Digi Power X Posts $1.1M Adjusted EBITDA, Secures $1.1B AI Colocation Deal
Digi Power X reported a Q1 net loss of $4.7 million and achieved adjusted EBITDA of $1.1 million, marking a $2.4 million year-over-year improvement. The company holds $125 million in cash with zero long-term debt and secured a $1.1 billion, 10-year AI colocation agreement.
1. First Quarter Financial Results
Digi Power X reported a net loss of $4.7 million for Q1 2026 compared to $1.6 million last year, driven by pre-revenue AI infrastructure investments and commissioning at the Columbiana facility. Adjusted EBITDA turned positive at $1.1 million, working capital rose to $67.2 million, and cash and equivalents stood at $73 million with zero long-term debt.
2. Operational Milestones
The company recognized first AI revenues from its NeoCloudz GPU-as-a-Service deployment of NVIDIA B200 and B300 GPUs and deployed $45 million in capex YTD at Columbiana, Alabama. It secured a 10-year, $1.1 billion AI colocation agreement, holds approximately $125 million in cash and $15 million in digital assets, and completed an uplist to Cboe Canada.
3. 2027 Outlook and Expansion Plans
For fiscal 2027, Digi Power X targets $250–$300 million in total revenue, including $80–$100 million from the colocation agreement and up to $200 million from 90 MW of aggregate AI colocation capacity. GPU-as-Service revenue is expected to scale toward a $100 million annualized run rate by year-end, energy sales to contribute about $12 million, and a Silicon Valley office is set to open in June.