Northwire Canada EditionSunday, October 18, 2026
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Financings

Hans Vestberg Co-Founds Next Phase of US Data Centers Inc. with Digi Power X to Deploy Modular AI Infrastructure at Scale

DGX · Price

Executive Summary

  • Digi Power X announced the launch of the next development phase of US Data Centers, Inc. (USDC), a dedicated AI‑infrastructure platform, funded through a private capital raise.
  • USDC issued 3,200,000 shares of Preferred Stock at a $10 million valuation, raising approximately US$800,000; Digi Power X remains the majority shareholder (>50% common equity).
  • Hans Vestberg (former Verizon CEO) joins as Co‑Founder and Senior Advisor to USDC; insiders received 10.2 million shares of USDC common stock for services, disclosed as a related‑party transaction.

Key Details

  • Financing Structure – Preferred Stock issuance: 3,200,000 shares, total proceeds US$800,000, valuing USDC at ~US$10 M.
  • Equity Ownership – Digi Power X retains >50% of USDC common stock; insiders collectively received 10,200,000 common shares for services.
  • Strategic Partnership – Hans Vestberg appointed Co‑Founder & Senior Advisor to guide AI infrastructure manufacturing and deployment.
  • Business Model – USDC will manufacture, distribute, and deploy modular Tier III‑certified AI data center units (ARMS™ platform) targeting hyperscalers, enterprises, sovereign initiatives, and colocation tenants.
  • Product Highlight – ARMS 200 system installed at Digi Power X’s Alabama site; designed for rapid scaling of high‑density GPU clusters.
  • Revenue Streams – Direct infrastructure manufacturing, deployment services, and leasing to AI compute customers.
  • Related Party Transaction Disclosure – Insiders issued 10.2 M USDC common shares in exchange for services; transaction deemed exempt from formal valuation/approval under MI 61‑101 (≤25% of market cap).
  • Regulatory Notice – The release does not constitute an offer or solicitation of securities in any jurisdiction where such would be unlawful; USDC securities are unregistered in the United States.

Notable Quotes

“We are extremely excited to partner with Hans Vestberg… His involvement will significantly strengthen USDC's ability to build a next‑generation AI infrastructure platform.” – Michel Amar, Chairman & CEO, Digi Power X

“The global demand for AI computing is accelerating at an unprecedented pace… I see a clear opportunity for US Data Centers, Inc. to lead this space.” – Hans Vestberg, Co‑Founder & Senior Advisor, USDC

Read the original news release →

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