Mentioned:
A publicly traded company on the Nasdaq has just cut a new deal with Cerebras Systems. And it’s worth more than a billion dollars.
What’s happening:
- DigiPower X (NASDAQ: DGXX) has struck a new $1.1B USD deal with Cerebras Systems to develop a purpose built 40 megawatt data centre located in Columbiana, Alabama
By the numbers:
- Cerebras Systems and Digi Power X’s new deal is structured for an initial 10 year term for a total value of $1.1B USD with a renewal option
- If Cerebras System were to exercise their renewal option with Digi Power X the total deal would be worth up to roughly $2.5B USD
Why it matters:
- This is the single largest deal for hosting artificial intelligence workloads that Digi Power X has ever landed
Going deeper:
- Digi Power X will build the new data centre on land that they previously acquired and has already completed an on-site substation and grid interconnection with Alabama Power
- Digi Power X has publicly stated that they plan to build out the new facility in two separate phases, with the first phase being capable of hosting 15 megawatt of high performance computing
