GlobeNewswire·Nov 5, 2026, 4:15 PM ET

Big Digital Energy Announces Third Quarter 2026 Results

Big Digital Energy reported Q3 2026 revenue of $8.7 million, representing a 41% increase quarter-over-quarter.
The company acquired 30 acres at its Hood County, Texas site through a 50/50 joint venture with 10NetZero for approximately $10 million.
An LOI was signed with Tensor IQ to develop an AI/HPC campus at Hood County with up to 17 MW of gross capacity, targeting deployment in Q2 2027.
The $4.9 million loan provided by Big Digital to 10NetZero for the Hood County acquisition was fully repaid in October 2026.
Net loss for the quarter was $6.5 million, with an adjusted EBITDA loss of $3.4 million.
Energy management revenue rose 132% QoQ to $6.1 million, while digital colocation revenue fell 30% QoQ to $2.4 million.
The company's energized capacity stands at approximately 169 MW, including 17 MW at Hood County & 20 MW deployed under the Six Thirty AI agreement.
Average monthly operating cash burn decreased to $850 thousand in Q3 2026 from $3.4 million in the first half of the year.
The Six Thirty AI arrangement is monetizing underutilized infrastructure at the Midland, Pennsylvania facility with approximately 75 MW of computing capacity.
Stockholders' equity increased to $8.5 million, driven by $14 million in proceeds from Series D convertible stock issuance & $7.2 million from common share issuances.

Company: Big Digital Energy, Inc.
Keywords: Nasdaq:BGDE, Big Digital Energy, Inc., AI Infrastructure, Compute, Data Center, digital infrastructure, artificial intelligence, AI workloads, hyperscaler, HPC/AI