Digi Power X Secures $15 Million Equity Financing through Registered Direct Offering

Strategic Insights -

Digi Power X Inc., a vertically integrated AI and digital infrastructure company, has announced a definitive securities purchase agreement for the sale of 4,807,693 shares of common stock at an offering price of $3.12 per share. This registered direct offering is expected to bring in gross proceeds of approximately $15 million, solidifying the company's capital position and positioning it to accelerate the rollout of high-performance compute infrastructure and scale global operations.

Key Takeaways:

  • Digi Power X has entered into a definitive securities purchase agreement for the sale of 4,807,693 shares of common stock at an offering price of $3.12 per share.
  • The offering is expected to bring in gross proceeds of approximately $15 million, with no debt on the company's balance sheet.
  • The proceeds will be used to expand deployment of NeoCloud Tier 3 AI infrastructure powered by NVIDIA B200 and B300 chips, accelerate manufacturing and global distribution of ARMS 200 pods, and execute strategic joint ventures and PPA-backed energy deployments.
  • The offering was made to a single new fundamental institutional investor, underscoring growing interest in DGXX's scalable AI infrastructure strategy.
  • Immediately following the closing of the transaction, Digi Power X will hold over $30 million in cash and cash equivalents, with zero long-term debt on its balance sheet.
  • The company's CEO, Michel Amar, stated, "This financing solidifies DGXX's capital position as we transition from deployment to monetization, with a balance sheet free of long-term debt and with significant cash reserves."
  • The closing of the offering is subject to approval of the TSX Venture Exchange and customary closing conditions, and is expected to occur on or about July 22, 2025.

Statistics:

  • The offering price is $3.12 per share.
  • The Gross proceeds from the offering are approximately $15 million.
  • The company holds over $30 million in cash and cash equivalents immediately following the closing of the transaction.
  • The offering is being made pursuant to an effective shelf registration statement on Form F-10 (File No. 333-286520) previously filed with the SEC on April 14, 2025, and declared effective on May 20, 2025.

Sources:

  • Digi Power X Inc. news release, July 21, 2025
  • Form F-10 (File No. 333-286520) previously filed with the SEC on April 14, 2025