Digi Power X Inc. (NASDAQ:DGXX) shares are trading higher Wednesday after the company announced a $35 million commitment to purchase Nvidia’s Vera Rubin platform to expand its NeoCloudz GPU-as-a-Service business.
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Digi Power X Expands AI Infrastructure And Provides Operations Update
Digi Power said it committed $35 million to acquire Nvidia Vera Rubin systems, Nvidia’s rack-scale successor to Blackwell. Initial deployment is targeted for the first quarter of 2027, subject to Nvidia’s production and delivery schedule. The company said it intends to fund the purchase with cash on hand and offer the capacity through NeoCloudz.
The company also provided an operations update, noting that development of its purpose-built AI data center campus remains on schedule. Phase 1, representing 15 megawatts of IT load, is targeting a ready-for-service date of Dec. 15, 2026, with full 40-megawatt deployment targeted by the end of the first fiscal quarter of 2027.
Digi Power said the dedicated on-site substation serving Phase 1 has been completed, grid interconnection has been finalized and a power delivery agreement with the local utility is in place.
The company also said it has secured commitments for all major long-lead equipment required for the Phase 1 buildout, including critical electrical and switchgear infrastructure.
Additionally, Digi Power said its NeoCloudz GPU-as-a-Service platform has been continuously processing AI workloads on deployed Nvidia B200 and B300 GPUs since May 15 and recognized its first AI-related revenue in May.
CFO Paul Ciullo said the company had approximately $150 million in cash and cash equivalents as of June 3, with roughly $65 million of capital deployed into its Alabama site year-to-date.
Digi Power said it is also arranging project-level financing to support its data center expansion and expects to provide additional details upon execution of definitive documentation.
Digi Power Shares Rise
DGXX Price Action: At the time of publication, Digi Power shares are trading 6.36% higher at $8.36, according to data from Benzinga Pro.
This illustration was generated using artificial intelligence via Midjourney.
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