other material
confidence high
sentiment positive
materiality 0.85
Digi Power X signs $1.1B AI colocation deal with Cerebras for 40 MW Alabama facility
Digi Power X Inc.
- Initial 10-year contract valued at ~$1.1B; total potential value up to $2.5B with 7-year extension.
- Phase 1 (15 MW) targets ready-for-service Dec 15, 2026; Phase 2 (25 MW) targets full deployment by Q1 2027.
- Cerebras granted exclusive access for 40 MW; monthly colocation fees plus one-time construction payments.
- Phase 1 self-funded by Digi Power X; Phase 2 contingent on securing adequate financing.
- Columbiana campus owned by Digi Power X; substation completed, power agreement with Alabama Power.