Digi Power X Inc. (NASDAQ:DGXX)(Cboe Canada:DGX) (the "Company" and "Digi Power X"), an AI data center infrastructure operator, today announced a $35 million commitment to purchase NVIDIA's next-generation Vera Rubin platform to expand its NeoCloudz GPU-as-a-Service business, and provided an update on operations and its financial position.

NVIDIA Vera Rubin Purchase

The Company has committed $35 million to acquire NVIDIA Vera Rubin systems - NVIDIA's rack-scale successor to Blackwell, pairing Rubin GPUs (288GB HBM4) with the 88-core Vera CPU over NVLink 6. Initial deployment is targeted for Q1 2027, subject to NVIDIA's production and delivery schedule. The Company intends to fund the purchase from cash on hand and to offer the capacity through NeoCloudz.

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.