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Digi Power X Signs AI Colocation Agreement with Leading AI Compute Company for 40 MW Data Center in Columbiana, Alabama
MIAMI, FL / ACCESS Newswire / May 5, 2026 / Digi Power X Inc. (Nasdaq:DGXX)(Cboe Canada:DGX) (...
About this update from Digi Power X Inc.
[{"type":"text","content":"Digi Power X Signs AI Colocation Agreement with Leading AI Compute Company for 40 MW Data Center in Columbiana, AlabamaMIAMI, FL / ACCESS Newswire / May 5, 2026 / Digi Power X Inc. (Nasdaq:DGXX)(Cboe Canada:DGX) (the \"Company\" or \"Digi Power X\"), an AI data center infrastructure operator, today announced the execution of a Master Services Agreement (the \"Agreement\") with Cerebras Systems (the \"Customer\") for the colocation of a purpose-built, 40 megawatt (\"MW\") AI data center campus located in Columbiana, Alabama (the \"Facility\").The initial 10-year term is valued at approximately $1.1 billion, with total potential contract value of up to $2.5 billion inclusive of renewal terms - underpinned by a structure that provides Digi Power X with long-term revenue visibility, and Cerebras with guaranteed data center capacity, from the first day of service.Digi Power X will develop and deliver the Facility in two phases: Phase 1 comprising 15 MW of IT load, followed by Phase 2 delivering an incremental 25 MW for a combined total of 40 MW. The Facility will be purpose-built to Tier III infrastructure standards optimized for the high-density thermal requirements of next-generation AI accelerator hardware.This Agreement reflects the deep commitment that both companies are making to the Columbiana campus - a facility designed from the ground up around the power density and reliability demands of frontier AI compute.\"This agreement is transformational for Digi Power X. Signing a $1.1 billion anchor contract with a premier AI compute company is validation of everything we have built - our team, our sites, our infrastructure capabilities, and our vision for what a next-generation data center operator looks like. We are no longer building toward the top tier of this industry. We are in it.\"- Michel Amar, Chairman & Chief Executive Officer, Digi Power X Inc.Immediate Construction & Accelerated DeploymentDigi Power X will commence construction immediately on Phase 1, reflecting the Company's readiness across power, site development and long-lead equipment procurement.Initial Deployment40MW critical IT loadConstruction StartImmediatePhase 1 Ready-for-ServiceTargeted December 15, 2026Full DeploymentTargeted by end of Q1 2027The Columbiana, Alabama campus was selected for its access to robust power infrastructure, a favorable reg...