Digi Power X begins next phase of USDC development

Executive Summary

• Digi Power X Inc. has launched the next phase of development for U.S. Data Centers Inc. (USDC), a dedicated AI infrastructure platform, through an independent private capital raise.
• Hans Vestberg, former CEO of Verizon and BlackRock board member, has joined as co-founder and senior adviser to USDC.
• The restructuring positions USDC as a stand-alone manufacturing and deployment platform for modular Tier III AI data centers, while Digi Power X retains majority ownership and focuses on energy-optimized digital infrastructure operations.

Key Details

• Corporate Structure: USDC is established as a stand-alone entity to lead manufacturing, distribution, and global deployment of modular AI data center infrastructure. Digi Power X continues to develop and operate energy-efficient digital infrastructure assets, including power generation and high-performance compute facilities.
• Leadership Appointment: Hans Vestberg serves as co-founder and senior adviser to USDC.
• Product Platform: The core offering is the ARMS (AI-Ready Modular Solution) platform, a proprietary, self-contained, Tier III-certified modular data center designed for rapid deployment of high-density AI computing infrastructure (GPU clusters for training, inference, and generative AI).
• Target Market: Hyperscalers, cloud service providers, enterprise customers deploying private AI infrastructure, sovereign AI initiatives, and co-location tenants.
• Financing Details:
  • USDC issued 3.2 million shares of preferred stock in an initial capital raising transaction.
  • Total proceeds: $800,000 (U.S.).
  • Implied valuation of USDC: Approximately $10 million (U.S.).
• Ownership: Digi Power X remains the majority shareholder of USDC, holding more than 50% of USDC's equity via common stock.
• Related Party Transaction:
  • Insiders (officers and directors of Digi Power X) were issued an aggregate of 10.2 million shares of common stock in USDC in exchange for services.
  • The transaction relied on an exemption from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 (MI 61-101), as the participation did not exceed 25% of the fair market value of USDC's market capitalization.
  • No material change report was filed 21 days prior to closing, cited as reasonable to complete the transaction expeditiously.

Notable Quotes

• Michel Amar, Chairman and CEO of Digi Power X: "We are extremely excited to partner with Hans Vestberg in this next phase of U.S. Data Centers Inc. Hans brings unparalleled experience in global telecommunications infrastructure and technology leadership. His involvement will significantly strengthen USDC's ability to build a next-generation AI infrastructure platform designed to meet the growing global demand for AI compute."
• Hans Vestberg, Co-founder and Senior Adviser to USDC: "The global demand for AI computing is accelerating at an unprecedented pace. It's a massive shift in the market. I see a clear opportunity for U.S. Data Centers Inc. to lead this space. By leveraging our scale and execution, we will build the next generation of infrastructure and create a truly world-class platform. I look forward to partnering with USDC leadership team to deliver on this vision and drive the business forward."