Digi Power X Inc. obtained a $200 million debt financing commitment, syndicated by Goldman Sachs, to complete construction of its AI data center in Columbiana, Alabama. The 40-megawatt facility’s remaining costs will be funded with the financing, which is intended to preserve corporate cash and minimize shareholder dilution. The financing is expected to close within 90 days.
Construction is proceeding on schedule. Phase 1 is expected to be completed in December 2026, followed by Phase 2 in March 2027.
Digi Power X said it issued no shares through its at-the-market equity program in the third quarter. As of the announcement, the company held approximately $135 million in cash.