Digi Power X Announces $200 Million Debt Financing Commitment to Support Completion of Alabama AI Data Center and Provides Expansion Update
Key Highlights
- ➤$200 million debt financing commitment supports 40 MW Alabama AI data center
- ➤Goldman Sachs-syndicated financing expected to close within 90 days, pending conditions
- ➤Alabama Phase 1 completion targeted for December 2026
- ➤Alabama Phase 2 completion targeted for March 2027
- ➤Approximately $135 million cash held as of October 13, 2026
Expert Statements
Michel Amar, Chairman and Chief Executive Officer of Digi Power X Inc.
“This financing commitment is an important step toward completing our Alabama campus while limiting dilution for our shareholders. We are progressing from infrastructure development toward revenue generation, with construction on schedule in Alabama, our first modular GPU deployment operating successfully, and expansion plans advancing across our portfolio.”
Alec Amar, President of Digi Power X Inc.
“We’re excited to unveil our AI token factory at NVIDIA GTC Berlin. Digi Power X owns the whole stack, from the power to the data center to the computer, and that’s how we deliver fast, affordable inference at scale.”
MIAMI BEACH, FL / ACCESS Newswire / October 13, 2026 / Digi Power X Inc. (Nasdaq:DGXX)(Cboe Canada:DGX) ("Digi Power X" or the "Company"), an AI data center infrastructure operator, today announced that it has received a commitment letter from a major lending institution for US$200 million in debt financing to support the development of its 40 MW AI data center in Columbiana, Alabama. The financing, syndicated by Goldman Sachs, is expected to close within 90 days, subject to definitive documentation and satisfaction of various conditions, including the lender's completion of its diligence efforts.
The financing is to be structured at a project special purpose vehicle ("SPV") level, with an unsecured Company guarantee through project completion and other limited matters. Proceeds are intended to support completion of the Alabama project and related project costs, helping preserve corporate liquidity, mitigate shareholder dilution and position the Company to pursue additional customer contracts.
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