Digi Power X signed a 10-year, approximately $1.1 billion colocation agreement with Cerebras for a 40-MW Alabama campus, subject to obligations.

Digi Power X entered into a Data Center Colocation and Master Services Agreement with Cerebras Systems Inc. on May 4, 2026. The agreement concerns a purpose-built 40-megawatt AI data-center campus in Columbiana, Alabama; the 40 MW figure describes the campus, not a GPU count or delivered computing-performance measure.

The initial 10-year term is valued at approximately $1.1 billion. The filing also states a potential total contract value of up to $2.5 billion, assuming one seven-year extension, with both values subject to the company meeting its obligations.

This is a signed agreement rather than a letter of intent, but its disclosed value is not revenue already earned. The supplied quarterly excerpt states that Phase 1 had not commenced by September 30 and that the colocation segment had recognized no lease revenue.

The November 13 filed press release explicitly classifies statements about Columbiana Phase 1 and Phase 2 timing, billing, proposed debt financing, and the 2027 capital plan as forward-looking. The supplied excerpt does not provide the full performance obligations or financing terms, so it does not establish a closed construction financing or completed campus deployment.