Digi Power X Secures $19.6 Million Bare Metal GPU Rental Agreement with SubQ AI for NeoCloudz Platform Launch
Digi Power X Inc. has recently secured a 24-month bare metal GPU rental agreement with SubQ AI worth around $19.6 million. This marks the company's first contracted AI revenue and the launch of its NeoCloudz GPU-as-a-Service platform. The agreement, effective from May 15, 2026, will provide SubQ AI with dedicated access to NVIDIA Blackwell GPUs with 192 GB HBM3e through Digi Power X's AI data center in Miami. The deal includes an upfront payment of approximately $2.95 million and monthly invoicing payable Net-15.
Alec Amar, President of Digi Power X, expressed the significance of this agreement as a major milestone for the company. Justin Dangel, CEO of SubQ AI, mentioned that the initial deployment is just the beginning of a potentially larger relationship with Digi Power X, with plans to scale to several thousand GPUs in the coming quarters. Digi Power X has secured capacity for 10 pods of infrastructure, representing around 4,000 NVIDIA Blackwell B300 GPUs, with the potential to generate up to $120 million of annualized revenue at full deployment and utilization.
The facility in Miami is engineered to Rated 3 standards with redundant utility feeds and cooling architecture designed for high-density compute. Digi Power X operates power assets and data center capacity across multiple locations, with approximately 400 MW of secured power. In addition to the GPU rental agreement, Digi Power X has made significant announcements, including amending its equity offering program and spinning out its AI data center unit, US Data Centers, Inc., with the involvement of Hans Vestberg, former CEO of Verizon Communications.
Investors interested in Digi Power X can access detailed valuation analysis and insights through the Pro Research Report, available for this and other US equities. The company's stock is currently trading above its Fair Value, indicating that it is among the companies on the Most Overvalued list. For more information on the company's valuation and potential growth opportunities, investors can utilize the Fair Value calculator to make informed decisions.