DigitalOcean Holdings, Inc. (NYSE:DOCN), the Agentic Inference Cloud built for production AI, announced today the pricing of an upsized underwritten offering (the "Offering") of 10,389,611 shares of its common stock for total gross proceeds of approximately $800 million. DigitalOcean has granted the underwriters a 30-day option to purchase up to an additional 1,558,441 shares of common stock at the public offering price, less the underwriting discounts and commissions. The size of the Offering was increased from the previously announced $700 million of shares of common stock. The Offering is expected to close on March 26, 2026, subject to customary closing conditions.

DigitalOcean intends to use the net proceeds from the Offering (i) to make investments in additional infrastructure capacity, beyond what it has previously communicated, to support customer demand for DigitalOcean's cloud / AI platform, (ii) to strengthen its balance sheet by paying down its existing Term Loan A, and (iii) for general corporate purposes. DigitalOcean is in advanced discussions to secure this additional data center capacity to support its growth.