Digi Power X Enters into LOI for Strategic Partnership With 1.3 GW Power Plant to Support AI Infrastructure Development

Executive Summary

• Digi Power X entered into a non‑binding LOI with Omnis Pleasants LLC to explore a strategic partnership involving up to 1.3 GW of power capacity for AI and high‑performance computing data centers.
• The agreement contemplates a long‑term lease of up to 200 acres for Digi Power X’s modular Tier III data center platform and a framework for Digi Power X to acquire >10 % equity in the Pleasants Power Station entity.
• Both parties will commence a load and interconnection study within 30 days, aiming to finalize definitive agreements within roughly 90 days, subject to regulatory approvals.

Key Details

• LOI Parties: Digi Power X Inc. (Nasdaq: DGXX / TSXV: DGX) and Omnis Pleasants LLC (“Pleasants”).
• Asset Target: Pleasants Power Station – a 1.3 GW power generation facility located in West Virginia.
• Study Scope: Comprehensive load and interconnection analysis of up to 1.3 GW to assess long‑term power availability and grid connectivity for AI/computing workloads.
• Land Lease: Potential lease of up to 200 acres for deployment of Digi Power X’s proprietary ARMS modular Tier III data center platform.
• Equity Alignment Framework:
• Mutual equity exchange based on fair market valuation.
• Pathway for Digi Power X to acquire an ownership stake exceeding 10 % in the power plant entity, contingent upon definitive documentation, agreed valuation, financing structure, and regulatory approvals.
• Hydrogen‑Transition Feasibility Study: Joint study with Pleasants on hydrogen transition opportunities for Digi Power X’s New York power assets.
• Timeline:
• Load/interconnection study to start within 30 days of LOI execution.
• Target execution of definitive agreements within ~90 days, subject to customary conditions and approvals.
• CEO Quote: “This strategic partnership will advance our strategy of pairing large‑scale, grid‑connected power assets with next‑generation AI infrastructure,” – Michel Amar, CEO.

Notable Quotes

"This strategic partnership will advance our strategy of pairing large-scale, grid-connected power assets with next-generation AI infrastructure," said Michel Amar, CEO of Digi Power X.

The release is a designated news release under the Company’s prospectus supplement and contains forward‑looking statements regarding the proposed partnership.