Digi Power X Reports First AI Compute Revenue, $1.1B Contracted Backlog, and Positive Adjusted EBITDA

summarizeSummary

Digi Power X reported Q2 2026 results with first AI compute revenue, a $1.1B contracted backlog, positive Adjusted EBITDA, and a 2027 revenue target of $250-$300M.

check_boxKey Events · Earnings and Guidance · DGXX

• First AI Compute Revenue

  Generated $1.1 million in GPU bare-metal rental revenue from approximately five weeks of operations, marking the company's first AI compute revenue.

• $1.1B Contracted Backlog

  Contracted AI data center future revenue of $1.1 billion, with an option to expand the relationship to approximately $2.5 billion.

• Positive Adjusted EBITDA

  Adjusted EBITDA of $3.3 million in Q2 2026, compared to $0.1 million in the prior-year period, driven by share-based compensation and warrant fair value adjustments.

• Strong Balance Sheet

  Cash and cash equivalents of $142.4 million as of June 30, 2026, increasing to approximately $150 million as of August 14, 2026, with no debt.

auto_awesomeAnalysis · DGXX · Crypto Assets

Digi Power X delivered its first AI compute revenue of $1.1 million from GPU bare-metal rentals, alongside a $1.1 billion contracted AI data center backlog with an option to expand to $2.5 billion. The company posted positive Adjusted EBITDA of $3.3 million, a key inflection point in its pivot from crypto mining to AI infrastructure. With $150 million in cash and no debt, management is targeting a $250-$300 million annualized revenue run-rate by Q3 2027, supported by the Alabama data center buildout and GPU platform expansion. The engagement of Goldman Sachs to syndicate debt financing for the Alabama project signals progress on funding the contracted buildout.