Digi Power X advances AI data center expansion with $35M Nvidia buy
Jun 3, 2026, 9:32 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
A formal $35M hardware purchase and multi-quarter data-center expansion with a cash-rich balance sheet reduces financing risk and supports revenue growth expectations; early AI revenue in May adds credibility. Similar capex-driven stock moves followed data-center announcements in semis and cloud infra, with 6-12% intraday moves and multi-quarter upside when milestones approach.
AI summary
What happened, with direct paths to the underlying reporting
DGXX unveiled a $35 million Nvidia Vera Rubin purchase to boost its NeoCloudz AI platform. Phase 1 targets 15 MW ready by Dec 15, 2026, with 40 MW by the end of the first fiscal quarter of 2027. The plan relies on cash on hand and project-level financing to scale data-center capacity.
Digi Power X commits $35M for Nvidia Vera Rubin systems. Initial deployment targeted for Q1 2027.
Phase 1 targets 15 MW; ready Dec 15, 2026; 40 MW by 1Q2027.
On-site substation, grid interconnection complete; power delivery agreement in place.
NeoCloudz processing AI workloads since May; first AI revenue in May.
Cash $150M; $65M deployed into Alabama YTD.
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