Mr. Michel Amar reports

DIGI POWER X SECURES NVIDIA VERA RUBIN SYSTEMS, ADVANCING ITS AI INFRASTRUCTURE AND STRENGTHENING THE NEOCLOUDZ PLATFORM

Digi Power X Inc. is committing $35-million to purchase Nvidia's next-generation Vera Rubin platform to expand its NeoCloudz GPU-as-a-Service business, and provided an update on operations and its financial position.

Nvidia Vera Rubin purchase

The company has committed $35-million to acquire Nvidia Vera Rubin systems -- Nvidia's rack-scale successor to Blackwell, pairing Rubin GPUs (288GB HBM4) with the 88-core Vera CPU over NVLink 6. Initial deployment is targeted for the first quarter of 2027, subject to Nvidia's production and delivery schedule. The company intends to finance the purchase from cash on hand and to offer the capacity through NeoCloudz.

Operations update

Flagship buildout on track: Development of the company's purpose-built artificial-intelligence data centre campus continues on schedule, with phase 1 (15 megawatts of IT load) targeting a ready-for-service date of Dec. 15, 2026 and full 40-megawatt deployment targeted by the end of the first fiscal quarter of 2027. The dedicated on-site substation serving phase 1 is complete, grid interconnection has been finalized and a power delivery agreement with the local utility is in place.

All long-lead equipment secured: The company has secured commitments for all major long-lead equipment required for the phase 1 buildout, including critical electrical and switchgear infrastructure. Securing this equipment removes a key schedule risk and supports the company's targeted ready-for-service timeline.

NeoCloudz live and generating AI revenues: The company's NeoCloudz GPU-as-a-Service platform has been successfully processing artificial-intelligence workloads on its deployed fleet of Nvidia B200 and B300 GPUs continuously since May 15, 2026, and recognized its first AI-related revenues in May, 2026.

Project financing moving forward: Consistent with its previously stated objective of financing expansion through non-dilutive debt where possible, the company is arranging project-level financing to support its data centre buildout. The company expects to provide further details upon execution of definitive documentation.

Strong, self-financed financial position: In addition to the expected project financing, the company continues to finance its expansion from its own resources, maintaining a strong cash position with capital deployed into the Alabama site year-to-date. See the comments from the company's chief financial officer below.

"We are funding this expansion from a position of real strength," said Paul Ciullo, chief financial officer of Digi Power X. "As of June 3, 2026, the company had approximately $150-million in cash and cash equivalents, with roughly $65-million of capital already deployed into our Alabama site year-to-date, entirely from our own resources. We continue to focus on advancing our growth plan without compromising our balance sheet as we finalize project-level financing for the next phase."

"To support our growth, we are investing in the people who will scale this platform," said Alec Amar, president of Digi Power X. "Alongside our chief technology officer, Jagan Jeyapaul, we are building out our engineering and operations team at our new Silicon Valley office, placing us at the centre of the AI ecosystem and closer to the customers, partners and talent driving the next phase of our growth."

Datacloud Global Congress 2026

The company is also pleased to announce that both Michel Amar and Alec Amar are attending the Datacloud Congress 2026 Conference this week in Cannes, France, a premier digital infrastructure event bringing together representatives from major hyperscalers, data centre operators, cloud providers, investors and energy companies.

About Digi Power X Inc.

Digi Power X is an AI infrastructure company, operating a vertically integrated portfolio of power assets and data centre capacity across Alabama, New York and North Carolina. The company's NeoCloudz platform delivers GPU-as-a-Service on dedicated, bare metal Nvidia infrastructure.

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