Digi Power X Secures US$75M ATM Equity Program for AI Data Center Buildout
Digi Power X entered an amended and restated at-the-market equity offering agreement with A.G.P./Alliance Global Partners allowing sales of subordinate voting shares up to US$75 million. Net proceeds may fund Tier 3 AI data center construction, repay debt, support ongoing operations and potential power infrastructure acquisitions.
1. Amended ATM Equity Agreement
On April 9, 2026, the company entered into an amended and restated at-the-market equity offering agreement with A.G.P./Alliance Global Partners, replacing its previous May 2025 sales agreement to facilitate ongoing share issuances.
2. Program Capacity and Mechanics
Under the ATM Equity Program, the company may sell subordinate voting shares having an aggregate offering price up to US$75 million directly on Nasdaq or another U.S. trading market at prevailing market prices, with volume and timing determined at management’s discretion; offerings are excluded in Canada.
3. Use of Proceeds
Net proceeds from any share sales will be used for general corporate purposes, including funding ongoing operations and working capital, completing Tier 3 data center construction, repaying outstanding indebtedness, and pursuing power infrastructure acquisitions to expand its AI and HPC network capacity.
4. Strategic AI Infrastructure Pivot
The company is executing a strategic pivot into AI data centers and GPU-as-a-Service, targeting 400 megawatts of AI capacity across Alabama, Upstate New York and North Carolina to position itself as a leading independent AI infrastructure provider in North America.