Digi Power X Inc. has secured a U.S.$15 million equity financing to strengthen its financial position and accelerate the growth of its AI infrastructure, enhancing its competitive edge in the rapidly evolving market.

Target Information

Digi Power X Inc. ("DGXX"), publicly traded on Nasdaq and TSX Venture Exchange, is a vertically integrated company specializing in artificial intelligence and digital infrastructure. The firm is recognized for its innovative approach to modular data center design through its ARMS 200 Tier 3 platform, alongside its advanced GPU-as-a-Service infrastructure via the NeoCloud portal. DGXX aims to deliver cutting-edge solutions that harness AI technologies and secure energy systems to meet the growing demands of modern enterprises.

With the recent announcement of a securities purchase agreement, DGXX has committed to selling 4,807,693 shares of common stock (or pre-funded warrants) priced at U.S.$3.12 per share. This offering, which is expected to generate approximately U.S.$15 million in gross proceeds, highlights the increasing interest from institutional investors in DGXX's scalable infrastructure strategies.

Industry Overview

The artificial intelligence and digital infrastructure sector in the United States is experiencing robust growth, fueled by advancements in technology and increasing demand for data processing capabilities. Companies in this industry are pivoting towards