09:05 AM EDT, 07/21/2025 (MT Newswires) -- Digi Power X ( DGXX ) , an AI and digital infrastructure company, on Monday said it will raise about US$15 million through a registered direct offering of common stock.

The company will sell about 4.8 million shares or pre-funded warrants at US$3.12 each to a single new institutional investor. The offering is expected to close on or about July 22.

The company expects to use the proceeds to expand deployment of NeoCloud Tier 3 AI infrastructure powered by NVIDIA B200 and B300 chips, accelerate manufacturing and global distribution of ARMS 200 pods, execute strategic joint ventures and PPA-backed energy deployments and to support operating runway and non-dilutive financing initiatives.

Immediately following the closing of the transaction, the company will hold over US$30 million in cash and cash equivalents, with zero long-term debt on its balance sheet.

"This financing solidifies DGXX's capital position as we transition from deployment to monetization," said Digi Power X ( DGXX ) Chief Executive Officer Michel Amar. "With a balance sheet free of long-term debt and with significant cash reserves, following the offering, we expect to be well-positioned to accelerate the rollout of high-performance compute infrastructure and scale global operations."

In U.S. pre-market trading, Digi Power X ( DGXX ) was last seen down 3% to $3.56.