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Globe and Mail
9 minutes ago
- Globe and Mail
Digi Power X Subsidiary, US Data Centers Inc., Files Provisional Patent for ARMS 200 Modular AI Data Center Platform
This news release constitutes a 'designated news release' for the purposes of the Company's prospectus supplement dated May 30, 2025 to its short form base shelf prospectus dated May 15, 2025. MIAMI, July 28, 2025 (GLOBE NEWSWIRE) -- Digi Power X Inc. (' Digi Power X ' or the ' Company ') (NASDAQ: DGXX / TSXV: DGX), a vertically integrated AI and digital infrastructure company, today announced that its wholly owned subsidiary, US Data Centers, Inc., has filed a provisional utility patent application with the United States Patent and Trademark Office for its ARMS 200 (AI-Ready Modular Solution) platform. The ARMS 200 is a Tier 3-certified modular data center platform designed to support high-density GPU clusters. Each completed pod, upon deployment, can deliver 1 megawatt (' MW ') of compute capacity and is configured for up to 256 NVIDIA B200/B300 GPUs. The ARMS 200 platform is optimized for rapid deployment across enterprise, sovereign and cloud-scale AI applications. Digi Power X plans to scale the ARMS 200 platform to 40 MW of critical power (55 MW total) at its flagship Alabama site, supporting approximately 10,240 NVIDIA GPUs. The platform integrates liquid cooling, dual-path power redundancy and the Company's NeoCloud orchestration for GPU-as-a-Service operations. It is being developed in collaboration with Super Micro Computer, Inc. (NASDAQ: SMCI) (' Supermicro ') and built to support NVIDIA's Blackwell-class architecture. 'This provisional patent is the first step to protect the foundational architecture of our ARMS 200 platform,' said Michel Amar, Chief Executive Officer. 'Combined with our Supermicro partnership and Tier 3-certified design, we are positioning ourselves to scale the ARMS 200 from first deployments expected later this year into a full-fledged AI infrastructure network.' The Company previously announced a purchase order with Supermicro for NVIDIA B200-powered systems to seed the ARMS 200 platform. Initial deployment is scheduled for the fourth quarter of 2025. The ARMS 200 provisional utility patent application filing marks the first in a series of modular systems under development at US Data Centers, Inc., including the upcoming ARMS 300 and ARMS 400 platforms, tailored for hyperscale enterprise and government-grade AI infrastructure. About Digi Power X Digi Power X is a next-generation AI infrastructure company that designs and deploys modular Tier 3-certified compute through its patent-pending ARMS platform and offers enterprise-grade GPU compute through its NeoCloud GPU-as-a-Service ecosystem, leveraging advanced NVIDIA GPU technology and secured energy infrastructure. As of July 28, 2025, Digi Power X maintains over $30 million in cash and cash equivalents with no long-term debt on its balance sheet, positioning the Company for growth and commercialization of its modular AI data center platform. For further information, please contact: Michel Amar, Chief Executive Officer Digi Power X Inc. | Follow us on X: @DigipowerX Investor Relations T: 888-474-9222 Email: IR@ Cautionary Statement Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Except for the statements of historical fact, this news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking information') that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes information about the Company's expectations concerning the issuance of a patent in respect of the ARMS system, deployment of the NVIDIA Blackwell 200 GPUs and the timing for and impact of that deployment, potential further improvements to profitability and efficiency across the Company's operations, including, as a result of the Company's expansion efforts, potential for the Company's long-term growth and clean energy strategy, and the business goals and objectives of the Company. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: results of provisional utility patent application are uncertain and may not result as anticipated by Company, including the issuance of a nonprovisional utility patent, which may not occur on a timely basis or at all; delivery of equipment and implementation of systems may not occur on the timelines anticipated by the Company, or at all; future capital needs and uncertainty of additional financing; share dilution resulting from equity issuances; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; effects on Bitcoin prices as a result of the most recent Bitcoin halving; development of additional facilities and installation of infrastructure to expand operations may not be completed on the timelines anticipated by the Company, or at all; ability to access additional power from the local power grid and realize the potential of the clean energy strategy on terms which are economic or at all; a decrease in cryptocurrency pricing, volume of transaction activity or generally, the profitability of cryptocurrency mining; further improvements to profitability and efficiency may not be realized; development of additional facilities to expand operations may not be completed on the timelines anticipated by the Company; ability to access additional power from the local power grid; an increase in natural gas prices may negatively affect the profitability of the Company's power plant; the digital currency market; the Company's ability to successfully mine digital currency on the cloud; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company's operations; the volatility of digital currency prices; and other related risks as more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company's filings at and The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about, among other things, the current profitability in mining cryptocurrency (including pricing and volume of current transaction activity); profitable use of the Company's assets going forward; the Company's ability to profitably liquidate its digital currency inventory as required; historical prices of digital currencies and the ability of the Company to mine digital currencies on the cloud will be consistent with historical prices; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the negative impact of regulatory changes in the energy regimes in the jurisdictions in which the Company operates; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.
Globe and Mail
39 minutes ago
- Globe and Mail
Perion Announces Participation in Leading Investor Conferences in August and September 2025
Perion Network Ltd. (NASDAQ and TASE: PERI), a leader in advanced technology solving for the complexities of modern advertising, today announced its participation in the following upcoming investor conferences: Tal Jacobson, CEO, and Elad Tzubey, CFO, will host one-on-one meetings with investors. To request a meeting, please contact your representatives at Canaccord Genuity, Oppenheimer, or Lake Street Capital Markets. About Perion Network Ltd. Perion is helping agencies, brands and retailers get better results with their marketing investments by providing advanced technology across digital channels. Through the Perion One platform, we are making digital advertising more effective by building solutions that continuously adapt to connect the dots between data, creative and channels. For more information, visit Perion's website at
Globe and Mail
39 minutes ago
- Globe and Mail
Warren Buffett Has 40% of Berkshire Hathaway's $293 Billion Portfolio Invested in 5 Artificial Intelligence (AI) Stocks
Key Points Buffett typically stays away from cutting-edge tech companies. These companies are all working on AI systems with significant payoffs in productivity and revenue. Some of these stocks are more compelling values at today's prices than others. 10 stocks we like better than Apple › In general, Warren Buffett has stayed away from tech companies in Berkshire Hathaway 's investment portfolio. But one big tech trend has expanded well beyond tech companies: artificial intelligence (AI). AI is everywhere, and if a business isn't using it to improve productivity and reduce costs, it's going to fall behind. In fact, some of Berkshire's biggest investments are looking to advance AI research, with clear business benefits if they can improve their algorithms and effectively implement new use cases for generative AI. As such, about 40% of Berkshire's $293 billion portfolio is invested in five companies pushing AI forward. 1. Apple (21.8% of portfolio value) Apple (NASDAQ: AAPL) has been slow to develop generative AI capabilities. After showing off plans for its Apple Intelligence system over a year ago, the company made very slow progress. Meanwhile, other big tech names continue to push new models and capabilities to their platforms, leaving Apple in the dust. Apple's biggest challenge is maintaining security and privacy for its users. As a result, it's focused on on-device AI. Practically every other AI system relies on remote servers with powerful GPUs loaded with tons of high-bandwidth memory. That makes them much more powerful, but far less private. As a result, Apple's handicapped itself by focusing on capabilities it can run on an iPhone or Mac. There's still a lot of time for Apple to catch up though. Its ecosystem of products still has very high retention rates, and with an expanding services segment, more and more users are unlikely to give up their iPhone. In fact, that observation is what led Buffett to make his initial investment in Apple. Its strong brand and customer loyalty give it a massive competitive advantage. Apple is reportedly exploring potential acquisitions that could expand its AI capabilities, including the potential purchase of Perplexity, an AI-powered search engine. With $133 billion in cash and marketable securities on its balance sheet, Apple can afford to make a big acquisition if it needs to. Apple stock isn't exactly cheap right now, though. The stock currently trades for about 30 times forward earnings expectations. That high price may be why Buffett sold off about two-thirds of Berkshire's stake in the company last year. 2. Amazon (0.8%) Amazon (NASDAQ: AMZN) was also slow to catch onto the AI trend relative to its peers in cloud computing. It worked quickly to catch up, though, developing Amazon Bedrock and acquiring a significant stake in Anthropic, ensuring access to leading edge models and a massive customer for Amazon Web Services. Since mid-2023, Amazon's cloud computing segment, AWS, has reaccelerated its growth, driving strong demand for AI services on its platform. In fact, management says it remains supply constrained and committed to spending about $100 billion on capital expenditures this year, mostly going toward building new data centers. Meanwhile, Amazon's integrated AI capabilities into its logistics network to ensure inventory is well positioned across its warehouses in the United States. That's enabled it to offer more items with one-day shipping for Prime members and reduce its shipping expenses per unit. As a result, Amazon's retail business has seen strong operating margin improvement over the last few years. Amazon's decision to sink tons of cash into building new data centers to meet the insatiable demand for AI-related compute has weighed on its free cash flow. As a result, the stock looks expensive relative to its free cash flow over the trailing 12 months. But if and when Amazon takes its foot off the gas with capital spending, it should prove a good value at its current price with strong future free cash flows. 3. American Express (15.8%) Even a company that's 175 years old can still prove an innovator in AI. American Express (NYSE: AXP) looked to incorporate AI across its business, and it's helping improve its operations. American Express uses AI to help identify and prevent fraud for its customers. Its algorithms can analyze real-time data and help make a decision whether a transaction is suspicious and needs further confirmation or not. Amex also uses AI to target offers for potential and existing customers. These help improve its marketing efforts, optimizing customer acquisition costs and retention rates. Internally, Amex integrated AI into its IT support system, which dramatically reduced the number of tickets requiring human intervention. Its travel concierge team also uses generative AI tools to curate travel recommendations personalized for each customer based on their purchasing habits with Amex. One of the fastest growing sources of revenue for Amex over the past few years has been the annual fees on its cards. Its ability to continue raising the fees on its products speaks to the strength of its brand and its ability to provide better customer experience and create more enticing offers for its customers. With the stock trading at 20 times earnings, shares still look relatively attractive. The company is pushing its revenue growth higher led by higher annual fees without losing customers, and that's pushing its margins higher as well. As such, the company's expected to produce double-digit earnings-per-share growth. 4. & 5. Visa (1%) and Mastercard (0.8%) Visa (NYSE: V) and Mastercard (NYSE: MA) are both using AI in similar ways to improve their payments networks. Like Amex, they've each developed their own machine learning algorithms to help prevent fraudulent transactions. But they're also developing tools for AI that could increase the number of transactions on their payments networks. Visa and Mastercard are developing systems that will enable AI agents to use credit card credentials to make transactions on behalf of individuals or businesses. By working with AI systems to ensure security, both payments networks are positioning themselves to be at the center of advancements in agentic AI capabilities. For example, you could have AI restock office supplies and cater next week's lunch, and it will simply do it without any further input. Both payments networks are well positioned, winning the vast majority of electronic payments partnerships with credit card issuing banks. As the two largest payments networks, they exhibit strong economies of scale and produce very high margins. And if AI can push more transactions onto their networks, it could see improved revenue and profits over the next few years. The two stocks trade for much higher valuations than American Express, at 31 times earnings for Visa and 35 times earnings for the smaller, but faster-growing Mastercard. Those valuations may be a bit high for both companies, as they're expected to grow revenue at a high-single-digit to low-double-digit rate with modest operating margin expansion. While both companies have strong competitive moats thanks to their scale, it might be worth holding off for a better price. Should you invest $1,000 in Apple right now? Before you buy stock in Apple, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Apple wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
