Digi Power X Inc. announced that it has signed a non-binding letter of intent with Omnis Pleasants LLC, owner of the 1.3-gigawatt Pleasants Power Station in West Virginia. The agreement outlines a framework for collaboration to leverage the power plant’s generation capacity in support of large-scale artificial intelligence and high-performance computing projects. By targeting the full 1.3 GW capacity, Digi Power X aims to secure long-term access to reliable, baseload power, a critical factor for energy-intensive AI operations that require continuous high-capacity electricity supply.

Under the LOI, the two parties will conduct a detailed load and interconnection study to evaluate grid connectivity, transmission line upgrades and substation requirements. The study is expected to quantify transmission losses, estimate upgrade costs and model peak load profiles over a 15-year horizon. Completion of this study, anticipated by Q3 2026, will provide the technical and financial basis for a definitive partnership agreement and will inform capital expenditure estimates, which industry sources project could range between $150 million and $250 million depending on grid upgrade needs.

Securing a partnership with a 1.3 GW facility positions Digi Power X to become a leading provider of dedicated power solutions for AI and high-performance computing clients, a market projected to grow at a compound annual rate of 20% through 2030. The company’s ability to offer direct access to baseload generation could differentiate it from competitors reliant on spot market power purchases. Investors should note that transitioning from LOI to a binding agreement will hinge on regulatory approvals from the Federal Energy Regulatory Commission and West Virginia’s Public Service Commission, with final investment decisions expected by late 2026.