Digi Power X Files Amended and Restated Prospectus Supplement for its Existing At-the-Market Equity Program

Executive Summary

• Digi Power X Inc. filed an amended and restated prospectus supplement (A&R Prospectus) that updates its existing US$250 million base shelf prospectus.
• The filing authorizes the company to sell up to US$200 million of subordinate voting shares (“SV Shares”) under its at‑the‑market equity program (ATM Equity Program).
• Proceeds from any future ATM sales will be used for general corporate purposes, including working capital, data‑center construction, debt repayment and potential acquisitions.

Key Details

• The A&R Prospectus supplement dated November 18 2025 amends and restates the prospectus supplement dated May 30 2025.
• The ATM Equity Program, originally established under an agreement with A.G.P./Alliance Global Partners on May 30 2025, now permits sales of SV Shares with aggregate offering price up to US$200 million.
• To date, the company has distributed 20,078,450 SV Shares for gross proceeds of approximately US$76.49 million under the May 30 2025 supplement.
• Sales will be made on‑market in the United States (Nasdaq Capital Market or other U.S. trading venues); no sales are permitted on the TSX Venture Exchange or any Canadian market.
• The ATM Equity Program may be terminated by either party at any time, and timing/volume of future sales will be at the sole discretion of Digi Power X management.
• Net proceeds from any future ATM sales are intended for:
• General corporate purposes
• Funding ongoing operations / working capital
• Completing construction of the company’s data center
• Repaying outstanding indebtedness
• Pursuing potential acquisitions to expand mining capacity and build out AI/HPC network.
• The A&R Prospectus is filed with U.S. (SEC Form F‑10) and Canadian provincial regulators; it is available on SEDAR+ and the SEC’s EDGAR website.

Notable Quotes

(No direct quotes were provided in the release.)