Digi Power X Inc., formerly known as Digihost Technology Inc., is embarking on a significant expansion into high-performance computing (HPC) and artificial intelligence (AI) data centers. Through its wholly-owned subsidiary, US Data Centers, Inc., the company plans to transform its existing facility in Columbiana, Alabama, into a state-of-the-art Tier 3 data center. This facility is designed to support next-generation AI and HPC workloads, addressing the growing demand for robust computing infrastructure. (globenewswire.com)
Project Overview
The redevelopment of the Columbiana site is planned in two phases, with a total capacity of 55 megawatts (MW). Phase one aims to provide 22 MW of HPC capacity, with completion targeted for the second quarter of 2026. Phase two will add an additional 33 MW, expected to be operational by the first quarter of 2027. The total capital expenditure for this project is estimated at approximately $440 million, which Digi Power X intends to finance primarily through debt, leveraging anticipated future revenues. (globenewswire.com)
Strategic Significance
This strategic investment underscores Digi Power X’s commitment to expanding its infrastructure to meet the growing demand for AI-driven computing power and cloud services. By establishing US Data Centers as a dedicated subsidiary, the company is reinforcing its focus on delivering purpose-built infrastructure for the next generation of computing. (globenewswire.com)
Financial Position
As of April 30, 2025, Digi Power X maintains a strong financial position, with combined cash and Bitcoin holdings of approximately $10.2 million. The company continues to operate with zero long-term debt, supporting its capital flexibility and commitment to self-funding. In the first quarter of 2025, Digi Power X expended approximately $4.1 million on capital expenditures, mining infrastructure support equipment, deposits, and required payments to ensure carbon compliance. (stocktitan.net)
Industry Context
The demand for AI and HPC infrastructure is rapidly increasing, driven by advancements in AI applications and the need for high-density, low-latency computing power. Digi Power X’s initiative aligns with this trend, positioning the company to capitalize on the expanding market for AI-optimized data centers. (globenewswire.com)
By leveraging its existing assets and focusing on sustainable, scalable, and strategically positioned energy solutions, Digi Power X is poised to play a pivotal role in powering the digital economy and the energy grid of tomorrow. (digipowerx.com)
