DGXX

Image source: The Motley Fool. Friday, Aug. 14, 2026 at 8:30 a.m. ET Chief Executive Officer - Michel Amar President - Alec Amar Chief Technology Officer - Jagan Jeyapaul Operator: Good morning, and welcome to Digi Power X, Inc.'s Second Quarter 2026 Financial Results Conference Call. Please note that this event is being recorded, and a transcript will be available on Digi Power X, Inc.'s website. [Operator Instructions] Unless noted otherwise, all amounts referred to during the call are denominated in U.S. dollars. Certain comments made during this call may include forward-looking statements or forward-looking information within the meaning of applicable U.S. and Canadian securities laws. Such statements and information reflect current expectations and as such, are subject to a variety of risks and uncertainties that could cause actual results to differ materially from current expectations. Those risks and uncertainties include, but are not limited to, factors discussed in Digi Power X, Inc.'s report on Form 10-Q for the 3 and 6 months ended June 30, 2026, and the annual report for the year ended December 31, 2025, as well as the company's other disclosure documents. Except to the extent required by applicable law, Digi Power X undertakes no obligation to publicly update or review any forward-looking statements or information. During the call, management may make reference to certain non-GAAP financial measures that are not separately defined under GAAP, such as EBITDA and adjusted EBITDA. Management believes that those non-GAAP measures, when considered in conjunction with GAAP financial measures, provide useful information for both management and investors. Reconciliations between GAAP and non-GAAP measures are presented in the tables accompanying the press release highlighting Digi Power X financial results as of the quarter ended June 30, 2026, have been filed and made accessible under the company's continuous disclosure profile on SEDAR+ at www.sedarplus.ca and are also available on the SEC's EDGAR website at www.sec.gov/edgar. I would now like to turn the call over to Michel Amar, CEO of Digi Power X. Please go ahead, sir. Michel Amar: Good morning, everyone, and thank you for joining us today as we share our results for the second quarter of 2026 for Digi Power X. I'll start with the highlights of the second quarter, 3 months ended June 30, 2026. Revenues of $6.6 million, reflecting the planned wind down of legacy operation as the company transitioned to AI compute and colocation revenue. GPU revenue recognized for $1.1 million, representing the company's first GPU bare-metal rental initial fleet of B200 and B300 GPUs deployed at the Columbiana, Alabama facility and it was started a little bit third week of May to the end of June. It's about 5 weeks of income. Adjusted EBITDA of -- positive adjusted EBITDA of $3.3 million, an increase of $3.2 million compared to last year Q2 2025. If you add all the depreciation and the noncash-related items, it brings us to a net loss of $14.4 million for the quarter. Balance sheet and liquidity as of June 30, 2026. Cash and cash equivalents of $142.4 million versus $1.7 million. Working capital of $131 million representing a $130 million year-over-year increase from June 30, 2025. Basically, we have no working capital a year ago. Digital assets holding of $14.3 million. Net fixed assets and equipment deposits for the buildup of the data center in Columbiana, $127.5 million, an increase of 447% year-over-year, reflecting capitalized investment at the Columbiana, Alabama facility. No long-term debt. Total assets of $279 million versus $37 million a year ago. Balance sheet and liquidity as of today. The company's cash and cash equivalents position is approximately $150 million today. Approximately $110 million year-to-date of capital expenditures deployed towards GPU equipment and data center build-out for our contract with Cerebras in Alabama facility. Operational highlights and outlook. At the Colombiana, Alabama, AI campus, the company is still targeting Phase 1 ready for service in December of 2026 and Phase 2 in end of Q1 2027. Through its GPU-as-a-Service and bare-metal rental, Energy Sales and Legacy Colocation segments, the company anticipates Q3 to increase by approximately over 100% as compared to Q2. Q2 signified a substantial turning point for Digi Power X as the company recognized its first AI revenues ever, along with positive adjusted EBITDA and growth substantially year-over-year. Our balance sheet remains a source of strength for the company as we hold approximately $150 million in cash and cash equivalents as of today, no long-term debt, and we have already deployed approximately $110 million of CapEx year-to-date into our infrastructure in Columbiana, Alabama. The company is currently in advanced debt financing discussions for the Alabama data center to advance our path to growth and mitigate dilution. As you know, being a major shareholder since privately 2016 where I invested personal funds of about $8 million and never sold 1 share. And I'm very sensitive about dilution as it affects me primarily. So I am on the same side of most of shareholders. I try to mitigate dilution as much as we can. Considering that last year, 12 months ago, we had basically no cash, $1.7 million. We had basically no assets, $37 million. We had basically no working capital. We had to utilize certain tools like ATM in order to raise cash in order to be eligible for debt financing. Now I'll be ready for Q&A. Operator: We will now be conducting a question and answer session with questions previously asked by shareholders. First question, what are the remaining tasks that Digi Power X needs to complete before the company can deliver the first 15 megawatts to Cerebras? Michel Amar: So basically, we are done with the first 15 megawatts in terms of equipment purchases. All the long-term equipments have been placed and we are starting to receive them this month actually. We are actually few weeks earlier than schedule. So we feel very confident that we will be ready by December for Phase 1. Operator: Second question, a similar question for Phase 2. What are the major items that need to be complete for delivering the second 25 MW? Michel Amar: So we also are basically done for Phase 2. We secured -- and as mentioned earlier, in our total assets, you saw a big portion of deposits for equipment. We already secured all the long-term equipments to be received November, December. And we believe that we are in good shape to also complete Phase 2 by March 2027. Operator: Third question, as it relates to your NeoCloud's business and goal of exiting next year with delivery 10 MW in GPU-as-a-Service, what are the obstacles to securing leases for these similar smaller-sized data centers? Is it capital, permits, locating long lead time items? Michel Amar: So that's a very good, interesting question. So we have no issue of power and permits in the sense that 10 megawatts is not a lot of power in our power infrastructure. So we do have the power and the allocation. GPUs are very, very CapEx intensive. We started to buy GPUs, and we are running very successfully 100% uptime, really successfully operation for us. And as you know, we placed more GPU orders, the Vera Rubin that should land early Q1 next year, and that will add additional income on the GPU bare metal. Good news in the last few weeks, as you read, NVIDIA and most of the banks, BlackRock, Blackstone, Goldman Sachs, KKR have created a fund and actually value -- residual value for the GPUs. So it's going to be much easier to get debt financing or asset-based financing on GPUs, which will allow us to accelerate our GPU bare-metal program. So we feel comfortable that we'll get the financing separately from the data center for growth for GPUs. Operator: Fourth question. Given your sites in North Tonawanda, Buffalo, New York, does the 1-year moratorium on data centers in New York impact your ability to meet your targets of exiting 2027 delivering on 10 MW for NeoCloud and [indiscernible] additional 50 MW for colocation data centers for HPC? Michel Amar: So great. So I get these questions a lot from many shareholders. And I want you to appreciate shareholders that we've been running Bitcoin mining legacy operation there since 2016 on one site and since 2021 on another site. And we were fully permitted then to run at these 2 sites under moratorium law, which was -- it's not a new law. It was always there for the last 4 years or 5 years. And we are grandfathered in New York. We cannot expand our current footprint of power. So I think we are using 60 megawatts in North Tonawanda and we are using 18 megawatts in Buffalo. So we are allowed to use the same power. We are not allowed for now to expand power. But our goal is to just convert another colocation deal of 40 to 50 megawatts and GPU-as-a-Service or bare-metal for another 8 to 10 megawatts. That's our goal for 2027. So we have plenty of power there to sync our goal. Operator: Question number five, please provide an update on the LOI Omnis Pleasants LLC, owner of the Pleasants Power Station, a 1.3 GW power generation facility in West Virginia. Michel Amar: So great. So the owners of that power plant, one of the owner is Ajay Gupta, he is on my Board of Directors, and we signed an LOI. It's a monumental asset. 1.3 gigawatts is huge. And I do not want to be involved in the battle there on the power plant side. I just want to get land access to the electrical infrastructure and utilize utility power of up to 1.3 gigawatts. So I'm working very hard with my Board member to try to establish a growth path starting with 100 megawatts up to 1.3 gigawatts because the infrastructure is there without being involved in potential liabilities of that power plant. That's why it's a little bit slow. And in any event, it would be more for an end of '27 to 2030 growth pattern event. Operator: Our next question, what is the current strategy for company's North Carolina property holdings? Michel Amar: So we own 2 lands over there, about 40 acres. We acquired within the last 12 months, an additional adjacent land so we can properly design and build an adequate data center there. We are in the process with Duke Energy and the zoning to get all the necessary load studies, permits for a major data center. And we believe that we will be able to utilize that asset towards 2029, 2030 with an additional 150 to 200 megawatts of power. So we are trying to plan our growth through all these sites from now until 2030, '31. And if we just succeed in converting or pivoting in colocation and GPU bare-metal, half of these assets will become a huge, huge, huge company. Operator: Next question, what is the current strategy for -- I'm sorry, what is happening with U.S. Data Center, Inc. Any updates? Michel Amar: Yes. So the reason why U.S. Data Center owns 48% today from 55% is that we started to raise separately dollars in order to avoid taking the cash that we need 100% on the balance sheet of Digi Power to fuel current data centers and future data centers growth. We cannot be distracted in financing basically an equipment business, which is U.S. Data Center's purpose to basically design, manufacture modular system, mini data centers prefabricated that you assemble in different sites. So we did not want to distract or pool any cash from the Digi Power pool. So we started to raise money on this separately, and we raised money up to $125 million pre-revenue valuation. We plan to raise a little bit more on a higher valuation. And the plan for '27 is to deliver to different sites modular systems like a piece of equipment. So it's a complete different business purpose than Digi Power, which is in the power and data center processing and GPU bare-metal. Operator: And our last question, is the company still using its ATM vehicle? How are the funds utilized? What are your strategies to mitigate shareholder dilution? And also, please provide an update on the company's debt financing discussions. Michel Amar: So that's one of the most important concern from all shareholders, including myself, the biggest shareholder, okay? Sometimes the ATM is a necessary evil. And 100%, I can assure you that with $1 million last year, $1.7 million last year of cash, I could never take off, borrow, stop any type of AI business, impossible. So I had to be -- I had to position the company in a way where we could be eligible to attract lenders with a strong balance sheet. Of course, everything has to be done in measures. And I think we raised most of our ATM capital early Q2 at an average of -- I'm not going to guarantee the average, but much higher of our stock price today. I think our last ATM draw was at $7.25 or $7.50 a share. So we did not draw any dollars below that, if my memory serves right. So now we accumulated enough cash to, a, self-fund most of the data center of Alabama. So we are not at risk of execution from a financial perspective. And I think that it was very important to secure the execution of that first data center, which is a real catalyst for us. Then how can I talk to a lender if I don't have cash sitting on my balance sheet? Lenders want to see cash, strong balance sheet, specifically this year. So now because we have a strong balance sheet, and I'll talk about the -- our company debt financing discussions today, we ended up engaging Goldman Sachs, a very reputable bank that has proven to be able to syndicate a lot of financing for very big companies, okay? And we are very confident that we will land debt financing for not only this project, but we will get cash back because we already -- as you -- we stated earlier, we already CapEx over $110 million. So we're going to get cash back. We're going to preserve a strong balance sheet. We find a great partner -- financial partner, not only for this year, but for next year and the next few years of growth. We have all the cards in our hands. A little bit of faith from our shareholders, the same faith that I give to my company that I invested privately 10 years ago. And we will be in a very amazing situation in the next 3 months to 6 months. You have to appreciate that in 12 months, we changed that company numbers dramatically. We went from $1.7 million to $150 million of cash today, plus $110 million of CapEx. That's a huge delta. We went from $37 million of assets to $279 million of assets. You have a company that has real assets with a very, very, in my opinion, low market cap compared to the assets and compared to the cash. So we are very close to execute our plan. We execute. That's our mission. We are focused on the execution. We have all the elements to do so. And next quarter, we should have a great update for you guys. Operator: And we have reached the end of the question-and-answer session. And therefore, Michel, do you have any closing remarks? Michel Amar: I think I just did it. That was my closing remarks. I need to be focused and all the team focus work. I wanted to add that subsequently, we are building a very, very smart team in Silicon Valley with our CTO, Jag. We have very talented engineers building the layer of software for GPU-as-a-Service. We got an office that will be open soon, actually very close to Cerebras, NVIDIA, Supermicro. And we plan to offer more to all verticals in all the different layers of this business. And the team we are building come from -- like Jag from Oracle, where he worked for like 11 years there as a lead, 2-gigawatt data centers. So I think we are in good shape. We just need to push focus. We are -- the path is there, okay? It's all about execution. And we are closing the loop on the financial answers to mitigate dilution. And that's the goal for -- it's my goal. It's the goal for every company, but sometimes you have to get to a spot where you're eligible for debt financing. We are there now. Thank you, everyone. Operator: Thank you. And this concludes today's conference, and you may disconnect your lines at this time. Have a good day. Michel Amar: Thank you. 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Highlights $1.1 Billion of Contracted AI Infrastructure Revenue, First AI Compute Revenue, Positive Adjusted EBITDA and Strong Balance Sheet MIAMI, FL / ACCESS Newswire / August 14, 2026 / Digi Power X Inc. (NASDAQ:DGXX)(Cboe Canada:DGX) ("Digi Power X" or the "Company"), an AI data center infrastructure operator, today reported its financial and operating results for the second quarter ended June 30, 2026 (all amounts in U.S. dollars, unless otherwise indicated). The Company's quarterly report on Form 10-Q, which includes unaudited consolidated financial statements and management's discussion and analysis ("MD&A") for the quarter ended June 30, 2026, has been filed and made accessible under the Company's continuous disclosure profile on SEDAR+ at www.sedarplus.ca and is also available on EDGAR at www.sec.gov/edgar. Second Quarter 2026 Highlights All amounts in U.S. dollars (millions) Revenue of approximately $6.6 million for the second quarter of 2026; Net loss of approximately $14.4 million for Q2 2026; Generated the Company's first AI compute revenue, with approximately $1.1 million of GPU bare-metal rental revenue from approximately five weeks of operations; Approximately $30 million invested in GPU infrastructure, representing approximately 0.6 MW of deployed AI compute capacity; $1.1 billion of contracted AI data center future revenue, with an option to expand the relationship that could increase the total potential contract value to approximately $2.5 billion; $142.4 million of cash and cash equivalents as at June 30, 2026; Combined total of $127.5 million of property, plant and equipment, net, and long-term amounts assets; $279.6 million of total assets and $265.0 million of shareholders' equity as at June 30, 2026; Positive Adjusted EBITDA[1] of approximately $3.3 million, compared with approximately $0.1 million in the prior-year period. For Q2 2026, the Company reported revenue of approximately $6.6 million, including: approximately $3.6 million from colocation services and legacy mining; $1.9 million from energy sales; and $1.1 million from GPU rental. CEO Commentary Strong Balance Sheet and Capital Position Amounts in U.S. dollars (millions) The Company's cash and cash equivalents position subsequently increased to approximately $150 million as of August 14, 2026; Approximately $110 million of year-to-date capital investment and equipment deposits. Operational Updates Alabama - Tier III AI Data Center Construction of Digi Power X's purpose-built Tier III AI data center in Columbiana, Alabama continues to progress on schedule. The Company expects Phase 1, representing 15 MW of IT load, to be delivered in December 2026, followed by Phase 2, representing an additional 25 MW, in March 2027, for up to 40 MW of IT load. The Company's 10-year AI data center agreement represents approximately $1.1 billion of contracted revenue, with an option to expand the relationship that could increase the total potential contract value to approximately $2.5 billion. NeoCloudz - GPU Bare-Metal AI Compute Digi Power X has invested approximately $30 million in GPU infrastructure, representing approximately 0.6 MW of deployed AI compute capacity. The platform generated approximately $1.1 million of revenue during Q2 2026 from approximately five weeks of operations, marking Digi Power X's first AI compute revenue. The Company's B300 GPU bare-metal infrastructure has operated at 100% uptime since May 2026. Based on the performance of the initial deployment and current market opportunities, Digi Power X plans to expand its GPU bare-metal platform by approximately 10 MW during 2027. The Company is also actively evaluating additional power sites to support future expansion. President Commentary New York - AI Conversion Digi Power X continues to prepare its New York infrastructure assets for conversion to AI data center operations. The Company is targeting the transition of these sites beginning in Q3 and Q4 2027. The Company has received reassurance regarding the grandfathered status of its existing operations and continues to advance engineering and development planning for the AI transition. North Carolina - Future AI Campus Digi Power X owns approximately 40 acres adjacent to one of North Carolina's largest electrical switchyards and is advancing development planning for a large-scale AI data center campus. The current development plan contemplates approximately 75 MW in 2029 and an additional 75 MW in 2030. The North Carolina site represents an important component of Digi Power X's longer-term strategy to develop a geographically diversified portfolio of power-secured AI infrastructure assets. West Virginia - 1.3 GW Power Opportunity The Company continues to assess opportunities associated with its previously announced LOI involving a 1.3 GW power generation asset in West Virginia. Digi Power X is evaluating potential structures for participating in the asset and how its available power could support the Company's longer-term AI infrastructure strategy. Silicon Valley Office The Company is pleased to announce that it will be opening its Silicon Valley office in Q3 2026 to house its dedicated engineering team for its GPU-as-a-Service business. CTO Commentary US Data Centers Inc. During Q2 2026, US Data Centers Inc., a subsidiary of the Company ("USDC"), raised outside capital at a $125 million pre-money valuation. Digi Power X believes its approximate 48% ownership interest in USDC provides shareholders with additional exposure to the potential growth and commercialization of USDC's modular AI data center platform. 2027 Outlook Based on its contracted business, available power and planned AI infrastructure deployments, the Company is targeting an annualized revenue run-rate of approximately $250 million to $300 million by Q3 2027. The Company's 2027 outlook consists of two principal components: Contracted Revenue Based on existing customer contracts and scheduled deployments, Digi Power X expects to reach approximately $140 million of annualized contracted revenue run-rate during 2027. The Company's existing AI data center agreement represents approximately $1.1 billion of total contracted revenue, with an option to expand the relationship that could increase the total potential contract value to approximately $2.5 billion. Expected Revenue Based on Available Power In addition to its contracted revenue base, Digi Power X expects to have additional power and infrastructure available during 2027 to support further AI deployments. The Company is targeting approximately 40 MW of additional colocation capacity and approximately 10 MW of additional GPU bare-metal compute capacity. Based on its available power, planned capacity and current market opportunities, management expects these additional deployments to provide the incremental revenue required to achieve the Company's targeted $250 million to $300 million annualized revenue run-rate by Q3 2027, subject to customer contracting, deployment schedules and utilization. The Company expects the transition toward this higher revenue profile to become increasingly visible during the second half of 2026, with Q3 2026 revenue expected to increase significantly compared with Q2 2026. These targets are subject to execution, customer ramp, financing availability and the other factors described under "Forward-Looking Statements" below. Conference Call Details The Company will host a conference call to discuss its second quarter 2026 results on August 14, 2026 at 8:30 AM ET. The conference call can be accessed by dialing the numbers below, or guests can utilize the Call Me link. 1-877-407-9039 or 1-201-689-8470. Call Me: https://callme.viavid.com/viavid/?callme=true&passcode=13750233&h=true&info=company&r=true&B=6 A live webcast and replay will be available at investors.digipowerx.com. Adjusted EBITDA - GAAP Reconciliation The following table reconciles GAAP net loss to EBITDA and Adjusted EBITDA. Adjusted EBITDA is a non-GAAP financial measure presented as a supplement to GAAP results. See "Non-GAAP Financial Measures" below. Amounts in U.S. dollars (millions) EBITDA and Adjusted EBITDA exclude share-based compensation, digital currency revaluation, changes in fair value of financial instruments, and capitalized AI infrastructure payroll costs. These non-GAAP measures are not substitutes for GAAP results. Non-GAAP Financial Measures Adjusted EBITDA is a non-GAAP financial measure. The Company defines Adjusted EBITDA as net income (loss) before interest, taxes, depreciation and amortization, and further adjusted to exclude share-based compensation, digital currency revaluation, changes in fair value of financial instruments (including warrant liabilities), gain/loss on settlement of debt, and gains or losses on sale of property and equipment. Management believes that providing this non-GAAP financial measure that excludes these items allows for meaningful comparisons between the Company's core business operating results and those of other companies and provides the Company with an important tool for financial and operational decision making and for evaluating its own core business operating results over different periods of time. In addition to management's internal use of non-GAAP Adjusted EBITDA, management believes that Adjusted EBITDA is also useful to investors and analysts in comparing our performance across reporting periods on a consistent basis. The Company's Adjusted EBITDA measure may not be directly comparable to similar measures provided by other companies in our industry, as other companies in our industry may calculate non-GAAP financial results differently. The Company's Adjusted EBITDA is not a measurement of financial performance under GAAP and should not be considered as a substitute for, or superior to, net loss or any other measure of performance calculated in accordance with GAAP. About Digi Power X Digi Power X is an AI infrastructure company, operating a vertically integrated portfolio of power assets and data center capacity across Alabama, New York, and North Carolina. The Company's NeoCloudz platform delivers GPU-as-a-Service on dedicated, bare metal NVIDIA infrastructure. For more information, visit www.digipowerx.com. Investor Relations For further information, please contact:Michel Amar, Chief Executive OfficerDigi Power X Inc.www.digipowerx.comInvestor Relations: T: 888-474-9222 | Email: [email protected] Cautionary Statement Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release. Cautionary Note and Forward-Looking Statements Except for the statements of historical fact, this news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes the statements under "2027 Outlook" and other statements regarding goals, expectations and targets for the business of Digi Power X, including through USDC. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "goals," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking information is subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the Company's ability to maintain and obtain new customers; that any additional commercial agreements under discussion will be entered into, or that the West Virginia or upstate New York opportunities will be realized; the Company's ability to fulfill its obligations pursuant to its colocation agreements; counterparty performance; the Company's ability to execute its evolving business model and strategy, including as it relates to its expansion into the data center market; future capital needs and uncertainty regarding the Company's and USDC's ability to raise additional capital or obtain financing; Phase 2 deployment of the Company's purpose-built AI data center campus is conditioned on the Company securing adequate financing, and there can be no assurance that financing will be completed on the terms contemplated or at all; costs associated with the development, manufacturing and deployment of AI infrastructure; risks relating to construction and equipment delivery; delivery of deployment of equipment may not occur on the timelines anticipated by the Company, or at all; global demand for AI computing infrastructure; further improvements to profitability and efficiency may not be realized; permitting and interconnection, regulatory matters, and general economic and market conditions; and other related risks, some of which are more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company's filings at www.sedarplus.ca and in the Company's annual, quarterly and current reports filed with the SEC. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Forward-looking information is not a guarantee of future performance, and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law. [1] Adjusted EBITDA is a non-GAAP financial measure presented as a supplement to GAAP results. See "Adjusted EBITDA-GAAP Reconciliation" and "Non-GAAP Financial Measures" below." SOURCE: Digi Power X Inc. View the original press release on ACCESS Newswire

Digi Power X (NASDAQ: DGXX; Cboe Canada: DGX) reported approximately $6.6 million in second-quarter revenue on Friday, including its first $1.1 million from AI compute. The infrastructure operator recorded a $14.4 million GAAP net loss for the quarter ended June 30. Colocation services and legacy mining supplied approximately $3.6 million of revenue, while energy sales contributed $1.9 million. GPU bare-metal rentals generated $1.1 million during roughly five weeks of operations. Digi Power X reported adjusted EBITDA of $3.3 million, up from $100,000 in the prior-year period. The non-GAAP calculation excluded $5.8 million of share-based compensation, $2.8 million of cryptocurrency revaluation losses and $5 million of warrant fair-value losses, among other adjustments. Stay ahead of AI infrastructure deals. Get Blockspace in your inbox. Cash and cash equivalents totaled $142.4 million at June 30 and increased to approximately $150 million by Friday, according to Digi Power X. The operator reported no debt and approximately $110 million in capital investment and equipment deposits since the start of the year. Approximately $30 million has gone into Digi Power X’s GPU infrastructure, which represents 0.6 MW of deployed compute capacity. Its B300 bare-metal systems have maintained 100% uptime since May, the company said. Digi Power X plans to add approximately 10 MW of GPU capacity during 2027 and has also committed $35 million to NVIDIA Vera Rubin systems. The company is developing a Tier III AI data center in Columbiana, Alabama. Phase 1 is scheduled to deliver 15 MW of critical IT load in December, followed by another 25 MW in March 2027. The 40 MW campus supports a 10-year contract representing approximately $1.1 billion of future revenue, with an expansion option that could increase potential contract value to $2.5 billion. Construction remains on schedule, Digi Power X said. The operator is in advanced discussions with lenders for Alabama project financing and has hired Goldman Sachs to assist with syndication. “In this business, you are underwritten on what you have delivered, not what you have announced,” President Alec Amar said. “Columbiana is our flagship and delivering it on schedule establishes the operating track record that hyperscale customers and project lenders require.” By the third quarter of 2027, Digi Power X is targeting an annualized run-rate of $250 million to $300 million. Of that amount, approximately $140 million would come from existing contracts and scheduled deployments, while the balance depends on additional colocation and GPU capacity securing customers and reaching expected utilization. Stay ahead of AI infrastructure deals. Get Blockspace in your inbox.

Interested in Digi Power X Inc.? Here are five stocks we like better. Digi Power X generated $6.6 million in Q2 revenue as it shifted toward AI computing, colocation and GPU rentals, including $1.1 million from its first GPU bare-metal rentals. Adjusted EBITDA was positive at $3.3 million, though the company recorded a $14.4 million net loss largely due to depreciation and other non-cash items. The company significantly strengthened its balance sheet, reporting $142.4 million in cash, $279 million in total assets and no long-term debt as of June 30. It has invested approximately $110 million year to date in GPU equipment and the Alabama data-center build-out. Digi Power X expects Q3 revenue to rise more than 100% sequentially and remains on track to complete the first two Alabama campus phases by December 2026 and March 2027. Management is pursuing debt financing to fund expansion while limiting shareholder dilution, alongside longer-term projects in New York, North Carolina and West Virginia. Digi Power X (NASDAQ:DGXX) reported second-quarter revenue of $6.6 million as it continued shifting from legacy operations toward artificial intelligence computing, colocation and GPU rental services. The company also recorded its first revenue from GPU bare-metal rentals and reported positive adjusted EBITDA, while posting a net loss of $14.4 million for the quarter. Chief Executive Officer Michel Amar said the quarter marked a transition point for the company, with $1.1 million of GPU revenue generated from an initial fleet of B200 and B300 GPUs deployed at its Columbiana, Alabama facility. The fleet began operating during the third week of May, contributing roughly five weeks of revenue through the end of June, according to Amar. → Lumentum Just Delivered the AI Growth Investors Wanted Adjusted EBITDA was $3.3 million, up $3.2 million from the second quarter of 2025. Amar attributed the company’s net loss primarily to depreciation and other non-cash items. As of June 30, Digi Power X reported cash and cash equivalents of $142.4 million, compared with $1.7 million a year earlier. Working capital totaled $131 million, an increase of approximately $130 million year over year. → Ryman Checks Into a $1.38B Hospitality Upgrade The company reported $14.3 million in digital-asset holdings and $127.5 million in net fixed assets and equipment deposits, reflecting investment in the Columbiana data center project. Total assets reached $279 million, compared with $37 million a year earlier, and the company reported no long-term debt. Amar said the company had deployed about $110 million in capital expenditures year to date for GPU equipment and the Alabama data-center build-out connected with its contract with Cerebras Systems. He said cash and cash equivalents stood at approximately $115 million “as of today,” though he later described the company as having approximately $150 million in cash. → Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal Digi Power X continues to target December 2026 for the first phase of its Columbiana AI campus and the end of the first quarter of 2027 for the second phase. Amar said the company has completed purchases of long-lead equipment for the initial 50 megawatts and has started receiving equipment earlier than scheduled. For the second phase, which is expected to deliver an additional 25 megawatts, Amar said the company has secured long-lead equipment scheduled to arrive in November and December. He said management believes it is positioned to complete the phase by March 2027. The company anticipates third-quarter revenue will increase by more than 100% compared with the second quarter, driven by GPU-as-a-service and bare-metal rental operations, energy sales and legacy colocation operations. Amar said Digi Power X is in advanced discussions regarding debt financing for the Alabama data center, with the stated objective of supporting growth while limiting shareholder dilution. He said the company had previously used its at-the-market equity program to build its cash position and become eligible for debt financing. According to Amar, the company engaged Goldman Sachs to pursue financing and expects debt funding could both support the project and return cash to the company after its capital expenditures. He said the company had not drawn funds through the ATM program below approximately $7.25 to $7.50 per share, based on his recollection. “Now we accumulated enough cash to, A, self-fund most of the data center of Alabama, so we are not at risk of execution from a financial perspective,” Amar said. Amar said Digi Power X’s New York operations in North Tonawanda and Buffalo are grandfathered under the state’s data-center moratorium rules because the sites have operated since 2016 and 2021, respectively. While the company cannot expand its existing power footprint, he said it has sufficient existing capacity to pursue a 40- to 50-megawatt colocation arrangement and 8 to 10 megawatts of GPU-as-a-service or bare-metal operations by 2027. The company has also ordered Vera Rubin GPUs, which Amar said are expected to arrive early in the first quarter of 2027. He said GPU equipment remains capital-intensive, but management expects growing availability of asset-based financing to support its GPU rental program. In North Carolina, Digi Power X owns about 40 acres across two parcels and is working with Duke Energy and zoning authorities on studies and permits for a potential major data center. Amar said the site could support 150 to 200 megawatts of power beginning around 2029 or 2030. Separately, Amar said the company is pursuing a potential development path at the Pleasants Power Station in West Virginia, where an affiliated entity signed a letter of intent. He said Digi Power X’s interest is in securing land, electrical infrastructure and access to utility power, potentially beginning with 100 megawatts and growing toward 1.3 gigawatts. He characterized the opportunity as a longer-term initiative for the 2027-to-2030 period. Amar also said Digi Power X is building a Silicon Valley team, including engineers focused on software for GPU-as-a-service offerings, as the company seeks to expand across additional layers of the AI computing business. Digihost Technology Inc operates as a blockchain technology company that focuses on digital currency mining in the United States. It mines for cryptocurrency. The company was incorporated in 2017 and is headquartered in Toronto, Canada. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Digi Power X Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Q2 2026 marked a fundamental turning point as the company recognized its first AI revenues following the planned wind-down of legacy operations. Performance was driven by the initial deployment of B200 and B300 GPU bare-metal rentals at the Columbiana facility, which achieved 100% uptime during the first five weeks of operation. The company significantly strengthened its balance sheet, increasing total assets from $37 million to $279 million year-over-year to establish eligibility for institutional debt financing. Q2 marked a turning point for Digi Power X with its first AI revenues and positive adjusted EBITDA, though the company reported a net loss of $14.4 million for the quarter. Strategic positioning is focused on securing long-lead equipment early to ensure Phase 1 and Phase 2 of the Alabama AI campus remain on or ahead of schedule. The company is building a specialized software engineering team in Silicon Valley to develop proprietary layers for its GPU-as-a-Service offering. Management anticipates Q3 2026 revenue to increase by approximately over 100% compared to Q2 as GPU utilization scales. Phase 1 of the Alabama AI campus is targeted for service in December 2026, with Phase 2 expected to follow by the end of Q1 2027. The company plans to deploy NVIDIA Vera Rubin GPUs in early Q1 2027 to further expand the bare-metal rental income stream. Long-term growth strategy involves converting existing New York power capacity into 40-50 MW of colocation and 8-10 MW of GPU-as-a-Service by 2027. Future expansion plans include developing a 150-200 MW data center in North Carolina with a target utilization window of 2029-2031. The company deployed approximately $110 million in year-to-date capital expenditures specifically for GPU equipment and the Cerebras contract infrastructure. Ownership in U.S. Data Center, Inc. was reduced from 55% to 48% to allow that entity to raise independent capital and avoid distracting Digi Power X's cash reserves. Management is actively engaged with Goldman Sachs to secure debt financing that would allow for capital recovery of previous expenditures and mitigate future equity dilution. A strategic LOI for land access at a 1.3 GW power station in West Virginia provides a long-term growth path through 2030 without assuming power plant liabilities. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management clarified that their New York sites are grandfathered in because they have operated legacy Bitcoin mining there since 2016 and 2021. While they cannot expand the total power footprint, they have sufficient existing power (60 MW in North Tonawanda and 18 MW in Buffalo) to meet their 2027 conversion targets. The emergence of residual value funds for GPUs from major banks like BlackRock and Goldman Sachs is expected to make asset-based financing easier to secure. Management intends to finance GPU growth separately from the primary data center debt to accelerate the bare-metal program. The CEO defended the use of the At-The-Market (ATM) facility as a "necessary evil" to build the $150 million cash balance required to attract institutional lenders. Confirmed that recent ATM draws were executed at prices between $7.25 and $7.50, and the company is now focused on debt financing to avoid further dilution.

MIAMI, FL / ACCESS Newswire / August 4, 2026 / Digi Power X Inc. (NASDAQ:DGXX)(Cboe Canada:DGX) (the "Company" or "Digi Power X"), an AI data center infrastructure operator, plans to announce its financial results for the second quarter ended June 30, 2026 (the "Second Quarter Results") (all amounts in U.S. dollars, unless otherwise indicated) on August 14, 2026 and will provide an update on its operations at that time. Additionally, the Company will host a conference call to discuss the Second Quarter Results on August 14, 2026, at 8:30 AM ET. Digi Power X executives will review the Second Quarter Results and provide additional updates on the Company's state. Results will be shared via media release and on the Company's website at www.digipowerx.com. The conference call can be accessed by dialing the numbers below, or guests can utilize the Call Me link. 1-877-407-9039 or 1-201-689-8470. Call Me: https://callme.viavid.com/viavid/?callme=true&passcode=13750233&h=true&info=company&r=true&B=6 About Digi Power X Digi Power X is an AI infrastructure company, operating a vertically integrated portfolio of power assets and data center capacity across Alabama, New York, and North Carolina. The Company's NeoCloudz platform delivers GPU-as-a-Service on dedicated, bare metal NVIDIA infrastructure. For more information, visit www.digipowerx.com. Investor Relations For further information, please contact:Michel Amar, Chief Executive OfficerDigi Power X Inc.www.digipowerx.comInvestor Relations: T: 888-474-9222 | Email: [email protected] Cautionary Statement Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Except for the statements of historical fact, this news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes statements regarding goals, expectations and targets for the business of Digi Power X. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "goals,' "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking information is subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: future capital needs and uncertainty regarding the Company's ability to raise additional capital; costs associated with the development, manufacturing and deployment of AI infrastructure; global demand for AI computing infrastructure; further improvements to profitability and efficiency may not be realized; and other related risks, some of which are more fully set out in the Company's annual report on Form 10-K for the year ended December 31, 2025 and other documents disclosed in the Company's filings at www.sedarplus.ca and in the Company's annual, quarterly and current reports filed with the SEC on its website, www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law. SOURCE: Digi Power X Inc. View the original press release on ACCESS Newswire

Digi Power X Inc (NASDAQ:DGXX, FRA:1NQ0, NEO:DGX) is targeting an annualized run rate of approximately $250 million to $300 million across its three operating segments for fiscal 2027, the AI data center infrastructure operator said. The company expects its AI colocation business to contribute $80 million to $100 million as Phase 1 of its purpose-built AI data center campus completes a full year of operations and Phase 2 begins contributing following its targeted commissioning of 40 MW. Digi Power X is targeting an aggregate of 90 MW of AI colocation capacity for fiscal 2027, which could bring total colocation revenue to approximately $200 million. Digi Power X's GPU-as-a-Service platform, NeoCloudz, is expected to scale toward roughly 10 MW of deployed capacity over the course of the year, with the company targeting a year-end annualized run rate of up to $100 million as additional GPU capacity comes online. Energy sales are expected to add a further $12 million. Meanwhile, construction of the company's flagship AI data center campus remains on track, with Phase 1 targeted for a ready-for-service date of December 2026 and Phase 2 expected to come online by the end of the first fiscal quarter of 2027. The company said crews are now erecting the building shell as the project moves from site and civil work into vertical construction, and that commitments are in place for all major long-lead equipment needed to complete Phase 1, including electrical and switchgear infrastructure. The company is also pursuing project-level financing to support its data center buildout, consistent with its stated preference for non-dilutive debt, with further details expected once definitive documentation is finalized. To support growth at NeoCloudz, Digi Power X plans to open a Silicon Valley office by August 2026 and is building out a dedicated engineering team for the business. "Our team remains focused on delivering the milestones ahead of us, advancing our purpose-built AI data center campus toward its ready-for-service targets, scaling the NeoCloudz platform, and building the Tier 3 infrastructure needed to meet accelerating demand for AI compute," said Michel Amar, CEO. "We continue to be in a position to fund our rapid expansion internally," added Paul Ciullo, CFO of Digi Power X. As of July 2026, the company has approximately $155 million in cash and cash equivalents and no long-term debt, with roughly $95 million in year-to-date capital expenditures directed toward its Columbiana, Alabama campus.

This article first appeared on GuruFocus. Market Capitalization: Approximately $275 million. Cash and Cash Equivalents: $97 million, including $90 million in cash and $7 million in Bitcoin and Ethereum. Long-term Debt: Zero long-term debt. Insider Ownership: 10.8%, predominantly held by the founder, Chairman, and CEO. Shares Outstanding: 67 million shares, with 72 million fully diluted. Alabama Facility Capacity: 70 megawatts, with plans to have 20 megawatts of tenants by mid-2026 and 40 megawatts by the end of 2026. Power Plant Capacity: 123 megawatts in North Tonawanda, New York. North Carolina Site Capacity: Approved for 200 megawatts. Tier 3 Data Center Valuation: Potential value of $500 million for 40 megawatts by mid-2026. ARMS 200 Pods: Tier 3 certified, with a provisional patent filed. Potential Company Valuation: $875 million if 70 megawatts are converted to Tier 3 by the end of 2026. Warning! GuruFocus has detected 5 Warning Signs with DGXX. Is DGXX fairly valued? Test your thesis with our free DCF calculator. Release Date: May 15, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Digi Power X Inc (NASDAQ:DGXX) is transitioning from a Tier 1 infrastructure company to a Tier 3 high-performance computing (HPC) AI company, positioning itself in a rapidly growing industry. The company has a strong financial position with $97 million in cash and cash equivalents, including $90 million in US dollars and $7 million in Bitcoin and Ethereum. Digi Power X Inc (NASDAQ:DGXX) owns valuable infrastructure, including a power plant in upstate New York and several facilities with significant capacity for expansion. The company has developed a patented AI Ready Modular Solution (ARMS 200) for HPC AI infrastructure, which is scalable and can be deployed quickly. Digi Power X Inc (NASDAQ:DGXX) has announced a strategic collaboration with Nano Nuclear, exploring future clean energy solutions for its data centers. The company is currently experiencing a pullback in stock valuation, reflecting broader trends in the AI industry. Digi Power X Inc (NASDAQ:DGXX) is in a transitional phase, which involves significant capital expenditure and potential risks associated with infrastructure conversion. The feasibility of deploying small modular nuclear reactors is still theoretical and will require extensive permitting and time to implement. The supply chain for necessary infrastructure components, such as transformers, is currently strained, potentially delaying expansion plans. The company's future growth and valuation depend heavily on successfully securing long-term tenants for its Tier 3 data centers, which is not yet guaranteed. Q: Can you talk about Digi Power X's business model for Tier 3 Colo and NeoCloudz? A: Edward Karr, Capital Markets Advisor: We anticipate co-location at our Alabama and Northern New York facilities to be around $150 per kilowatt per month. NeoCloudz will cater to smaller organizations, renting chips by the hour, with competitors charging $15 to $20 per hour per chip. A one-megawatt cluster, approximately 500 chips, could generate significant monthly revenues. Q: What is the current financial position of Digi Power X? A: Edward Karr, Capital Markets Advisor: As of November, we have $97 million in cash and cash equivalents, with $90 million in money market funds and T-bills, and $7 million in Bitcoin and Ethereum. We have zero long-term debt, and our market capitalization is approximately $275 million. Q: How is Digi Power X transitioning its infrastructure? A: Edward Karr, Capital Markets Advisor: We are pivoting from a Tier 1 infrastructure company focused on Bitcoin mining to a Tier 3 HPC AI company. Our first facility in Alabama is transitioning to a Tier 3 data center, deploying ARMS 200 pods, and we plan to scale up to 70 megawatts of capacity. Q: What are the strategic plans for Digi Power X's power plant in New York? A: Edward Karr, Capital Markets Advisor: Our power plant in North Tonawanda, New York, rated for 123 megawatts, is being transitioned into a Tier 3 data center hub. We are exploring strategic collaborations, such as with Nano Nuclear, to potentially incorporate small module reactor technology for future energy needs. Q: What is the potential market value of Digi Power X's Tier 3 data centers? A: Edward Karr, Capital Markets Advisor: By the end of 2026, we anticipate having 70 megawatts of Tier 3 data centers, potentially valuing the company at $875 million. If we convert all 412 megawatts, the value could be substantial, though this will require significant CapEx and favorable debt terms. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Digi Power X (NASDAQ: DGXX) released first-quarter 2026 financial results on Friday, saying its NeoCloudz GPU cloud platform is live and has generated its first AI revenue. The company said it holds roughly $125 million in cash with zero long-term debt. Shares of DGXX traded down 4.2% in pre-market hours, but remain up 8.9% on the five day, per Yahoo Finance. Digi Power X said it has deployed $45 million in year-to-date capital expenditures at its Columbiana, Alabama site. The company described itself as an AI data center infrastructure operator with a vertically integrated portfolio of power assets and data center capacity across Alabama, New York and North Carolina, with about 400 MW of secured power. The NeoCloudz platform provides GPU-as-a-Service on dedicated NVIDIA infrastructure, according to the release. The $125 million cash figure represents an increase from the $78.5 million the company reported at the end of fiscal year 2025 on March 31. AI and Bitcoin’s daily show: Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you listen to podcasts. The Q1 release marks the first results update since Digi Power X said in its fiscal-year 2025 report that it expected to generate initial AI revenue after the completion of testing in April. The company had framed fiscal 2025 as the first stage of its shift away from cryptocurrency mining toward AI infrastructure. “Twelve months ago, Digi Power X was a cryptocurrency mining company with $1.7 million in cash. Today, we have $78.5 million in cash, zero debt and a commissioned AI data center platform, and we expect to generate our first AI revenues following the completion of testing in April,” CEO Michel Amar said in the March 31 fiscal-year 2025 release. The company has announced several AI-related developments over the past six months. In December 2025, Digi Power X said it had completed its first NVIDIA B200 GPU cluster in Alabama and expected to begin data processing in Q1 2026. On May 5, the company announced a master services agreement with Cerebras Systems for a 40-megawatt AI data center campus in Columbiana. In its fiscal-year 2025 results, Digi Power X said total revenue was $34.2 million, down 8% from 2024. Colocation revenue rose to $17.5 million from $15.8 million, while energy revenue increased to $13.2 million from $4.6 million. The company said the transition to AI infrastructure was executed without incurring any debt. AI and Bitcoin’s daily show: Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you listen to podcasts.

NeoCloudz GPU Cloud Live with First AI Revenues; Approximately $125 Million Cash Today with Zero Long-Term Debt; $45 Million YTD Capex Deployed at Columbiana MIAMI, FL / ACCESS Newswire / May 15, 2026 / Digi Power X Inc. (Nasdaq:DGXX)(Cboe Canada:DGX) ("Digi Power X" or the "Company"), an AI data center infrastructure operator, today reported its financial and operating results for the first quarter ended March 31, 2026 (all amounts in U.S. dollars, unless otherwise indicated). The Company's quarterly report on Form 10-Q, which includes unaudited consolidated financial statements and management's discussion and analysis ("MD&A") for the quarter ended March 31, 2026, has been filed and made accessible under the Company's continuous disclosure profile on SEDAR+ at www.sedarplus.ca and is also available on EDGAR at www.sec.gov/edgar. First Quarter 2026 Financial Highlights (three months ended March 31, 2026) Amounts in U.S. dollars (millions) Net loss of $(4.7) million, compared to $(1.6) million in Q1 2025, primarily reflecting pre-revenue investment in AI infrastructure capacity, Phase 1 commissioning activity at Columbiana, and growth in corporate headcount supporting the AI build program. Adjusted EBITDA1 of $1.1 million, a $2.4 million year-over-year improvement from $(1.3) million in Q1 2025; Working capital of $67.2 million, a $68.0 million year-over-year increase from $(0.8) million as at March 31, 2025; Cash and cash equivalents of $73 million at quarter-end, with zero long-term debt; Net fixed assets of $26.4 million, up 29% year-over-year from March 31, 2025, reflecting capitalized investment at the Columbiana, Alabama facility; Revenue of $6.8 million, compared to $9.3 million in Q1 2025, reflecting the planned wind-down of legacy operations as the Company transitions to AI compute and colocation revenue. Operational and Post-Quarter Highlights NeoCloudz GPU-as-a-Service is live: recognized first revenues in May 2026 from its initial fleet of NVIDIA B200 and B300 GPUs deployed at the Columbiana, Alabama facility; Signed a $1.1 billion, 10-year AI colocation agreement (the "Colocation Agreement") with a leading AI infrastructure company, securing long-term contracted revenue; Approximately $125 million in cash and cash equivalents and $15 million in digital assets as of the date of this release (fair market value of digital assets per Gemini Exchange); Approximately $45 million in year-to-date capital expenditures deployed toward GPU equipment and data center buildout, principally at the Columbiana, Alabama facility; Uplist to Cboe Canada completed under the symbol "DGX," complementing the NASDAQ listing under the symbol "DGXX". 1 Adjusted EBITDA is a non-GAAP financial measure presented as a supplement to GAAP results. See "Adjusted EBITDA-GAAP Reconciliation" and "Non-GAAP Financial Measures" below. Management Statement 2027 Outlook For fiscal 2027, Digi Power X is targeting total revenue of approximately $250-$300 million across its three operating segments: AI colocation revenue from the Colocation Agreement is expected to contribute approximately $80-$100 million, reflecting a full year of Phase 1 operations and a partial year of Phase 2 following its targeted commissioning (40 MW), and the Company is targeting an aggregate of 90 MW of AI colocation for fiscal 2027 (50 MW in addition to the Colocation Agreement) for aggregate colocation revenues of up to $200 million; GPU-as-a-Service revenue through NeoCloudz is expected to scale over the course of the year to approximately 10 MW, as additional GPU capacity is deployed and contracted (assuming similar utilization rates and $/kW to the Company's current contracts), with the Company targeting a year-end annualized run rate of up to $100 million, noting that recognized segment revenue will depend on the timing of capacity deployment and customer offtake; Energy sales are anticipated to be comparable to current levels and are expected to contribute approximately $12 million. Conference Call Details The Company will host a conference call to discuss its first quarter 2026 results on May 15, 2026 at 8:30 AM ET. The conference call can be accessed by dialing the numbers below, or guests can utilize the Call Me link. 1-877-407-9039 or 1-201-689-8470. Call Me: https://callme.viavid.com/viavid/?callme=true&passcode=13750233&h=true&info=company&r=true&B=6 A live webcast and replay will be available at digipowerx.com/investor-relations. Option and RSU Grants The Company also announces the grant of a total of 650,000 stock options (the "Stock Options") and 1,730,000 restricted share units (the "RSUs") to certain officers, directors, management, key consultants and employees of the Company in accordance with the Company's stock option plan and restricted share unit plan, respectively. Each Stock Option is exercisable for a subordinate voting share of the Company at a price of C$9.84 for a period of five years from the date of grant. The Stock Options vest fully on the date of grant and are subject to the terms and conditions of the Plan. Each RSU entitles the holder to acquire one subordinate voting share of the Company on vesting. The RSUs granted to officers, directors and employees will vest in three equal tranches, on May 15, 2027, 2028, and 2029. Adjusted EBITDA - GAAP Reconciliation The following table reconciles GAAP net loss to EBITDA and Adjusted EBITDA. Adjusted EBITDA is a non-GAAP financial measure presented as a supplement to GAAP results. See "Non-GAAP Financial Measures" below. Amounts in U.S. dollars (millions) EBITDA and Adjusted EBITDA exclude share-based compensation, digital currency revaluation, changes in fair value of financial instruments, and capitalized AI infrastructure payroll costs. These non-GAAP measures are not substitutes for GAAP results. Non-GAAP Financial Measures Adjusted EBITDA is a non-GAAP financial measure. The Company defines Adjusted EBITDA as net income (loss) before interest, taxes, depreciation and amortization, and further adjusted to exclude share-based compensation, digital currency revaluation, changes in fair value of financial instruments (including warrant liabilities), gain/loss on settlement of debt, and gains or losses on sale of property and equipment. Management believes that providing this non-GAAP financial measure that excludes these items allows for meaningful comparisons between the Company's core business operating results and those of other companies and provides the Company with an important tool for financial and operational decision making and for evaluating its own core business operating results over different periods of time. In addition to management's internal use of non-GAAP Adjusted EBITDA, management believes that Adjusted EBITDA is also useful to investors and analysts in comparing our performance across reporting periods on a consistent basis. The Company's Adjusted EBITDA measure may not be directly comparable to similar measures provided by other companies in our industry, as other companies in our industry may calculate non-GAAP financial results differently. The Company's Adjusted EBITDA is not a measurement of financial performance under GAAP and should not be considered as a substitute for, or superior to, net loss or any other measure of performance calculated in accordance with GAAP. About Digi Power X Digi Power X Inc. (NASDAQ:DGXX | Cboe Canada:DGX) is a vertically integrated AI infrastructure company developing and operating purpose-built data centers, GPU cloud capacity, and modular and mobile compute platforms. The Company holds approximately 55% of US Data Centers Inc., which commercializes the ARMS modular data center platform and the URP-1 robotics line. Digi Power X is headquartered in Miami, Florida, with operating sites in Columbiana, Alabama and Niagara Falls, New York. For more information, visit www.digipowerx.com. Investor Relations For further information, please contact: Michel Amar, Chief Executive Officer Digi Power X Inc. www.digipowerx.com Investor Relations: T: 888-474-9222 | Email: [email protected] Cautionary Statement Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release. Cautionary Note and Forward-Looking Statements Except for the statements of historical fact, this news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes the statements under "2027 Outlook" and other statements regarding goals, expectations and targets for the business of Digi Power X, including through USDC. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "goals,' "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking information is subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the Company's ability to maintain and obtain new customers; the Company's ability to fulfill its obligations pursuant to the Colocation Agreement; the Company's ability to execute its evolving business model and strategy, including as it relates to its expansion into the data center market; future capital needs and uncertainty regarding the Company's and USDC's ability to raise additional capital; costs associated with the development, manufacturing and deployment of AI infrastructure; global demand for AI computing infrastructure; further improvements to profitability and efficiency may not be realized; and other related risks, some of which are more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company's filings at www.sedarplus.ca and in the Company's annual, quarterly and current reports filed with the SEC. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Forward-looking information is not a guarantee of future performance, and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law. SOURCE: Digi Power X Inc. View the original press release on ACCESS Newswire

Interested in Digi Power X Inc.? Here are five stocks we like better. Digi Power X is pivoting away from crypto mining and toward AI computing infrastructure, with management calling Q1 2026 an “inflection point” as legacy mining revenue declined and AI-related revenue began in May. The company reported adjusted EBITDA of $1.1 million versus a loss a year earlier, while maintaining a strong balance sheet with no long-term debt and substantial cash and digital asset holdings. AI expansion is now underway: NeoCloudz launched its first GPU rental contract, and Digi Power X plans major data center and colocation build-outs in Alabama, with management outlining ambitious multi-year revenue targets tied to added power capacity. Digi Power X (NASDAQ:DGXX) said its first-quarter 2026 results reflected a strategic transition away from cryptocurrency mining and toward AI computing infrastructure, with management highlighting positive adjusted EBITDA, a debt-free balance sheet and the start of AI-related revenue in May. Chief Executive Officer Michel Amar said the quarter marked “an inflection point” for the company as it deliberately reduced legacy crypto mining operations to make room for AI compute and colocation revenue. Revenue for the three months ended March 31, 2026, was $6.8 million, which management said reflected the planned wind-down of legacy operations. → Micron Investors Face a High-Stakes Moment After the Latest Rally The company reported adjusted EBITDA of $1.1 million for the quarter, compared with negative adjusted EBITDA of $1.3 million in the prior-year period. Amar said the improvement reflected disciplined capital management, with adjusted EBITDA calculated after deducting non-cash items from the company’s net loss. As of March 31, 2026, Digi Power X reported cash and cash equivalents of $71.4 million, working capital of $67.2 million and digital asset holdings of $13.6 million, up 208% year over year. Net fixed assets were $26 million, up 29% from the prior year, which management attributed to capitalized investment at the company’s Columbiana, Alabama facility. → How Bad Could Tesla’s Cybertruck Recall Be for Shares? During the Q&A portion of the call, Amar described March 31 cash as approximately $73 million. Management also said the company had no long-term debt as of March 31 and continued to have no debt as of May 15. The company gave updated liquidity figures for May 15, stating in prepared remarks that it had “approximately under $25 million” in cash and cash equivalents, about $15 million in digital assets and roughly $45 million in year-to-date capital expenditures deployed toward GPU equipment and data center build-out, primarily at Columbiana. Later in the call, Amar referred to approximately $125 million in cash and $15 million in digital assets, describing the balance sheet as the strongest in the company’s history. → How Berkshire’s New York Times Bet Looks Today Amar said the company is in discussions with lenders and has signed a term sheet with a lender as it seeks to fund future data center growth through debt financing rather than additional equity dilution. He said management is considering a 70/30 loan-to-cash financing structure for future development. Amar called the decision to transition from Bitcoin mining to AI infrastructure “the most consequential strategic decision in company history.” He said Bitcoin mining economics had become increasingly compressed and cyclical, while demand for AI compute infrastructure was entering a period of significant growth tied to model training and inference scaling. Management said Digi Power X has spent years assembling power-rich sites in Alabama, Niagara Falls, North Carolina and Buffalo. Amar said the company’s ownership of substations, utility interconnections and a combined-cycle gas power plant acquired in 2022 gives it a speed-to-market advantage for AI infrastructure projects. “We don’t need to wait for an interconnection with the utility,” Amar said, adding that the company’s power assets helped it secure and move quickly on a major contract with what he described as a major frontier AI company. Digi Power X said NeoCloudz, its GPU cloud business, began generating its first AI revenue in May 2026 through an initial deployment of NVIDIA B200 and B300 GPUs at the Alabama facility. Amar said the first bare-metal GPU rental contract went live on the day of the call after the company received, tested, commissioned and delivered the GPUs to its customer. The company said it executed a 24-month bare-metal GPU rental agreement with SubQuadratic AI and delivered on time. Amar credited coordination among NVIDIA, Supermicro and Digi Power X’s Alabama team for meeting the service date. Management said the first GPU contract represented slightly less than 1 megawatt of capacity and that the company expects to deliver an additional 6 megawatts by the end of 2026, with revenue potentially beginning in the fourth quarter of 2026 or the first quarter of 2027. The company is targeting the first phase of its Columbiana, Alabama AI campus to be ready for service in December 2026, with completion expected in the first quarter of 2027. Amar said the first colocation phase is expected to be about 15 megawatts, followed by an additional 25 megawatts in the first quarter of 2027, for a total of 40 megawatts. Amar said the colocation business is structured as a modified lease model and includes a 10-year contract valued at $1.1 billion, expandable to $2.5 billion, with what he described as one of the world’s top chipmakers. He said the structure is intended to provide stable income without requiring the same level of GPU capital expenditures. The company said it currently has about 210 megawatts connected to the grid and expects total secured capacity of approximately 393 megawatts across owned sites after additional capacity comes online. Amar also referenced a previously announced letter of intent involving a 1.3-gigawatt power plant in West Virginia, which he said the company is better positioned to explore for potential expansion in 2028 through 2030. Amar said Digi Power X’s strategy is to convert its available power into AI revenue through both colocation and GPU-as-a-service offerings. He emphasized that access to power is a key bottleneck for many companies in the AI infrastructure market. Management outlined the following goals: 2027: 90 megawatts of colocation and 10 to 12 megawatts of GPU-as-a-service, for a targeted annual run rate of about $300 million. 2028: An additional 50 megawatts of colocation and 20 megawatts of GPU bare-metal capacity, for a targeted annual run rate of $450 million to $500 million. 2029: An additional 100 megawatts of colocation and 50 megawatts of GPU bare-metal capacity, for a targeted annual run rate of $800 million to $1 billion. Amar said those targets depend on the company securing the financial strength and debt financing instruments needed to support the build-out. He said Digi Power X is receiving interest from institutions, partners and lenders as it pursues its growth plan over the next 36 months. Digihost Technology Inc operates as a blockchain technology company that focuses on digital currency mining in the United States. It mines for cryptocurrency. The company was incorporated in 2017 and is headquartered in Toronto, Canada. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Digi Power X Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.