Digi Power X Inc.

Digi Power X Announces $200 Million Debt Financing Commitment to Support Completion of Alabama AI Data Center and Provides Expansion Update

Digi Power X received a commitment letter for US$200 million in project-level debt financing, syndicated by Goldman Sachs, to complete its 40 MW AI data center in Columbiana, Alabama. The financing is expected to close within 90 days, subject to definitive documentation and lender diligence, and proceeds preserve corporate liquidity and avoid further shareholder dilution; no shares were issued under the ATM program in Q3 2026. Construction remains on schedule with Phase 1 due in December 2026 and Phase 2 in March 2027, while the first ARMS 200 modular unit has operated since May 2026 supporting GPU bare-metal services with Supermicro. The company also plans to repurpose New York sites into AI token factories and expand via its NeoCloudz platform ahead of an NVIDIA GTC Berlin unveiling.

•26d ago

Digi Power X Reports Second Quarter 2026 Financial Results and Provides Operational Update and 2027 Outlook

Digi Power X reported Q2 revenue of $6.6 million, including its first $1.1 million from AI compute rentals, while achieving positive Adjusted EBITDA of $3.3 million. The company announced a $1.1 billion contracted backlog with potential expansion to $2.5 billion and provided 2027 guidance targeting an annualized revenue run-rate of $250 million to $300 million. Balance sheet strength remains robust with $150 million in cash and no debt, supporting the continued development of the Alabama data center and GPU platform expansion.

•2mo ago

Digi Power X Provides Operations and Financial Update

Digi Power X confirmed its flagship AI data center buildout in Alabama is on schedule, with Phase 1 ready for service in December 2026 and Phase 2 by Q1 2027. The company has secured all long-lead equipment, mitigating key construction risks. The company reported a strong financial position with $155 million in cash and no long-term debt, having funded $95 million in year-to-date capital expenditures internally. Its NeoCloudz GPU-as-a-Service platform is live and generating AI revenues using NVIDIA B200 and B300 hardware. For fiscal 2027, Digi Power X targets an annualized revenue run rate of $250-$300 million, driven by $200 million in AI colocation and $100 million from its NeoCloudz platform. The company is currently finalizing project-level financing to support the next phase of expansion.

•4mo ago

Digi Power X Secures NVIDIA Vera Rubin Systems, Advancing its AI Infrastructure and Strengthening the NeoCloudz Platform

Digi Power X announced a $35 million commitment to purchase NVIDIA's next-generation Vera Rubin systems, with initial deployment targeted for Q1 2027. The company confirmed its NeoCloudz GPU-as-a-Service platform is live, having processed AI workloads on NVIDIA B200 and B300 GPUs since May 15, 2026, and recognized its first AI-related revenues in May. Digi Power X reported holding approximately $150 million in cash and equivalents, having self-funded $65 million of capital deployment into its Alabama data center site year-to-date without dilutive equity issuance.

•5mo ago

Digi Power X Reports First Quarter 2026 Financial Results

Digi Power X signed a $1.1 billion, 10-year AI colocation agreement with a leading AI infrastructure company, securing long-term contracted revenue for its Columbiana facility. The company reported Q1 2026 revenue of $6.8 million, down from $9.3 million in Q1 2025, as it deliberately winds down legacy operations to transition to AI compute and colocation. GAAP net loss widened to $4.7 million, but Adjusted EBITDA turned positive at $1.1 million. Digi Power X holds approximately $125 million in cash and $15 million in digital assets with zero long-term debt. It is actively seeking debt financing to fund future data center development and avoid shareholder dilution. Management guided FY27 total revenue to $250-$300 million, driven by the new colocation deal and scaling of its NeoCloudz GPU-as-a-Service platform, which recognized its first revenues in May 2026.

•5mo ago