DGXX Stock Jumps On Cerebras IPO Optimism: Here's The $2.5B Deal That Ties These Two Plays Together

• Cerebras is set to go public on the Nasdaq on Thursday. 
• The size and price of Cerebras’ IPO have reportedly been upsized amid soaring demand.
• Meanwhile, Digi Power X has expanded its previously announced at-the-market equity program by $100 million.

Shares of Digi Power X Inc. (DGXX) gained more than 5% in the overnight trading session going into Monday, jumping on the retail radar amid its high-stakes infrastructure deal with Cerebras Systems, which is gearing up to go public mid-week.

The energy infrastructure company had its best week in more than three years as of Friday, jumping more than 76%, after it announced a colocation deal worth up to $2.5 billion with the Nvidia Corp. (NVDA) rival.

Retail interest in Digi Power X has also surged, with messages jumping more than 258% over the past week, and watchers growing by over 33% in the same time.

DGXX Gains From Cerebras Deal

Last week, Digi Power X announced that it had struck a multi-billion-dollar deal with Cerebras Systems (CBRS) to provide up to 40 megawatts (MW) of compute power for the colocation of an AI data center campus in Columbiana, Alabama, on a property it already owns.

The initial 10-year term is valued at about $1.1 billion, with a total potential contract value of up to $2.5 billion, inclusive of renewal terms. Digi Power will start constructing the data center campus in two phases – with the first phase bringing online 15 MW of computing power by mid-December this year, and the second phase bringing the remaining 25 MW by the end of the first quarter of 2027.

The deal comes amid soaring demand in the AI industry for compute power, infrastructure, and energy capacity.

Cerebras IPO Boost

DGXX also stands to benefit from Cerebras’ soaring demand for its initial public offering. The company is set to go public on Nasdaq's Global Select Market on Thursday in an IPO likely to be the world’s largest in 2026.

Cerebras is also reportedly set to raise the size and price of ‌its IPO amid soaring demand, with a new IPO price range of $150-$160 a share, up from $115-$125 ​a share, while also raising the number of shares marketed to 30 million from 28 million, as per a report from Reuters. At the top end of this new range, Cerebras would raise about $4.8 billion, up from $3.5 billion under its original terms.

Meanwhile, Cerebras also has a deal with OpenAI worth more than $20 billion over the next three years to use servers powered by the company's chips, which could also give the ChatGPT developer an equity stake in the firm.

DGXX Upsizing ATM

Additionally, the company has expanded its previously announced at-the-market (ATM) equity program by $100 million, increasing the total potential offering to $175 million under an amended agreement with A.G.P./Alliance Global Partners.

Retail Stance On DGXX

On Stocktwits, retail sentiment around DGXX shares was in the ‘extremely bullish’ territory at the time of writing amid ‘extremely high’ message volumes.

One bullish user said Cerebras’ IPO will help DGXX’s shares rise.

Another user said the IPO would push the company’s shares to $10-$15. DGXX shares were trading around $6.98 at the time of writing.

A third bullish user said, “So maybe this ATM will also be interpreted as indicating that we are about to sign a new contract?”

Shares of DGXX have soared more than 137% so far in 2026.

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