Digi Power X Q2 2026: First AI Revenue, $1.1B Backlog, but $14.4M Net Loss
DGXX has more than doubled off its 52-week low of $1.86.
Summary
Digi Power X's Q2 2026 10-Q reveals first AI revenue and a massive contracted backlog, but also significant losses and continued heavy dilution through its ATM program.
Key Events · Earnings and Guidance · DGXX
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First AI Compute Revenue
Recognized $1.08M in GPU rental revenue from the SubQ AI agreement, marking the company's first AI-related revenue.
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$1.1B Contracted Backlog
The Cerebras colocation agreement provides a fixed take-or-pay fee of $195/kW/month, totaling approximately $1.1B over the initial 10-year term.
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Net Loss Widens
Q2 2026 net loss of $14.36M, up from $9.70M in Q2 2025, driven by $5.04M warrant liability revaluation loss and $5.75M share-based compensation.
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Heavy ATM Dilution
Issued 27.95M shares for $163.2M in H1 2026 under the ATM program, with an additional 2.85M shares for $11.26M issued after quarter end.
Analysis · DGXX · Crypto Assets
Digi Power X reported its first AI compute revenue of $1.08M from its SubQ AI GPU rental agreement, alongside a $1.1B contracted backlog from the Cerebras colocation deal. However, the company posted a $14.36M net loss for Q2 2026, driven by $5.04M in warrant liability revaluation losses and $5.75M in share-based compensation. The balance sheet shows $128.1M in cash, but the company continues to dilute shareholders heavily through its ATM program, issuing 27.95M shares for $163.2M in H1 2026 alone. The deconsolidation of US Data Centers Inc. reduced ownership to 48%, adding complexity to the AI infrastructure story.
How filings like this one have moved
In the 30 days to Oct 17, 2026, 36.8% of the 985 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.66%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DGXX was trading at $3.93 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $190.6M. The 52-week trading range was $1.86 to $9.20. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.