Hans Vestberg, Former Verizon Chairman and CEO, Joins Digipower X As Senior Advisor

Rhea-AI Summary

Digipower X (Nasdaq:DGXX) appointed Hans Vestberg, former Verizon chairman and CEO, as a senior advisor to its Advisory Board on February 2, 2026. Vestberg will advise on AI infrastructure deployment, distributed edge architectures, strategic partnerships, power optimization, Tier-3 reliability, and international site prioritization.

The company operates >200 MW online, claims development capacity for up to 1.5 GW, and is evaluating a 1.3 GW West Virginia site under a letter of intent. Digipower X promotes its ARMS platform to deliver Tier-3 modular AI data centers in ~180 days.

Positive

• Appointed Hans Vestberg as senior advisor on Feb 2, 2026
• 200 megawatts of power currently online
• Development capacity to add up to 1.5 gigawatts of power
• ARMS platform aims for Tier-3 modular data centers in ~180 days

Negative

• None.

News Market Reaction – DGXX

-3.08%

20 alerts

-3.08% News Effect

+13.6% Peak Tracked

-3.3% Trough Tracked

-$6M Valuation Impact

$180M Market Cap

1.0x Rel. Volume

On the day this news was published, DGXX declined 3.08%, reflecting a moderate negative market reaction. Argus tracked a peak move of +13.6% during that session. Argus tracked a trough of -3.3% from its starting point during tracking. Our momentum scanner triggered 20 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $6M from the company's valuation, bringing the market cap to $180M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Ericsson mobile traffic share: 35% ARMS deployment timeline: approximately 180 days Current power online: more than 200 megawatts +3 more

6 metrics

Ericsson mobile traffic share 35% Infrastructure handling share of worldwide mobile traffic

ARMS deployment timeline approximately 180 days Target to deliver Tier-3 modular AI data centers

Current power online more than 200 megawatts Power currently online across power plant and three sites

Development power capacity up to 1.5 gigawatts Potential additional power capacity over next three years

Power plant LOI size 1.3 gigawatts Power plant under LOI in West Virginia

Advisory experience span more than three decades Hans Vestberg’s leadership in infrastructure and telecom

Market Reality Check

Price: $2.76 Vol: Volume 3,354,747 is close...

normal vol

$2.76 Last Close

Volume Volume 3,354,747 is close to the 20-day average of 3,443,451 (relative volume 0.97). normal

Technical Shares traded below the 200-day MA, at $2.60 versus a 200-day MA of $2.79 and 61.65% under the 52-week high.

Peers on Argus

DGXX was down 4.06% with largely mixed sector peers: STEM (-4.82%), VGAS (-9.22%...

1 Down

DGXX was down 4.06% with largely mixed sector peers: STEM (-4.82%), VGAS (-9.22%), PAM (-0.70%), TAC (-3.98%), while SAFX rose 12.56%. Only SAFX appeared in momentum data, moving down 6.22% there, indicating moves were more stock-specific than broad sector-driven.

Historical Context

5 past events · Latest: Jan 20 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 20	Conference and ARMS update	Positive	+0.9%	PTC 2026 attendance and start of ARMS 200 deployment at Tier III sites.
Jan 12	GPU purchase agreement	Positive	+4.2%	Agreement to acquire about $20M of NVIDIA B300 GPUs for NeoCloudz.
Jan 09	Settlement agreement	Negative	+4.2%	Cash fee and warrant issuance to resolve compensation dispute.
Jan 07	Power plant LOI	Positive	+0.0%	Non-binding LOI for strategic partnership around 1.3 GW power station.
Jan 06	Liquidity and GPU update	Positive	-2.5%	Liquidity growth to ~$100M and first B200 GPU cluster in Alabama.

Pattern Detected

Recent news skewed positive on AI infrastructure and liquidity, yet price reactions have been mixed, with several positive updates followed by flat or negative moves, suggesting the stock does not consistently rally on constructive announcements.

Recent Company History

Over the past month, Digi Power X issued multiple AI infrastructure-focused updates. On Jan 6, it reported liquidity of about $100 million and debt-free status alongside its first B200 GPU cluster, yet shares fell 2.51%. A Jan 7 LOI tied to a 1.3 GW power plant saw no immediate move. Subsequent news on GPU purchases and ARMS 200 deployment on Jan 12 and Jan 20 produced modest gains of 4.21% and 0.94%. A settlement announcement on Jan 9 also coincided with a 4.21% rise, underscoring inconsistent price alignment with news tone.

Market Pulse Summary

This announcement highlights the addition of Hans Vestberg as a senior advisor and underscores Digi ...

Analysis

This announcement highlights the addition of Hans Vestberg as a senior advisor and underscores Digi Power X’s focus on power-constrained AI infrastructure. The company reports more than 200 megawatts of power online and development capacity for up to 1.5 gigawatts over three years, plus a 1.3 gigawatt power plant under LOI. Recent history shows active build-out of ARMS platforms and GPU capacity, but investors may watch how these plans translate into utilization, revenues, and capital discipline over time.

Key Terms

tier-3 modular data centers, ai-ready modular solution (arms), combined-cycle power plant, edge-compute, +2 more

6 terms

tier-3 modular data centers technical

"a vertically integrated AI infrastructure company focused on the deployment of Tier-3 modular data centers"

Tier-3 modular data centers are prefabricated, scalable facility units built to a high-availability standard that allows equipment to be serviced or replaced without shutting operations down. Like having multiple backup lanes in a highway that can be closed for repairs while traffic keeps moving, they matter to investors because they offer predictable uptime, faster deployment and scalable capacity with lower build risk—affecting operational continuity, capital spending and a company’s ability to support growth or digital services.

ai-ready modular solution (arms) technical

"through the deployment of the AI-Ready Modular Solution (ARMS) platform, designed to deliver"

An ai-ready modular solution (arms) is a flexible set of plug-and-play components designed so artificial intelligence features can be added, updated, or scaled without rebuilding the whole system; think of it like Lego bricks or smartphone apps that snap into a larger platform. For investors, this matters because modular AI systems lower deployment cost and speed up adoption, making products easier to upgrade, sell to multiple customers, and generate recurring revenue streams.

combined-cycle power plant technical

"Digipower X operates a combined-cycle power plant and three additional operating sites"

A combined-cycle power plant generates electricity using two linked systems: a gas turbine that burns fuel to make power and a steam turbine that captures and uses the gas turbine’s waste heat to produce additional power. Like turning leftover heat into a second helping of energy, this design boosts efficiency, lowers fuel costs and emissions per megawatt, and matters to investors because it improves operating margins, regulatory risk and long-term asset value.

edge-compute technical

"advanced distributed edge-compute capabilities to enable data-intensive and latency-sensitive"

Edge-compute is the practice of running data processing and simple decision-making on devices or local servers close to where data is created, instead of sending everything to a distant central data center. Like a neighborhood cook preparing meals on the spot instead of shipping ingredients to a faraway kitchen, it reduces delays, cuts network costs and can keep services running when connections are poor. Investors care because it enables new real-time products, lowers operating expenses for data-heavy services, and can create competitive advantages for companies in IoT, streaming, logistics and other fast-data markets.

letter of intent regulatory

"In West Virginia, Digipower X has entered into a letter of intent relating to a 1.3-gigawatt"

A letter of intent is a document that shows an agreement in principle between parties to work towards a future deal or transaction. It outlines their intentions and key terms, acting like a roadmap before a formal contract is signed. For investors, it signals serious interest and helps clarify expectations early in the process.

mission-critical infrastructure technical

"global leadership in mission-critical infrastructure, telecommunications networks, and large-scale"

Mission-critical infrastructure are the essential systems and facilities—like power, communications, data centers, and key production equipment—that a company must have working for its core operations to continue. Investors care because failure or disruption of these systems can stop revenue, trigger large repair costs, regulatory penalties, or reputational damage; thinking of them as a company’s backbone or heart helps show why keeping them reliable is central to protecting value.

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 2, 2026 / Digi Power 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, today announced that Hans Vestberg, former Chairman and Chief Executive Officer of Verizon Communications, has joined the Company as a senior advisor serving on its Advisory Board to support the Company's expansion strategy.

Mr. Vestberg brings more than three decades of global leadership in mission-critical infrastructure, telecommunications networks, and large-scale capital deployment. He is widely recognized for leading Verizon's first commercial 5G deployment in 2018 and for advancing nationwide fiber, mobile edge computing, and next-generation network architectures.

Prior to Verizon, Mr. Vestberg spent nearly three decades at Ericsson, including almost seven years as its Chief Executive Officer, where he helped build and operate global infrastructure facilitating approximately 35% of worldwide mobile traffic.

Mr. Vestberg's appointment comes at a time when AI adoption is increasingly constrained, not by software or silicon, but by power availability, cooling capacity, and deployment speed. Digipower X is working on addressing this challenge through the deployment of the AI-Ready Modular Solution (ARMS) platform, designed to deliver Tier-3 modular AI data centers within approximately 180 days, supported by a vertically integrated power strategy and a growing portfolio of large-scale energy assets.

"Hans Vestberg built and scaled the physical infrastructure that helped enable the fiber, mobile, and 5G revolutions," said Michel Amar, Chairman and Chief Executive Officer of Digipower X. "He understands what most of the market overlooks: AI's bottleneck isn't algorithms or chips, it's power, cooling, and deployment speed. Hans knows how to execute infrastructure transformation at a national and global scale, and we expect his guidance will be invaluable as we expand our modular AI data center footprint."

"I've spent over 30 years building the networks that move data," said Mr. Vestberg. "The next decade is about building the infrastructure that processes it. Digipower X is more than just a data center company. It controls its power, is developing the ability to deploy Tier-3 infrastructure in the near term, and is building a modular platform to address the exact constraints holding back large-scale AI deployment. Its focus on power availability and deployment speed first, real estate second, is exactly the right approach."

Infrastructure Experience Aligned with AI Scale

During his tenure at Ericsson (2010-2016), Mr. Vestberg led more than 115,000 employees worldwide and positioned the company at the forefront of next-generation wireless technologies. At Verizon (2018-2025), he reshaped the organization around a network-first strategy, oversaw major investments in spectrum and fiber, and advanced distributed edge-compute capabilities to enable data-intensive and latency-sensitive applications.

Mr. Vestberg insightfully noted at Davos 2024 that "one of the most important infrastructures of this century is digital infrastructure," and that AI workloads will increasingly migrate from centralized hyperscale facilities toward distributed locations supporting real-time inference and enterprise demand.

Mr. Vestberg currently serves as a board member of BlackRock and Verizon.

Addressing the Power and Deployment Constraint in AI Infrastructure

Digipower X operates a combined-cycle power plant and three additional operating sites, with more than 200 megawatts of power currently online. The Company has secured development capacity to support AI infrastructure expansion over the next three years, with the ability to develop up to an additional 1.5 gigawatts of power capacity, including at major sites in North Carolina and West Virginia.

In West Virginia, Digipower X has entered into a letter of intent relating to a 1.3-gigawatt power plant, which is being evaluated as a long-term site for AI data center and advanced computing infrastructure deployment.

"Hans recognizes that national AI competitiveness depends on solving power availability and deployment speed," said Gerard Rotonda, Board Member of Digipower X and former CFO of Deutsche Bank Wealth & Asset Management Americas. "His experience aligns directly with Digipower X's mission to deliver infrastructure at the scale and speed this market now requires."

Vestberg's Strategic Focus

In his advisory role, Mr. Vestberg will work closely with Digipower X's executive team on:

• AI infrastructure deployment strategy and scaling frameworks;

• Distributed and edge-compute architectures for inference-driven workloads;

• Strategic partnerships with hyperscalers, enterprises, and infrastructure stakeholders;

• Power optimization and energy-efficient data center design;

• Tier-3 redundancy and mission-critical reliability standards; and

• International expansion strategy and site prioritization.

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: Digi Power X Inc.

View the original press release on ACCESS Newswire

FAQ

Who is Hans Vestberg and what role did he accept at Digipower X (DGXX) on February 2, 2026?

He is the former Verizon chairman and CEO and accepted a senior advisor role on Digipower X's Advisory Board. According to the company, he will advise on infrastructure deployment, edge compute, power strategy, and international expansion.

How much power capacity does Digipower X (DGXX) currently have online and planned growth?

Digipower X currently has more than 200 MW online and development capacity for up to 1.5 GW additional capacity. According to the company, that pipeline supports near-term AI infrastructure expansion over the next three years.

What is the ARMS platform and its deployment timeline at Digipower X (DGXX)?

ARMS is Digipower X's AI-Ready Modular Solution for Tier-3 modular data centers. According to the company, ARMS is designed to deliver Tier-3 facilities in approximately 180 days, prioritizing power and deployment speed.

What is the status of the West Virginia site mentioned by Digipower X (DGXX)?

Digipower X has a letter of intent for a 1.3 GW power plant site in West Virginia under evaluation for AI data center use. According to the company, the site is being assessed as a long-term deployment location.

What advisory responsibilities will Hans Vestberg perform for Digipower X (DGXX)?

Vestberg will advise on AI infrastructure scaling, distributed inference architectures, hyperscaler partnerships, energy-efficient design, and Tier-3 reliability standards. According to the company, his role focuses on aligning network-scale execution with Digipower X's expansion strategy.