Mr. Michel Amar reports

DIGI POWER X ANNOUNCES $200 MILLION DEBT FINANCING COMMITMENT TO SUPPORT COMPLETION OF ALABAMA AI DATA CENTER AND PROVIDES EXPANSION UPDATE

Digi Power X Inc. has received a commitment letter from a major lending institution for $200-million (U.S.) in debt financing to support the development of its 40-megawatt AI (artificial intelligence) data centre in Columbiana, Alabama. The financing, syndicated by Goldman Sachs, is expected to close within 90 days, subject to definitive documentation and satisfaction of various conditions, including the lender's completion of its diligence efforts.

The financing is to be structured at a project special purpose vehicle (SPV) level, with an unsecured company guarantee through project completion and other limited matters. Proceeds are intended to support completion of the Alabama project and related project costs, helping preserve corporate liquidity, mitigate shareholder dilution and position the company to pursue additional customer contracts.

"This financing commitment is an important step toward completing our Alabama campus while limiting dilution for our shareholders. We are progressing from infrastructure development toward revenue generation, with construction on schedule in Alabama, our first modular GPU deployment operating successfully and expansion plans advancing across our portfolio,"- stated Michel Amar, chairman and chief executive officer, Digi Power X.

Financial position and Alabama construction update

As of the date hereof, Digi Power X held approximately $135-million (U.S.) in cash and invested approximately $153-million (U.S.) in capital expenditures year to date in 2026. The company did not issue any shares under its at-the-market (ATM) equity offering program during the third quarter of 2026, resulting in no ATM-related shareholder dilution during the quarter.

Construction at the 40-megawatt Alabama campus remains on target, with phase 1 expected to be completed in December, 2026, and phase 2 in March, 2027.

ARMS 200 operations and supermicro partnership

The company's first ARMS 200 modular data centre has been operating successfully since May, 2026, supporting its GPU bare-metal business. The deployment demonstrates Digi Power X's ability to manage the infrastructure supporting these services, including power, cooling, data centre operations and GPU systems.

Digi Power X's partnership with Super Micro Computer Inc. (Supermicro) supports dedicated, bare-metal access to Nvidia Blackwell GPUs, enabling customers to deploy AI (artificial intelligence) workloads without building or managing the underlying infrastructure themselves. Supermicro recently highlighted the collaboration publicly, underscoring its role in powering Digi Power X's full-stack AI offering.

Digi Power X: expanding the AI token factory through NeoCloudz

Digi Power X plans to expand its AI token factory infrastructure through its NeoCloudz platform, using the proprietary ARMS modular data centre systems of U.S. Data Center Inc., a subsidiary of which the company is the largest shareholder, to support fast deployment. This expansion is intended to support the company's planned growth in GPU bare-metal services and AI token generation. Building on its initial ARMS 200 deployment, the company intends to deploy additional modular capacity to meet customer demand and grow recurring AI infrastructure revenue.

"We're excited to unveil our AI token factory at Nvidia GTC Berlin. Digi Power X owns the whole stack, from the power to the data centre to the computer, and that's how we deliver fast, affordable inference at scale," stated Alec Amar, president, Digi Power X.

New York transition to AI token factories

Digi Power X is in the planning phase to repurpose its New York State sites into AI token factories, expanding capacity for GPU bare-metal services and AI token generation. The planned conversion is designed to reduce site noise levels and incorporate closed-loop cooling systems designed to minimize water consumption by recirculating coolant without routine evaporative water use.

Silicon Valley development lab

The company has also acquired an office and laboratory facility in Silicon Valley to develop the technology and operational intelligence supporting its AI token factory strategy. Digi Power X is bringing together top talent in engineering, artificial intelligence and software development to accelerate innovation and strengthen its capabilities as it expands its GPU infrastructure and AI services.

About Digi Power X Inc.

Digi Power X is a fully integrated AI infrastructure company that owns and operates the whole stack, from power generation and data centres to the computers that run AI workloads. The company offers co-location for enterprise and hyperscale customers, bare metal GPU rental, and a token factory that delivers AI inference at scale. Because it controls the power, the infrastructure and the compute, Digi Power X can bring capacity on-line faster and more affordably.

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