Digi Power X Inc (NASDAQ:DGXX, TSX-V:DGX) has filed an amended and restated prospectus supplement to support ongoing share sales under its at-the-market (ATM) equity program of up to US$200 million.
The amended filing updates a May 30 supplement tied to the company’s US$250 million base shelf prospectus cleared earlier this year.
Under its existing ATM sales agreement with AGP/Alliance Global Partners, Digi Power X may sell subordinate voting shares on the Nasdaq Capital Market or other US trading venues at prevailing market prices.
Digi Power X plans to use any proceeds for general corporate purposes, including funding operations, working capital, construction of its data centre, debt repayment and potential acquisitions aimed at expanding mining capacity and building its planned AI and high-performance computing network.
The company has sold 20,078,450 shares to date for gross proceeds of about US$76.5 million under the May 30 supplement.