Digi Power X enters LOI for Omnis partnership

Mr. Michel Amar reports DIGI POWER X ENTERS INTO LOI FOR STRATEGIC PARTNERSHIP WITH 1.3 GW POWER PLANT TO SUPPORT AI INFRASTRUCTURE DEVELOPMENT Digi Power X Inc. has entered into a non-binding letter of intent with Omnis Pleasants LLC, owner of the Pleasants Power Station, a 1.3-gigawatt power generation facility located in West Virginia, to pursue a strategic partnership supporting large-scale artificial intelligence and high performance computing infrastructure. Pursuant to the terms of the LOI, the parties intend to conduct a comprehensive load and interconnection study of up to 1.3 gigawatts, evaluating long-term power availability and grid connectivity for energy-intensive computing applications. The proposed strategic partnership also contemplates a long-term lease of up to 200 acres of land that would enable Digi Power X to deploy AI and advanced computing infrastructure utilizing its proprietary ARMS modular Tier 3 data centre platform. In addition, the LOI establishes a framework for potential equity alignment, including a mutual equity exchange between Digi Power X and Pleasants based on fair market valuation, as well as a defined pathway for Digi Power X to acquire an equity ownership stake in excess of 10 per cent in the power plant entity, subject to definitive documentation, agreed valuation, financing structure and applicable regulatory approvals. Separately, Digi Power X and Pleasants intend to collaborate on a hydrogen transition feasibility study for Digi Power X's New York power assets, aligning with broader decarbonization and energy transition initiatives. "This strategic partnership will advance our strategy of pairing large-scale, grid-connected power assets with next-generation AI infrastructure," said Michel Amar, chief executive officer of Digi Power X. "Pleasants offers the scale, land availability and electrical infrastructure required to support AI and high performance computing at meaningful, long-term levels." The parties expect to initiate the load study within 30 days and target execution of definitive agreements within approximately 90 days subject to customary conditions and approvals. About Digi Power X Inc. Digi Power X is an innovative energy infrastructure company that develops Tier 3-certified modular AI data centres and drives the expansion of sustainable energy assets. We seek Safe Harbor.