Digi Power X Inc. (NASDAQ:DGXX)(Cboe Canada:DGX) (the "Company"), an AI data center infrastructure operator, today announced the upsizing by US$100 million of the previously announced "at-the-market" equity offering program (the "ATM Equity Program") established with A.G.P./Alliance Global Partners (the "Agent") pursuant to an amended and restated sales agreement dated April 9, 2026 (the "ATM Agreement").

On May 8, 2026, the Company filed a prospectus supplement to increase the size of the ATM Equity Program pursuant to which the Company may offer and sell, from time to time through the Agent, subordinate voting shares of the Company ("SV Shares") having an aggregate offering price of up to US$175 million. Sales of SV Shares, if any, in the ATM Equity Program are anticipated to be made in transactions that are deemed to be "at the market offerings" as defined in Rule 415(a)(4) under the U.S. Securities Act of 1933, as amended, directly on the Nasdaq Capital Market or another trading market for the SV Shares in the United States at the market price prevailing at the time of each sale. No SV Shares will be offered or sold under the ATM Equity Program in Canada, to anyone known by the Agent to be a resident of Canada or over or through the facilities of Cboe Canada or any other exchange or market in Canada. The ATM Equity Program may be terminated by either party at any time.

The Company intends to use the net proceeds of the ATM Equity Program, if any, primarily for general corporate purposes, including funding ongoing operations and/or working capital requirements, completing construction on the Company's Tier 3 data center facilities, repaying indebtedness outstanding from time to time, and completing potential acquisitions to expand power infrastructure capacity and build out its planned AI and HPC network.