Digi Power X Secures NVIDIA Vera Rubin Systems, Advancing its AI Infrastructure and Strengthening the NeoCloudz Platform

Executive Summary

• Digi Power X committed $35 million to purchase NVIDIA's next-generation Vera Rubin GPU systems to expand its NeoCloudz GPU-as-a-Service business, with initial deployment targeted for Q1 2027.
• The company provided a positive operational update, confirming Phase 1 of its purpose-built AI data center campus (15 MW) is on track for a December 15, 2026 ready-for-service date, with full 40 MW deployment targeted by the end of Q1 2027.
• NeoCloudz has been live since May 15, 2026, processing AI workloads and generating revenue, while the company maintains a strong cash position of ~$150 million and is arranging non-dilutive project financing for expansion.

Key Details

• NVIDIA Vera Rubin Purchase: $35 million commitment; rack-scale successor to Blackwell pairing Rubin GPUs (288GB HBM4) with the 88-core Vera CPU over NVLink 6; initial deployment targeted for Q1 2027 (subject to NVIDIA's production/delivery schedule); to be funded from cash on hand and offered through NeoCloudz.
• Phase 1 Buildout Status: 15 MW IT load targeting a ready-for-service date of December 15, 2026; dedicated on-site substation complete; grid interconnection finalized; power delivery agreement with local utility secured.
• Equipment Secured: All long-lead equipment for Phase 1 secured, including critical electrical and switchgear infrastructure, mitigating key schedule risks.
• NeoCloudz Operations: GPU-as-a-Service platform launched May 15, 2026; continuously processing AI workloads on deployed NVIDIA B200 and B300 GPUs; recognized first AI-related revenues in May 2026.
• Full Deployment Target: 40 MW total capacity targeted for completion by the end of the first fiscal quarter of 2027.
• Financing & Liquidity: Pursuing non-dilutive project-level debt financing for expansion; as of June 3, 2026, holds approximately $150 million in cash and cash equivalents; roughly $65 million already deployed into the Alabama site year-to-date from internal resources.
• Conference Attendance: CEO Michel Amar and President Alec Amar attending the Datacloud Congress 2026 in Cannes, France, to engage with hyperscalers, data center operators, cloud providers, investors, and energy companies.

Notable Quotes

• Paul Ciullo, Chief Financial Officer: "We are funding this expansion from a position of real strength... As of June 3, 2026, the Company had approximately $150 million in cash and cash equivalents, with roughly $65 million of capital already deployed into our Alabama site year-to-date, entirely from our own resources. We continue to focus on advancing our growth plan without compromising our balance sheet as we finalize project-level financing for the next phase."
• Alec Amar, President: "To support our growth, we are investing in the people who will scale this platform... Alongside our Chief Technology Officer, Jagan Jeyapaul, we are building out our engineering and operations team at our new Silicon Valley office, placing us at the center of the AI ecosystem and closer to the customers, partners, and talent driving the next phase of our growth."