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Stock impact report

Digi Power X ‘expanding' business with US Data Centers venture, CEO says [Yahoo! Finance]

Digi Power X Inc. - Common Subordinate Voting Shares (DGXX) 
Company Research Source: Yahoo! Finance
Digi Power X Inc (NASDAQ:DGXX, FRA:1NQ0, TSX-V:DGX) is expanding its business with the recently announced US Data Centers transaction, CEO Michel Amar told shareholders on Monday. The company's newly formed subsidiary, US Data Centers Inc (USDC), will operate solely as a manufacturer and distributor of modular artificial intelligence data center systems, Digi Power x said. The unit has no ownership or revenue rights tied to the company's operating data center sites, it noted, and will be limited to producing and selling its ARMS modular AI data center system to enterprises, utilities and developers with powered land. The subsidiary will not own or operate data center sites or participate in site-level revenue generated by Digi Power X. “All ARMS pods deployed at Digi Power X-owned sites, all GPUs within those sites and all related revenues — including colocation, managed services and contracted deployments — belong 100% to Digi Power X,” the company said in a statement. Dig Show less Read more
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