Digi Power X Inc. (NASDAQ: DGXX / TSX.V: DGX), a leader in AI and digital infrastructure, has announced a $15 million registered direct offering, with Titan Partners Group LLC acting as the sole placement agent. This strategic financial move involves the sale of 4,807,693 shares of common stock at $3.12 per share to a single new fundamental institutional investor, signaling strong confidence in Digi Power X's growth trajectory and technological innovations.
The proceeds from this offering are earmarked for the global expansion of Digi Power X's NeoCloud GPU-as-a-Service platform, which is pivotal for businesses leveraging AI and machine learning technologies. Additionally, funds will support the manufacturing and distribution of ARMS 200 Tier 3 modular data center pods, enhancing the company's footprint in the digital infrastructure space. With the closing of this offering, Digi Power X anticipates holding over $30 million in cash, free from long-term debt, positioning it favorably for future investments and strategic deployments.
This financial infusion is not just a milestone for Digi Power X but also underscores the growing importance of AI and digital infrastructure in today's economy. The successful closure of this offering, expected by July 22, 2025, pending TSX Venture Exchange approval, reflects the increasing investor interest in technologies that power the next generation of digital services and solutions. For more details on the offering, visit https://ibn.fm/BhO5M.
