secwatch.observer — SEC 8-K summary
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Issuer:     Digi Power X Inc. (DGXX)
CIK:        0001854368
Form:       8-K
Filed at:   2026-03-16T23:59:59+00:00
Accession:  0001213900-26-027983
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digi Power X clarifies USDC structure; holds 55% stake, revenues remain 100% at parent
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- Digi Power X holds 55% majority equity in US Data Centers, Inc. (USDC); USDC is an equipment manufacturer for ARMS modular AI data center systems.
- USDC does not own/operate data center sites; all Digi Power X-owned assets, pods, GPUs, and site revenue belong 100% to Digi Power X.
- Digi Power X has $80M cash, zero debt, $15M capex YTD, and zero share dilution in fiscal 2026 (as of March 16, 2026).
- ARMS200 system in Alabama in commissioning; go-live targeted late March 2026, first revenues expected April 2026.
- Former Verizon CEO Hans Vestberg holds ~35% founder equity in USDC; Digi Power X purchases ARMS systems at cost.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854368/000121390026027983/0001213900-26-027983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854368/000121390026027983/ea0281771-8k_digi.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-027983

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer