phase 1 buildout, including critical electrical and switchgear infrastructure. Securing this equipment removes a key schedule risk and supports the Company's targeted ready-for-service timeline.
NeoCloudz live and generating AI revenues. The Company's NeoCloudz GPU-as-a-Service platform has been successfully processing AI workloads on its deployed fleet of NVIDIA B200 and B300 GPUs continuously since May 15, 2026, and recognized its first AI related revenues in May 2026.
Project financing moving forward. Consistent with its previously stated objective of funding expansion through non-dilutive debt where possible, the Company is arranging project-level financing to support its data center buildout. The Company expects to provide further details upon execution of definitive documentation.
Strong, self-funded financial position. In addition to the expected project financing, the Company continues to fund its expansion from its own resources, maintaining a strong cash position with capital deployed into the Alabama site year-to-date. See the comments from the Company's Chief Financial Officer below.
"We are funding this expansion from a position of real strength," said Paul Ciullo, Chief Financial Officer of Digi Power X. "As of June 3, 2026, the Company had approximately
"To support our growth, we are investing in the people who will scale this platform," said Alec Amar, President of Digi Power X. "Alongside our Chief Technology Officer, Jagan Jeyapaul, we are building out our engineering and operations team at our new Silicon Valley office, placing us at the center of the AI ecosystem and closer to the customers, partners, and talent driving the next phase of our growth."
Datacloud Global Congress 2026
The Company is also pleased to announce that CEO Michel Amar and President Alec Amar are attending the Datacloud Congress 2026 Conference this week in Cannes, France, a premier digital infrastructure event bringing together representatives from major hyperscalers, data center operators, cloud providers, investors, and energy companies.
About Digi Power X
Digi Power X is an AI infrastructure company, operating a vertically integrated portfolio of power assets and data center capacity across Alabama, New York, and North Carolina. The Company's NeoCloudz platform delivers GPU-as-a-Service on dedicated, bare metal NVIDIA infrastructure. 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.
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 statements regarding the Agreement, including expected TCV from the Agreement during its term, and goals, expectations and targets for the business of Digi Power X. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "goals,' "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking information is subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: risks relating to construction and equipment delivery; delivery of deployment of equipment may not occur on the timelines anticipated by the Company, or at all; financing availability and terms; counterparty performance; permitting and interconnection, regulatory matters, and general economic and market conditions; Phase 2 deployment of the Company's purpose-built AI data center campus is conditioned on the Company securing adequate financing, and there can be no assurance that financing will be completed on the terms contemplated or at all; that any additional commercial agreements under discussion will be entered into, or that the West Virginia or upstate New York opportunities will be realized; global demand for AI computing infrastructure; further improvements to profitability and efficiency may not be realized; and other related risks, some of which are more fully set out in the Company's annual report on Form 10-K for the year ended December 31, 2025 and other documents disclosed in the Company's filings at www.sedarplus.ca and in the Company's annual, quarterly and current reports filed with the SEC on its website, 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. 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: Digi Power X Inc.
View the original press release on ACCESS Newswire