$DGXX is in focus ahead of the Cerebras IPO on Thursday because Digi Power X has a direct infrastructure deal with Cerebras.
At the heart of the story: a long-term colocation agreement for a 40 MW AI data center campus in Alabama. The deal has an initial value of around $1.1 billion over ten years and could rise to around $2.5 billion including extensions.
This allows $DGXX to trade as a Cerebras proxy in the short term: If the $CBRS IPO goes strongly, the market is also likely to look for related infrastructure partners.
Important: $DGXX is not a known Cerebras shareholder. So it is not a true equity proxy, but rather an AI data center/colocation play on Cerebras' infrastructure needs.
The bull case lies in validation through a strong IPO, more visibility for the large order and possible re-rating as an AI infrastructure stock.
However, the risk remains high: execution, financing, construction progress and dilution from the expanded ATM program are clear overhangs.
Conclusion: The connection is real, but the trade remains speculative. $DGXX can work as a momentum proxy on Cerebras, but is fundamentally not a clean Cerebras pure play.