Digi Power X Reports Q1 Results, First AI Revenue, and Ambitious $250-300M 2027 Outlook
DGXX has more than doubled off its 52-week low of $1.16 on elevated volume (6.2× avg).
Summary
Digi Power X reported Q1 results showing increased net loss but improved Adjusted EBITDA, alongside the launch of its NeoCloudz GPU cloud with first AI revenues and an aggressive 2027 revenue target of $250-$300 million.
Key Events · Financing and Capital Events · DGXX
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Q1 2026 Financials
Reported a net loss of $(4.7) million but an improved Adjusted EBITDA of $1.1 million, with $125 million in cash and zero long-term debt post-quarter.
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First AI Revenue
NeoCloudz GPU-as-a-Service is now live and recognized its first AI revenues in May 2026, marking a key milestone in its strategic pivot.
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Ambitious 2027 Outlook
Projected total revenue of $250-$300 million for fiscal 2027, driven by AI colocation and GPU-as-a-Service, a substantial increase over current operations.
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Equity Compensation Grants
Granted 650,000 stock options (exercisable at C$9.84) and 1,730,000 restricted share units (RSUs) to officers, directors, and employees, representing potential dilution.
Analysis · DGXX · Crypto Assets
This 8-K provides the detailed Q1 2026 financial results and a highly ambitious 2027 revenue outlook, projecting $250-$300 million, significantly exceeding the company's current market capitalization. The company reported its first AI revenues from its NeoCloudz GPU-as-a-Service, signaling progress in its strategic pivot. While Q1 net loss increased, Adjusted EBITDA improved, and the company maintains a strong cash position of $125 million with zero long-term debt. Significant equity grants were issued, but management stated intent to seek debt financing to avoid further shareholder dilution.
How filings like this one have moved
In the 30 days to Oct 15, 2026, 37.1% of the 989 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.64%. 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 $6.87 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $193.6M. The 52-week trading range was $1.16 to $9.20. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.