Earnings Releases·Nov 13, 2026, 7:45 AM ET

Digi Power X — Q3 2026 Earnings Summary

Total revenue surged 85% quarter-over-quarter to $12.25 million and 50% year-over-year, driven by AI revenue reaching $5.66 million (46.2% of total) and GPU rental revenue jumping 127% to $2.46 million, while legacy Bitcoin colocation revenue declined to 25.4% of the mix.
Net income improved to $1.0 million ($0.01/share) and adjusted EBITDA turned positive at $0.6 million, supported by digital currency and warrant valuation gains, with the company maintaining a strong balance sheet of $119.6 million in cash and no outstanding borrowings.
Management targets an annualized revenue run-rate of $250–300 million by Q3 2027, anchored by a 10-year, $1.07 billion take-or-pay agreement with Cerebras at the Columbiana campus, with Phase 1 commissioning expected in December 2026.
Planned 2027 capital expenditures of approximately $350 million will be funded primarily through customer deposits, prepayments, and contract-backed debt to minimize dilution, alongside a proposed $200 million credit facility expected to close in Q4 2026.
The company is transitioning to a vertically integrated AI infrastructure model via the new NeoCloudz Token Factory and is assessing a 1.3 GW power generation asset in West Virginia, though execution remains subject to financing conditions and regulatory approvals.