MIAMI, FL — March 2, 2026 — Leads & Copy — Digi Power X Inc., a vertically integrated AI infrastructure company, is transitioning from Bitcoin mining to focus on the rapidly growing Tier 3 data center market.
The company provided an update on its financial position and the execution of its AI infrastructure strategy. All monetary references are in U.S. dollars unless otherwise indicated.
Digi Power X expects its first ARMS 200 modular data center system at its Alabama site to be commissioned and providing live operations with customer workload GPUs by the third week of March 2026. Full commissioning of the entire ARMS 200 system, with the ability to generate GPU-as-a-Service rental AI income, is anticipated by the beginning of April 2026, with 10 megawatts (MW) of pods operational at its Alabama facility by Q3 2026.
The company expects to begin generating its first AI-derived revenue in April 2026 through its GPU-as-a-Service platform. Based on current market pricing for server rentals and assuming near-capacity utilization rates, Digi Power X anticipates revenues of approximately $15 million per MW deployed. With 10 MW of capacity targeted for deployment by Q3 2026, the company believes it will be well-positioned for a significant and scalable revenue base as additional capacity comes online across its Alabama and New York sites.
Production of five additional ARMS 200 units has been completed for deployment at the company’s North Tonawanda, New York location and will be commissioned at the site, anticipated by the end of Q2 2026.
Digi Power X held approximately $80 million in cash, Bitcoin, Ethereum, and cash deposits as of February 27, 2026. This includes ~$62 million in cash available, ~$12 million in BTC & ETH holdings and ~$6 million in cash deposits. These figures are based on a BTC price of $66,000 and ETH price of $2,000 as of February 28, 2026, per CoinMarketCap.
The company has invested approximately $13.1 million in infrastructure asset purchases year to date through Feb 28, 2026, with an additional approximately $20 million forecasted by the end of Q3 2026, to continue its infrastructure expansion and launch its GPU-as-a-Service vertical. Expected total CapEx by end of Q3 2026 is ~$33.1 million. Expected Annualized Revenue per MW (for full year of deployment) is ~$15 million and Annualized Revenue Potential at 10 MW (full year of deployment) is ~$150 million.
The company believes its current liquidity positions it to carry out the rollout of its 2026 AI infrastructure development plan, which includes the planned deployment of high-efficiency Tier 3 AI data centers and expansion of the company’s power capacity across multiple U.S. sites.
Digi Power X remains debt-free. During January and February 2026, the company participated in load curtailment due to high energy costs associated with weather conditions across its locations, providing crucial grid reliability to surrounding electric consumers.
On January 7, 2026, the company announced a non-binding letter of intent with Omnis Pleasants LLC, owner of the Pleasants Power Station, a 1.3 gigawatt power generation facility in West Virginia, to pursue a strategic partnership supporting large-scale AI and high-performance computing infrastructure. The parties intend to conduct a load and interconnection study of up to 1.3 GW, evaluating long-term power availability and grid connectivity for energy-intensive computing applications. The proposed partnership also contemplates a long-term lease of up to 200 acres of land for Digi Power X to deploy AI and advanced computing infrastructure utilizing its ARMS modular Tier III data center platform. Digi Power X has extended its due diligence efforts for an additional 120 days.
Hans Vestberg, former Chairman and CEO of Verizon Communications, has joined Digi Power X as a senior advisor serving on its Advisory Board to support the company’s expansion strategy. Vestberg has worked with Digi Power X’s executive team on AI infrastructure deployment strategy and scaling frameworks, distributed and edge-compute architectures for inference-driven workloads, strategic partnerships with hyperscalers, enterprises, and infrastructure stakeholders, power optimization and energy-efficient data center design, Tier 3 redundancy and mission-critical reliability standards, and international expansion strategy and site prioritization.
Digi Power X uplisted to Cboe Canada effective at market open on February 27, 2026. Following the uplisting from the TSX Venture Exchange to Cboe Canada, the company’s subordinate voting shares continue to trade under the symbol “DGX” on Cboe Canada, and the shares continue to be listed on Nasdaq and trade under the symbol “DGXX.” The Company remains a “reporting issuer” under applicable Canadian securities laws following the transition.
Digi Power X connects its infrastructure strategy with a Tier 1 stock exchange known for supporting emerging sectors and enhancing capital formation by listing on Cboe Canada.
Digi Power X is an energy infrastructure company that develops Tier 3-certified modular AI data centers and drives the expansion of sustainable energy assets.
Source: Digi Power X
