Digi Power X Upsizes ATM Equity Program by $100 Million to $175 Million
Digi Power X increased its at-the-market equity offering program by $100 million to a total capacity of $175 million, selling subordinate voting shares through A.G.P./Alliance Global Partners at prevailing market prices. Net proceeds will fund Tier 3 data center construction, ongoing operations, debt repayment and power infrastructure acquisitions.
1. ATM Program Increase
On May 8, Digi Power X amended its sales agreement to increase the size of its at-the-market equity program by $100 million, lifting the aggregate offering capacity to $175 million.
2. Offering Mechanics
Under the amended program, subordinate voting shares will be offered and sold directly on the Nasdaq Capital Market through A.G.P./Alliance Global Partners at the market price prevailing at each sale, with either party able to terminate the program at any time.
3. Use of Proceeds
The company plans to use net proceeds for general corporate purposes, including funding ongoing operations, completing Tier 3 data center facilities, repaying outstanding debt and pursuing acquisitions to expand its power infrastructure and AI/HPC network.
4. Operational Footprint
Digi Power X operates a vertically integrated AI data center and power asset portfolio across Alabama, New York and North Carolina, with approximately 400 MW of secured power capacity and a NeoCloudz GPU-as-a-Service platform.