Digi Power X enters non-binding LOI with Omnis Pleasants

3 days ago 7

TipRanks

Thu, January 8, 2026 astatine 6:47 AM CST 1 min read

Digi Power X (DGXX) entered into a non-binding missive of intent with Omnis Pleasants, proprietor of the Pleasants Power Station, a 1.3 gigawatt powerfulness procreation installation located successful West Virginia, to prosecute a strategical concern supporting large-scale artificial quality and high-performance computing infrastructure. Pursuant to the presumption of the LOI, the parties mean to behaviour a broad load and interconnection survey of up to 1.3 GW, evaluating semipermanent powerfulness availability and grid connectivity for energy-intensive computing applications. The projected strategical concern besides contemplates a semipermanent lease of up to 200 acres of land, that would alteration Digi Power X to deploy AI and precocious computing infrastructure utilizing its proprietary ARMS modular Tier III information halfway platform. In addition, the LOI establishes a model for imaginable equity alignment, including a communal equity speech betwixt Digi Power X and Pleasants based connected just marketplace valuation, arsenic good arsenic a defined pathway for Digi Power X to get an equity ownership involvement successful excess of 10% successful the powerfulness works entity, taxable to definitive documentation, agreed valuation, financing operation and applicable regulatory approvals. Separately, Digi Power X and Pleasants mean to collaborate connected a hydrogen-transition feasibility survey for Digi Power X’s New York powerfulness assets, aligning with broader decarbonization and energy-transition initiatives. The parties expect to initiate the load survey wrong 30 days and people execution of definitive agreements wrong astir 90 days, taxable to customary conditions and approvals.

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