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The latest announcement is out from Digi Power X ( (TSE:DGX) ).
On May 4, 2026, Digi Power X entered into a 10-year data center colocation and master services agreement with Cerebras Systems to deploy a 40 MW, Tier III, AI-focused data center campus in Columbiana, Alabama, with Cerebras holding exclusive access to the facility during the term. The initial contract value is about $1.1 billion, with potential to reach $2.5 billion under renewal options, and includes one-time construction payments and monthly colocation fees tied to delivered kilowatts.
Digi Power X will build the project in two phases, with 15 MW in Phase 1 and an additional 25 MW in Phase 2, targeting a Phase 1 ready-for-service date of December 15, 2026 and full deployment by the end of the first quarter of 2027, contingent on securing financing for Phase 2. Management describes the deal as transformational, providing long-term revenue visibility, anchoring the company as a top-tier AI data center operator, and potentially attracting further tenants, lenders and partners, with revenue expected to begin in late 2026 and fully ramp after full deployment.
The most recent analyst rating on (TSE:DGX) stock is a Buy with a C$10.00 price target. To see the full list of analyst forecasts on Digi Power X stock, see the TSE:DGX Stock Forecast page.
Spark’s Take on DGX Stock
According to Spark, TipRanks’ AI Analyst, DGX is a Neutral.
The score is primarily held back by weak financial performance—persistent losses, negative gross profit, shrinking equity, and renewed cash burn. Technicals are mixed/neutral with some near-term strength but negative MACD and resistance at longer moving averages. Valuation remains uncertain due to the negative P/E and no dividend yield data.
To see Spark’s full report on DGX stock, click here.
More about Digi Power X
Digi Power X Inc. is a vertically integrated AI infrastructure company operating AI-focused data centers and power assets across Alabama, New York and North Carolina, with roughly 400 MW of secured power capacity. Its NeoCloudz platform offers GPU-as-a-Service on dedicated bare metal NVIDIA infrastructure, positioning the firm as a specialist provider of high-density, next-generation AI compute capacity for enterprise and hyperscale customers.
The company owns key development sites such as its Columbiana, Alabama campus, where it has already built a dedicated on-site substation and secured grid interconnection and a power delivery agreement with Alabama Power. This ownership-led model and early infrastructure work aim to differentiate Digi Power X from lease-dependent rivals by reducing development risk and accelerating time-to-market for AI data center capacity.
Average Trading Volume: 22,361
Technical Sentiment Signal: Hold
Current Market Cap: C$265.7M
For a thorough assessment of DGX stock, go to TipRanks’ Stock Analysis page.