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SEC filingDigi Power X commits $35 million to acquire NVIDIA Vera Rubin systems, reports strong cash position, and provides key operational milestones.
Digi Power X's $35 million commitment to acquire NVIDIA's next-generation Vera Rubin systems marks a strategic move to strengthen its NeoCloudz GPU-as-a-Service platform. The deployment, expected in Q1 2027, positions the company to offer advanced AI infrastructure to customers. The company's strong cash position of approximately $150 million as of June 3, 2026, along with $65 million already deployed into its Alabama data center site from internal resources, demonstrates self-funded growth capability. Operational milestones de-risk the buildout: Phase 1 of the flagship campus is on track for December 15, 2026, with full 40 MW targeted by Q1 2027, and all long-lead equipment is secured. NeoCloudz went live May 15, 2026, and is already generating AI revenues, validating the business model. Management is also pursuing project-level debt financing to further fund expansion while preserving equity. The establishment of a Silicon Valley office underscores the company's focus on attracting top engineering talent and deepening ties with the AI ecosystem. These developments collectively signal Digi Power X's transition from a digital infrastructure operator to a vertically integrated AI infrastructure company, with clear milestones and financial strength supporting its growth plan.