Mr. Michel Amar reports

DIGI POWER X SIGNS AI COLOCATION AGREEMENT WITH LEADING AI COMPUTE COMPANY FOR 40 MW DATA CENTER IN COLUMBIANA, ALABAMA

Digi Power X Inc. has executed a master services agreement with Cerebras Systems (the customer) for the co-location of a purpose-built, 40-megawatt (MW) AI data centre campus located in Columbiana, Alabama.

The initial 10-year term is valued at approximately $1.1-billion, with total potential contract value of up to $2.5-billion inclusive of renewal terms -- underpinned by a structure that provides Digi Power X with long-term revenue visibility and Cerebras with guaranteed data centre capacity, from the first day of service.

Digi Power X will develop and deliver the facility in two phases: phase 1 comprising 15 MW of IT load, followed by phase 2 delivering an incremental 25 MW for a combined total of 40 MW. The facility will be purpose built to Tier III infrastructure standards optimized for the high-density thermal requirements of next-generation AI accelerator hardware.

This agreement reflects the deep commitment that both companies are making to the Columbiana campus -- a facility designed from the ground up around the power density and reliability demands of frontier AI compute.

"This agreement is transformational for Digi Power X. Signing a $1.1-billion anchor contract with a premier AI compute company is validation of everything we have built -- our team, our sites, our infrastructure capabilities and our vision for what a next-generation data centre operator looks like. We are no longer building toward the top tier of this industry. We are in it," stated Michel Amar, chairman and chief executive officer, Digi Power X.

Immediate construction and accelerated deployment

Digi Power X will commence construction immediately on phase 1, reflecting the company's readiness across power, site development and long-lead equipment procurement.

The Columbiana, Alabama, campus was selected for its access to robust power infrastructure, a favourable regulatory environment and proximity to major fiber corridors serving the southeastern United States. Digi Power X owns the underlying real property, providing a balance-sheet-backed development platform that differentiates the company from lease-dependent competitors.

The company has already completed construction of the dedicated on-site substation serving phase 1, with grid interconnection finalized and a power delivery agreement in place with Alabama Power -- minimizing two of the most significant development risk factors typically associated with large-scale data centre projects and positioning the Columbiana campus for an accelerated construction timeline.

Digi Power X plans to commence site development immediately and targets phase 1 ready-for-service in December, 2026, with phase 2 delivery to follow. Phase 1 construction is being self financed by the company, reflecting Digi Power X's financial commitment to the Columbiana campus and its confidence in the long-term value of this partnership.

"This deal is a statement. Closing a contract of this magnitude with one of the prominent emerging companies of the AI era signals Digi Power X is a serious player operating at the highest level. This is the kind of landmark transaction that we believe will open the door to additional sophisticated tenants, lenders and partners," stated Alec Amar, president, Digi Power X.

"The buildout of high-density AI infrastructure is one of the defining challenges of our generation, on the scale of the rollout of 4G and 5G that transformed global connectivity. This agreement reflects Digi Power X's vision, the strength of its team and its ability to execute as a foundational player. I'm proud to be part of what Digi Power X is building," stated Hans Vestberg, senior adviser, Digi Power X Inc.; former chairman and chief executive officer, Verizon Communications; member, board of directors, BlackRock.

Strategic significance

The agreement is expected to be a core driver of Digi Power X's forward revenue growth.

• Revenue commencement: expected late 2026;
• Full revenue ramp: upon completion of full deployment, targeted in Q1 2027;
• Upside: customer expansion option for an additional $1.4 -billion.

About Digi Power X Inc.

Digi Power X is an AI (artificial intelligence) infrastructure company, operating a vertically integrated portfolio of power assets and data centre capacity across Alabama, New York and North Carolina, with approximately 400 megawatts of secured power across its sites. The company's NeoCloudz platform delivers GPU-as-a-service on dedicated, bare metal Nvidia infrastructure.

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