By Stock Titan
Publication Date: 2026-06-03 11:30:00
Digi Power X (Nasdaq:DGXX) committed $35 million to purchase NVIDIA’s next-generation Vera Rubin systems to expand its NeoCloudz GPU-as-a-Service platform. Initial deployment is targeted for Q1 2027, funded from cash on hand.
Phase 1 of its Alabama AI data center (15 MW) targets a December 15, 2026 ready-for-service date, with full 40 MW by end of Q1 2027. NeoCloudz has been live since May 15, 2026 and generated its first AI revenues in May. As of June 3, 2026, cash and equivalents were about $150 million, with roughly $65 million invested year-to-date into the Alabama site.
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AI-generated analysis. Not financial advice.
Positive
- $35 million commitment to NVIDIA Vera Rubin systems for NeoCloudz expansion
- Phase 1 15 MW AI data center ready-for-service targeted for December 15, 2026
- Full 40 MW Alabama campus deployment targeted by end of Q1 2027
- All major long-lead equipment for Phase 1 buildout reportedly secured
- NeoCloudz live since May 15, 2026 and generating initial AI revenues
- Approximately $150 million in cash and…