Digi Power X Announces Q1 2026 Financial Results and AI Transition Progress

Digi Power X Inc., an AI data center operator, announced financial results for Q1 2026, highlighting a net loss of $4.7 million, higher than Q1 2025's $1.6 million. This reflects investments in AI infrastructure and team growth. However, adjusted EBITDA improved year-over-year, reaching $1.1 million compared to a loss of $1.3 million last year. The company has $73 million in cash with no long-term debt.

Digi Power X's revenue stood at $6.8 million, down from $9.3 million in Q1 2025. This decrease is attributed to phasing out previous operations. The operational launch of NeoCloudz GPU cloud marked AI revenue's debut, alongside a $1.1 billion AI colocation agreement, ensuring future contracted revenue. Capital expenditure for 2026 has reached $45 million, mainly used in Columbiana, Alabama.

The company forecasts $250-$300 million in revenue for 2027, with significant contributions expected from AI colocation and NeoCloudz GPU services. Plans include expanding AI infrastructure and enhancing financial stability through strategic partnerships and expansions.