Frank Curzio
Founder & CEO of Curzio Research, Wall Street Unplugged Host
Digi Power X's price can't be ignored much longer now that CEO Michel Amar has made his first open-market share purchase in years. The buy is not large, but it signals confidence. He also gave a hands-on tour of the Alabama facility showing build progress and physical units while many AI names keep sliding. This is a great time to buy at these prices. x.com x.com x.com
Digi Power X looks mispriced against peers as AI power demand outruns grid supply, a gap not yet priced in. PJM, one of the largest grid operators, says it has about 18 months before real shortfalls hit. IREN just landed 400 megawatts of power capacity at a $9 billion market cap; Digi Power X has the same 400 megawatts at a $380 million market cap. The AI buildout is happening regardless of who wins the model race, and power sits underneath it. x.com x.com x.com
Digi Power X is the smartest backdoor play on Cerebras as massive institutional demand builds for its 20x-oversubscribed IPO. It is Cerebras's AI landlord, supplying power and Tier III data-center capacity under a locked-in 10-year, $1.1B contract worth up to $2.5B, which transforms its revenue model. It is also scaling GPU-as-a-service and energy sales as it pivots from legacy bitcoin mining to pure AI infrastructure. x.com x.com
Digi Power X is asymmetric because of the valuation gap between its roughly $600M market value and GPU-as-a-Service peers such as CoreWeave (about $60B), Nebius and IREN. It deploys NVIDIA Blackwell GPUs to customers, has signed its first AI revenue contract and a $1.1B Cerebras colocation deal, and 1.9% institutional ownership leaves room for a re-rating. GPU rental starts this week. Risks: it is early stage, has a $750M shelf filed, negative margins and heavy execution demands. x.com
Digi Power X should benefit as investors researching Cerebras' IPO trace its supply chain to the company building its data center. Cerebras priced at $185, above its raised range, for a $56.4 billion fully diluted valuation, and opened near double that. Digi Power X has a 10-year, $1.1 billion colocation deal to build and operate Cerebras' Alabama campus plus $2.5 billion in expansion options, yet trades at a fraction of its tenant's value, a better proxy than paying the IPO premium. x.com x.com … Show more
Digi Power X management's share purchases are a vote of confidence for shareholders. The stock has made the higher low anticipated two weeks ago and returned to four-year trendline support, where initiating a position for the next few years would probably feel comfortable. x.com
Digi Power X could shift from speculative micro-cap to contracted AI infrastructure operator with a potential nine-figure revenue base, thanks to a 10-year, $1.1B colocation deal with Cerebras for a 40 MW Alabama data center, up to $2.5B with renewals. It sold 20 million ATM shares since March 31, lifting the share count about 30%, but the $103M funds the contracted Cerebras build, not losses. The binary test is delivering the first 15 MW by December 15, 2026; a material slip would end the case. … Show more
Digi Power X has signed a $1.1B, 10-year colocation deal that locks in its AI infrastructure model, and more deals look likely. Separately, SubQ, the customer behind its earlier 0.8-1MW contract, unveiled a sub-quadratic sparse-attention LLM with a 12 million token context window, which raises the likelihood that the additional power flagged in that partnership gets contracted. x.com x.com x.com
Digi Power X is the home for Cerebras AI chips, with real asymmetry if both execute. Cerebras chose it over every other operator for a 10-year, $1.1B colocation deal with up to $2.5B in expansion options, against a $620M market cap, and a second tenant and GPU-as-a-Service revenue are starting. Risks are high: revenue begins only in late 2026 if the 40 MW Alabama campus is delivered on time, Phase 2 needs financing and dilution, and Cerebras depends on two UAE customers for 86% of revenue. x.com
Digi Power X looks cheap as the power and hosting provider behind Cerebras. Cerebras signed a 10-year, $1.1B anchor lease, up to $2.5B with options, at its 40MW Alabama AI campus, expected to bring over $100M a year once live; 15MW arrives by December 2026 and 25MW by early 2027. Its NeoCloudz GPU rental adds revenue, and 2027 guidance is $250-300M, about 2x forward revenue on a $650M cap versus 5-15x for peers. Phase 2 financing is unsecured and dilution continues. x.com
Digi Power X owns power generation in an AI buildout where power, more than chips, is the bottleneck. It is debt free, owns 60MW+ with a 1.3GW letter of intent, and its 10-year, $1.1B deal with Cerebras gives it a multi-year revenue runway that pays off even with partial execution. The bear case is that it is pre-revenue with disappointing past earnings, though those predate the Cerebras deal; it depends on execution, and the buildouts will take years. x.com
Digi Power X's thesis rests on its Alabama site, the Cerebras campus and the December 15 milestone, not on the New York expansion. The New York expansion is carried at zero because moratoriums can be extended, vetoed, sunset or litigated in either direction, so anything that clears there is upside. x.com
