$200M Debt Financing Secured for Alabama AI Data Center, No ATM Dilution in Q3
DGXX sits 59% above its 52-week low of $1.86.
Summary
Digi Power X announced a $200 million debt financing commitment, syndicated by Goldman Sachs, to complete its 40 MW AI data center in Columbiana, Alabama. The financing is structured at a project SPV level with an unsecured company guarantee through project completion, and is expected to close within 90 days. The company also disclosed it issued no shares under its ATM program during Q3 2026, avoiding further dilution. Construction remains on schedule with Phase 1 completion expected in December 2026 and Phase 2 in March 2027. The company held approximately $135 million in cash and has invested $153 million in capex year-to-date. This follows the Q2 2026 results that showed first AI revenue and a $1.1 billion contracted backlog. The debt financing reduces reliance on equity issuance and supports the transition from infrastructure development to revenue generation.
At the time of this announcement, DGXX was trading at $2.96 on NASDAQ in the Technology sector, with a market capitalization of approximately $306.2M. The 52-week trading range was $1.86 to $9.20. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: ACCESS Newswire.