Earnings Releases·Nov 5, 2026, 9:42 PM ET

Big Digital Energy — Third Quarter 2026 Earnings Summary

Total revenue surged 41% QoQ to $8.7 million, driven by a 132% increase in energy management revenue to $6.1 million and a 374% rise in digital assets mining revenue to $0.2 million, offset by a 30% decline in digital colocation revenue; however, the company reported a net loss of $6.5 million and an adjusted EBITDA loss of $3.4 million.
Cash burn significantly improved to approximately $850,000 monthly in Q3 2026 from $3.4 million in the first half of 2026, while stockholders' equity turned positive to $8.5 million from a $3.1 million deficit, though cash reserves declined to $3.1 million from $13.3 million.
Management targets positive operating cash flow in Q1 2027 and is advancing the Hood County AI/HPC campus with a planned Tensor IQ deployment of 7,748 NVIDIA B300 GPUs, anticipating availability in Q2 2027.
Strategic progress includes the full repayment of a $4.9 million loan to 10NetZero in October 2026, the acquisition of 30 acres at Hood County for $10 million, and the monetization of 20 MW of capacity under the Six Thirty AI arrangement, while total energized capacity stands at approximately 169 MW.
The company faces material risks regarding its ability to continue as a going concern, maintain its Nasdaq listing, and secure additional financing, alongside the non-binding nature of the Tensor IQ LOI and potential regulatory or power availability challenges.