Digi Power X Closes Direct Offering, Strengthening Financial Base

Digi Power X Closes $15 Million Direct Stock Offering
Digi Power X Inc. (NASDAQ: DGXX), a leader in AI and digital infrastructure, has successfully closed a significant registered direct stock offering, raising approximately $15 million. This remarkable financial achievement underscores the company's robust operational strategy and the continual growth of interest in its innovative infrastructure offerings.
Details About the Offering
The offering involved the issuance of 4,807,693 shares of common stock, priced at U.S. $3.12 per share. This strategic move took place under an effective shelf registration statement, ensuring compliance with regulatory requirements. The successful completion of this offering marks a pivotal moment in the company’s financial trajectory, catapulting its cash reserves to over U.S. $30 million, entirely free of long-term debt.
Growing Interest in AI Infrastructure
Digi Power X's offering was catered to a single new institutional investor, reflecting the increasing confidence in the company's scalable AI infrastructure approach. The company's proprietary ARMS 200 Tier 3 modular data center platform and NeoCloud GPU-as-a-Service infrastructure have positioned it uniquely in the competitive landscape, attracting significant institutional backing.
Intended Use of Proceeds
The capital raised from this offering will play a crucial role in advancing several strategic objectives:
- Expand deployment of the NeoCloud Tier 3 AI infrastructure, leveraging cutting-edge NVIDIA B200 and B300 chips to enhance operational efficiency.
- Accelerate the manufacturing and global distribution of ARMS 200 units, significantly broadening market reach.
- Execute strategic joint ventures and energy deployments backed by power purchase agreements to ensure sustainable growth.
- Support ongoing operational needs and development of non-dilutive financing initiatives.
This plan represents a forward-thinking approach that aligns with Digi Power X's commitment to innovation and stability in energy infrastructure solutions.
About Digi Power X
Digi Power X (NASDAQ: DGXX) is at the forefront of AI and energy infrastructure innovation. The company specializes in designing and deploying advanced modular Tier 3 data centers through its ARMS platform, while providing superior GPU computing power via its NeoCloud service, built on robust energy frameworks. As a vertically integrated company, Digi Power X is poised to meet the increasing demands of the digital era.
Contact Information
For further inquiries, please reach out to Michel Amar, the Chief Executive Officer of Digi Power X Inc. You can also visit their website at www.digipowerx.com or connect with them on X: @DigipowerX. For investor relations, reach out via:
T: 888-474-9222
Email: IR@digihostpower.com
Frequently Asked Questions
What is the total raised from the offering?
Digi Power X raised approximately $15 million from the offering.
Who was the primary investor in this offering?
The offering was made to a single new fundamental institutional investor.
How will the proceeds be utilized?
The funds will be used to expand infrastructure, accelerate manufacturing, and support strategic partnerships among other objectives.
What is Digi Power X's current cash position?
The company currently holds over U.S. $30 million in cash with no long-term debt.
What products does Digi Power X offer?
Digi Power X provides modular Tier 3 data centers and GPU computing solutions through its ARMS and NeoCloud platforms.
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