Digi Power X sets March launch for ARMS 200 AI system

Executive Summary

• Digi Power X announced the commissioning of its first ARMS 200 modular data centre system, targeting live GPU operations by mid-March 2026 and full revenue generation by April 2026.
• The company revealed a strategic Letter of Intent (LOI) to partner with Omnis Pleasants LLC for a 1.3 GW power plant in West Virginia, including a potential 200-acre land lease for AI infrastructure.
• The company uplisted to Cboe Canada, appointed former Verizon CEO Hans Vestberg as a senior advisor, and reported a debt-free status with $80 million in liquidity.

Key Details

• ARMS 200 Commissioning & Revenue Timeline:
  • First ARMS 200 unit finalized production at Alabama site.
  • Expected to provide live operations and customer workload GPUs by the third week of March 2026.
  • Full commissioning anticipated by the beginning of April 2026, generating GPU-as-a-service rental income.
  • 10 MW of pods targeted to be operational at the Alabama facility by Q3 2026.
  • Revenue projection: Approximately $15 million per MW deployed based on current market pricing and near-capacity utilization.
• Expansion Plans:
  • Five additional ARMS 200 units completed for deployment in North Tonawanda, N.Y.
  • Commissioning of New York units anticipated by the end of Q2 2026.
  • Evaluation of existing New York facilities for conversion into fully functional data centres.
• Financial Position & Capital Plan:
  • Cash, Bitcoin (BTC), Ethereum (ETH), and cash deposits held at approximately $80 million as of Feb. 27, 2026.
  • Company remains debt-free.
  • Year-to-date infrastructure asset purchases: ~$13.1 million.
  • Forecasted additional investment of ~$20 million by the end of Q3 2026 for infrastructure expansion and GPU-as-a-service launch.
• Strategic Partnership (LOI):
  • Non-binding LOI signed on Jan. 7, 2026, with Omnis Pleasants LLC regarding the Pleasants Power Station (1.3 GW facility in West Virginia).
  • Parties to conduct a comprehensive load and interconnection study of up to 1.3 GW.
  • Contemplates a long-term lease of up to 200 acres for deploying AI and advanced computing infrastructure using proprietary ARMS modular Tier 3 data centres.
  • Due diligence extended by 120 days.
• Executive Appointment:
  • Hans Vestberg (former Chairman and CEO of Verizon Communications) joined as a senior advisor.
  • Focus areas include AI infrastructure deployment, edge-compute architectures, hyperscaler partnerships, power optimization, and international expansion.
• Exchange Uplisting:
  • Uplisted to Cboe Canada effective Feb. 27, 2026.
  • Shares continue to trade under symbol DGX on Cboe Canada and DGXX on Nasdaq.
• Operational Update:
  • Participated in load curtailment programs in January and February 2026 due to high energy costs, contributing to grid reliability.

Notable Quotes

• No direct quotes from the CEO/President were included in the provided text.