Digi Power X Inc. announced it has entered into a debt settlement agreement with NANO Nuclear Energy Inc. (NASDAQ: NNE). Pursuant to the agreement, Digi Power X will issue 109,677 subordinate voting shares at a deemed price of C$3.10 per share to NANO Nuclear.
This share issuance will settle US$250,000 in accrued liabilities owed for consulting services provided by NANO Nuclear under a Memorandum of Understanding announced on December 14, 2024. The company expects this settlement to preserve cash and further support its AI and energy infrastructure initiatives.
Digi Power X also confirmed that its strategic consultation with NANO Nuclear regarding a feasibility study on the potential deployment of small modular reactor (SMR) technology at its data center facilities remains ongoing. This study aims to assess the viability of using SMR technology to provide a stable, clean, and long-term power source for Digi Power X’s AI data center operations.
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