Digi Power X Posts Q1 Adjusted EBITDA Profit, First NeoCloudz Revenues and $1.1B AI Colocation Deal
Digi Power X’s NeoCloudz GPU-as-a-Service began generating revenues in May with NVIDIA B200 and B300 deployments in Columbiana, Alabama, driving a $1.1M adjusted EBITDA profit in Q1 2026 versus a $1.3M loss last year. The company holds $73M cash, zero long-term debt and has a 10-year, $1.1B AI colocation agreement.
1. NeoCloudz Platform Revenue
Digi Power X’s NeoCloudz GPU-as-a-Service platform went live in May, deploying NVIDIA B200 and B300 GPUs at its Columbiana, Alabama facility and recognizing its first platform revenues.
2. Q1 Financial Performance
In Q1 2026, the company swung to an adjusted EBITDA profit of $1.1 million from a $1.3 million loss a year earlier, while revenue fell to $6.8 million from $9.3 million due to the planned wind-down of legacy operations; net loss widened to $4.7 million.
3. Balance Sheet and AI Agreement
At quarter-end, cash and cash equivalents stood at $73 million with zero long-term debt, working capital rose to $67.2 million and net fixed assets increased to $26.4 million; Digi Power X also secured a 10-year, $1.1 billion AI colocation agreement for long-term contracted revenue.
4. Expansion Funding and Capex
The company has deployed roughly $45 million in year-to-date capital expenditures toward GPU equipment and data center build-out and is pursuing debt financing to fund future facility expansions and avoid shareholder dilution.