Digi Power X Inc. Announces Major AI Infrastructure Milestones, Strategic Partnerships, and Senior Advisor Appointment

Key Highlights for Investors

• Transition from Bitcoin Mining to AI Infrastructure:
  Digi Power X Inc. (Nasdaq: DGXX / Cboe Canada: DGX) has officially shifted its core business from Bitcoin mining to becoming a vertically integrated provider of Tier 3 modular data centers focused on AI and high-performance computing. The company ceased all BTC mining at its Alabama facility in 2025 to transform the site into an AI infrastructure hub, with similar evaluations underway for its New York locations.
• ARMS 200 Modular Data Center Deployment:
  The first ARMS 200 modular data center system has been finalized at the Alabama site and is scheduled for live operations and GPU customer workloads by the third week of March 2026. Full commissioning is expected in early April 2026, enabling the company to begin generating AI revenues through its GPU-as-a-Service rental platform.
• Revenue Projections and Capacity Expansion:
  Digi Power X anticipates generating approximately \$15 million in annualized revenue per deployed megawatt (MW) of capacity, with 10 MW targeted for deployment by Q3 2026. This positions the company for an annualized revenue potential of around \$150 million once the full 10 MW is operational.
• Additional ARMS 200 Units for New York:
  Five more ARMS 200 units have been produced and are set for commissioning at the company’s North Tonawanda, New York site by the end of Q2 2026.
• Strong Financial Position:
  As of February 27, 2026, Digi Power X holds approximately \$80 million in liquidity, comprising \$62 million in cash, \$12 million in Bitcoin and Ethereum, and \$6 million in cash deposits. The company remains debt-free and has spent \$13.1 million on infrastructure capital expenditures (CapEx) year-to-date, with a total expected CapEx of \$33.1 million by the end of Q3 2026.
• Strategic Partnership Developments:
  In January 2026, Digi Power X entered a non-binding LOI with Omnis Pleasants LLC, owner of the 1.3 GW Pleasants Power Station in West Virginia, to explore a strategic partnership for large-scale AI and high-performance computing infrastructure. The proposed deal includes a power and interconnection study and the possibility of leasing up to 200 acres for deploying Digi Power X’s ARMS modular Tier III data centers.
• Senior Advisor Appointment:
  Hans Vestberg, former Chairman and CEO of Verizon Communications, has joined Digi Power X as a senior advisor. Vestberg is actively collaborating with the executive team on AI strategy, distributed and edge-compute architecture, partnership development, energy optimization, mission-critical reliability, and international expansion.
• Stock Exchange Uplisting:
  The company has uplisted from the TSX Venture Exchange to Cboe Canada as of February 27, 2026, while maintaining its Nasdaq listing. This provides greater visibility and supports the company’s capital formation initiatives.
• Energy Curtailment Initiative:
  Digi Power X participated in load curtailment programs during January and February 2026, supporting grid reliability amid high energy costs driven by severe weather.

Details Investors Must Note (Potentially Price-Sensitive Information)

• Imminent Revenue Generation from AI Services:
  The launch of live ARMS 200 operations and the start of GPU-as-a-Service revenues in April 2026 mark a significant shift in the company’s business model and revenue streams. The anticipated \$150 million annualized revenue at full 10 MW deployment is substantial and could materially impact the company’s valuation.
• Debt-Free Status and Strong Cash Position:
  The absence of debt and a robust cash reserve provide Digi Power X with strategic flexibility and lower financial risk, supporting ongoing and future infrastructure expansion without diluting shareholders.
• Strategic Power Plant Partnership (LOI):
  The non-binding LOI with a 1.3 GW power plant operator signals potential access to significant low-cost energy resources, a critical factor for scaling AI and high-performance computing infrastructure. If finalized, this could enable further capacity growth and improve long-term competitiveness.
• Executive Leadership Enhancement:
  The addition of Hans Vestberg, with his extensive telecom and infrastructure experience, could accelerate the company’s go-to-market strategy, technical standards, and partnership network, further enhancing investor confidence.
• Exchange Uplisting:
  The move to Cboe Canada may increase share liquidity, institutional investor interest, and overall market visibility, all of which are supportive of share value appreciation.

ARMS 200 Deployment Timeline

Financial Snapshot (as of February 27, 2026)

• Cash: ~\$62 million
• BTC & ETH Holdings: ~\$12 million
• Cash Deposits: ~\$6 million
• Total Liquidity: ~\$80 million
• CapEx Spent YTD: ~\$13.1 million
• Expected CapEx by End of Q3 2026: ~\$33.1 million
• Expected Annualized Revenue per MW: ~\$15 million
• Target 10 MW Deployment by Q3 2026 (Annualized Revenue Potential: ~\$150 million)
• Debt-Free Balance Sheet

Risks and Forward-Looking Statements

Digi Power X has issued standard cautions regarding forward-looking statements, including risks related to project delivery, capital requirements, revenue realization, energy market volatility, regulatory changes, and the unpredictability of digital asset prices. Actual results may differ materially from projections due to these and other factors.

Contact Information

CEO: Michel Amar
Email: [email protected]
Investor Relations: [email protected]
Website: www.digipowerx.com

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should consider all publicly available information and consult their own advisors before making investment decisions. The information herein is based on company disclosures as of March 2, 2026, and may be subject to change. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from current expectations.

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