DealsMay 8, 2026, 07:51 AM
Digi Power X Signs $1.1B AI Data Center Deal with Cerebras for 40 MW
AI Summary
Digi Power X Inc. entered into a Data Center Colocation and Master Services Agreement with Cerebras Systems Inc. for approximately 40 megawatts (MW) of AI computing at its Columbiana, Alabama campus. The initial 10-year term is valued at approximately $1.1 billion, with a potential total contract value of up to $2.5 billion including renewal options. The company will develop the facility in two phases, with Phase 1 (15 MW) targeted for service by December 15, 2026, and full deployment (40 MW) by the end of Q1 2027.
Key Highlights
- Signed a Data Center Colocation and Master Services Agreement with Cerebras Systems Inc.
- Contract for approximately 40 MW of AI computing capacity at Columbiana, Alabama campus.
- Initial 10-year term valued at approximately $1.1 billion.
- Potential contract value up to $2.5 billion with a 7-year extension option.
- Phase 1 (15 MW) targeted ready-for-service by December 15, 2026.
- Full deployment (40 MW total) targeted by end of Q1 2027.
- Cerebras Systems Inc. holds an exclusive license to access the data center.
- Phase 1 construction is being self-funded by Digi Power X.