Mr. Michel Amar reports

HANS VESTBERG, FORMER VERIZON CHAIRMAN AND CEO, JOINS DIGIPOWER X AS SENIOR ADVISOR

Hans Vestberg, former chairman and chief executive officer of Verizon Communications, has joined Digi Power X Inc. as a senior adviser serving on its advisory board to support the company's expansion strategy.

Mr. Vestberg brings more than three decades of global leadership in mission-critical infrastructure, telecommunications networks and large-scale capital deployment. He is widely recognized for leading Verizon's first commercial 5G deployment in 2018, and for advancing nationwide fiber, mobile edge computing and next-generation network architectures.

Prior to Verizon, Mr. Vestberg spent nearly three decades at Ericsson, including almost seven years as its chief executive officer, where he helped build and operate global infrastructure facilitating approximately 35 per cent of worldwide mobile traffic.

Mr. Vestberg's appointment comes at a time when AI (artificial intelligence) adoption is increasingly constrained, not by software or silicon, but by power availability, cooling capacity and deployment speed. Digipower X is working on addressing this challenge through the deployment of the AI-ready modular solution (ARMS) platform, designed to deliver Tier 3 modular AI data centres within approximately 180 days, supported by a vertically integrated power strategy and a growing portfolio of large-scale energy assets.

"Hans Vestberg built and scaled the physical infrastructure that helped enable the fibre, mobile and 5G revolutions," said Michel Amar, chairman and chief executive officer of Digipower X. "He understands what most of the market overlooks: AI's bottleneck isn't algorithms or chips, it's power, cooling and deployment speed. Hans knows how to execute infrastructure transformation at a national and global scale, and we expect his guidance will be invaluable as we expand our modular AI data centre footprint."

"I've spent over 30 years building the networks that move data," said Mr. Vestberg. "The next decade is about building the infrastructure that processes it. Digipower X is more than just a data centre company. It controls its power, is developing the ability to deploy Tier 3 infrastructure in the near term and is building a modular platform to address the exact constraints holding back large-scale AI deployment. Its focus on power availability and deployment speed first, real estate second, is exactly the right approach."

Infrastructure experience aligned with AI scale

During his tenure at Ericsson (2010 to 2016), Mr. Vestberg led more than 115,000 employees worldwide and positioned the company at the forefront of next-generation wireless technologies. At Verizon (2018 to 2025), he reshaped the organization around a network-first strategy, oversaw major investments in spectrum and fibre, and advanced distributed edge-compute capabilities to enable data-intensive and latency-sensitive applications.

Mr. Vestberg insightfully noted at Davos 2024 that "one of the most important infrastructures of this century is digital infrastructure," and that AI workloads will increasingly migrate from centralized hyperscale facilities toward distributed locations supporting real-time inference and enterprise demand.

Mr. Vestberg currently serves as a board member of BlackRock and Verizon.

Addressing the power and deployment constraint in AI infrastructure

Digipower X operates a combined cycle power plant and three additional operating sites, with more than 200 megawatts of power currently on line. The company has secured development capacity to support AI infrastructure expansion over the next three years, with the ability to develop up to an additional 1.5 gigawatts of power capacity, including at major sites in North Carolina and West Virginia.

In West Virginia, Digipower X has entered into a letter of intent relating to a 1.3-gigawatt power plant, which is being evaluated as a long-term site for AI data centre and advanced computing infrastructure deployment.

"Hans recognizes that national AI competitiveness depends on solving power availability and deployment speed," said Gerard Rotonda, board member of Digipower X and former chief financial officer of Deutsche Bank Wealth & Asset Management Americas. "His experience aligns directly with Digipower X's mission to deliver infrastructure at the scale and speed this market now requires."

Vestberg's strategic focus

In his advisory role, Mr. Vestberg will work closely with Digipower X's executive team on:

• AI infrastructure deployment strategy and scaling frameworks;
• Distributed and edge-compute architectures for inference-driven workloads;
• Strategic partnerships with hyperscalers, enterprises and infrastructure stakeholders;
• Power optimization and energy-efficient data centre design;
• Tier 3 redundancy and mission-critical reliability standards;
• International expansion strategy and site prioritization.

About Digi Power X Inc.

Digi Power is an innovative energy infrastructure company that develops Tier III-certified modular AI data centres and drives the expansion of sustainable energy assets.

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