DGXX · Digi Power X Inc.

Digi Power X Inc. has secured its inaugural AI revenue contract through a significant 24-month agreement with SubQ AI, representing a pivotal commercial validation of the company's strategic shift to AI infrastructure. The contract, valued at approximately $19.6 million, includes a substantial upfront payment of about $2.95 million, providing immediate cash flow and de-risking the initial deployment phase. This agreement serves as the anchor customer for the company's NeoCloudz GPU-as-a-Service platform, demonstrating market acceptance of its bare metal, dedicated infrastructure model. Management emphasizes this as the official commercial launch of NeoCloudz and the operational commissioning of its AI factory, moving from a build phase to revenue generation. The deal involves providing SubQ AI with exclusive access to a fleet of the latest NVIDIA Blackwell GPUs, positioned as premium silicon for high-performance AI workloads. Importantly, the deployment leverages Digi Power X's vertically integrated model, utilizing company-owned, Rated 3-engineered data center facilities with redundant power, which management cites as margin-preserving through owned power and real estate. Both companies express expectations for future expansion, with SubQ AI's roadmap contemplating scaling to several thousand GPUs and Digi Power X highlighting its secured capacity for approximately 4,000 Blackwell GPUs representing up to ~$120 million in potential annualized revenue. The company also indicates it is evaluating a Silicon Valley presence to accelerate its AI infrastructure roadmap and hire senior AI engineers, suggesting this initial contract is viewed as a foundation for broader platform scaling.