Digi Power X Inc (NASDAQ:DGXX, TSX-V:DGX) closed a $15 million registered direct offering of 4.8 million shares at $3.12 each on July 23, with a single institutional investor.
The financing boosts DGXX’s cash reserves to over $30 million, with no long-term debt.
Proceeds will fund expansion of its NeoCloud AI infrastructure, accelerate ARMS 200 pod deployment, support joint ventures and energy projects, and extend its operating runway.