The bitcoin miner-turned AI company DigiPower X (NASDAQ: DGXX) appointed former Verizon Chairman and CEO Hans Vestberg to its Advisory Board on Monday to oversee AI infrastructure deployment, per a SEC filing on Monday.
Vestberg will serve as a Senior Advisor focusing on power optimization and strategic partnerships with hyperscalers. He previously led Verizon, as well as Swedish telecoms company Ericsson, during critical periods of heavy capital deployment and network modernization.
Vestberg highlighted the shifting bottlenecks in the technology sector upon his appointment. “The constraint on AI scaling is no longer chips but power availability and deployment speed,” Vestberg stated in the announcement.
The company aims to leverage Vestberg’s experience to gain credibility with institutional investors.
DigiPower X recently transitioned its business model from cryptocurrency mining to AI/HPC services. The company deploys modular tier-3 data centers directly at sites where it owns power generation assets.
In the same advisor appointment filing, the company also disclosed the intention to acquire a 1.3 gigawatt power plant in West Virginia. This capacity is sufficient to support a large-scale hyperscale campus. Vestberg’s expertise in capital deployment will support the financing and execution of this project.
Header image by Vogler via Creative Commons.
