Overview
- Digi Power X announced Tuesday a master services agreement with Cerebras to build a 40 megawatt AI data center campus in Columbiana, Alabama.
- The initial 10-year term is valued at about $1.1 billion, and shares rose roughly 39% after the announcement, with the Canadian listing up about 38.93%.
- Development is split into two phases, with 15 MW targeted to be ready by December 15, 2026, and the full 40 MW and revenue ramp targeted by the end of Q1 2027.
- The company said Phase 1 construction begins immediately and is self-funded, with the on‑site substation built, grid interconnection finished, and an Alabama Power delivery agreement executed.
- The campus will meet Tier III infrastructure standards and is engineered for high‑density AI accelerator hardware used by Cerebras.