Digi Power X Inc. (NASDAQ:DGXX) shares climbed 7% on Wednesday after the company announced plans to invest $35 million in NVIDIA’s next-generation Vera Rubin platform, a move designed to expand the capabilities of its NeoCloudz GPU-as-a-Service business.
Investment Targets Next Wave of AI Infrastructure
The agreement calls for the acquisition of NVIDIA Vera Rubin systems, the company’s forthcoming rack-scale architecture that succeeds the Blackwell platform.
The Vera Rubin design combines Rubin GPUs equipped with 288GB of HBM4 memory and NVIDIA’s 88-core Vera CPU, connected through NVLink 6 technology to support advanced AI workloads.
Deployment of the new systems is expected to begin during the first quarter of 2027, subject to NVIDIA’s manufacturing and delivery timetable. Digi Power X plans to finance the purchase using existing cash resources and make the computing capacity available through its NeoCloudz platform.
AI Data Center Expansion Remains on Track
Alongside the announcement, the company provided an update on the construction of its dedicated AI data center campus.
Development continues according to schedule, with the first phase expected to deliver 15 megawatts of IT capacity and achieve ready-for-service status by December 15, 2026.
Management is targeting full deployment of the site’s planned 40-megawatt capacity by the end of the first fiscal quarter of 2027.
NeoCloudz Begins Generating AI Revenue
Digi Power X also reported continued activity across its NeoCloudz GPU-as-a-Service platform.
Since May 15, 2026, the platform has been running artificial intelligence workloads continuously using its installed fleet of NVIDIA B200 and B300 GPUs.
The company recorded its first revenue from AI-related operations during May, marking an early milestone in the commercialization of its cloud computing strategy.
Strong Cash Position Supports Growth Plans
As of June 3, 2026, Digi Power X held approximately $150 million in cash and cash equivalents, providing significant financial flexibility as it expands its AI infrastructure footprint.
According to Chief Financial Officer Paul Ciullo, roughly $65 million has already been invested in the company’s Alabama data center project so far this year.
Additional Financing Under Evaluation
To support the broader buildout of its AI data center network, Digi Power X is also pursuing project-level financing arrangements.
The company said further details will be released once definitive financing agreements have been finalized, providing greater clarity on the funding structure behind its long-term expansion plans.