Digi Power X Files An Amended And Restated Prospectus Supplement Dated November 18, 2025, Amending And Restating The Prospectus Supplement Dated May 30, 2025, To The Company's Existing $250M Base Shelf Prospectus Dated May 15, 2025

Digi Power X Inc. ("Digi Power X" or the "Company") (NASDAQ:DGXX, TSXV:DGX), an innovative energy infrastructure company, announces that it has filed an amended and restated prospectus supplement dated November 18, 2025 (the "A&R Prospectus Supplement"), amending and restating the prospectus supplement dated May 30, 2025 (the "May Supplement"), to the Company's existing US$250 million base shelf prospectus dated May 15, 2025 (the "Base Shelf Prospectus" and, together with the A&R Prospectus Supplement, the "A&R Prospectus").

As described in the Company's press release dated May 30, 2025, the Company previously entered into an at-the-market sales agreement (the "ATM Agreement") dated May 30, 2025, with A.G.P./Alliance Global Partners (the "Agent"), pursuant to which the Company has established an "at-the-market" equity offering program (the "ATM Equity Program"). Pursuant to the ATM Equity Program, following the filing of the A&R Prospectus, the Company may, at its discretion and from time-to-time during the term of the ATM Agreement, sell, through the Agent, such number of subordinate voting shares of the Company ("SV Shares") having an aggregate offering price of up to US$200 million. Sales of SV Shares, if any, under the ATM Equity Program are anticipated to be made in transactions that are deemed to be "at-the-market distributions" as defined in National Instrument 44-102 Shelf Distributions, as sales made directly on the Nasdaq Capital Market or another trading market for the shares in the United States at the market price prevailing at the time of each sale. No SV Shares will be offered or sold under the ATM Equity Program on the TSX Venture Exchange or any other trading market in Canada. The ATM Equity Program may be terminated by either party at any time.

The Company intends to use the net proceeds of the ATM Equity Program, if any, primarily for general corporate purposes, including funding ongoing operations and/or working capital requirements, completing construction on the Company's data center, repaying indebtedness outstanding from time to time and completing potential acquisitions to expand mining capacity and build out its planned AI and HPC network.

Since the SV Shares will be distributed at trading prices prevailing at the time of the sale, prices may vary between purchasers during the period of distribution. The volume and timing of sales, if any, will be determined at the sole discretion of the Company's management and in accordance with the terms of the ATM Agreement. To date, 20,078,450 SV Shares have been distributed by the Company for gross proceeds of approximately US$76,486,562 million pursuant to the ATM Agreement by means of the May Supplement.