Digi Power X generated $6.6 million in Q2 revenue as it shifted toward AI computing, colocation and GPU rentals, including $1.1 million from its first GPU bare-metal rentals. Adjusted EBITDA was positive at $3.3 million, though the company recorded a $14.4 million net loss largely due to depreciation and other non-cash items. The company significantly strengthened its balance sheet, reporting $142.4 million in cash, $279 million in total assets and no long-term debt as of June 30.
It has invested approximately $110 million year to date in GPU equipment and the Alabama data-center build-out. Digi Power X expects Q3 revenue to rise more than 100% sequentially and remains on track to complete the first two Alabama campus phases by December 2026 and March 2027. Management is pursuing debt financing to fund expansion while limiting shareholder dilution, alongside longer-term projects in New York, North Carolina and West Virginia.
Digi Power X (NASDAQ:DGXX) reported second-quarter revenue of $6.6 million as it continued shifting from legacy operations toward artificial intelligence computing, colocation and GPU rental services. The company also recorded its first revenue from GPU bare-metal rentals and reported positive adjusted EBITDA, while posting a net loss of $14.4 million for the quarter. Chief Executive Officer Michel Amar said the quarter marked a transition point for the company, with $1.1 million of GPU revenue generated from an initial fleet of B200 and B300 GPUs deployed at its Columbiana, Alabama facility.
The fleet began operating during the third week of May, contributing roughly five weeks of revenue through the end of June, according to Amar. → Lumentum Just Delivered the AI Growth Investors Wanted Adjusted EBITDA was $3.3 million, up $3.2 million from the second quarter of 2025. Amar attributed the company's net loss primarily to depreciation and other non-cash items. As of June 30, Digi Power X reported cash and cash equivalents of $142.4 million, compared with $1.7 million a year earlier.
Working capital totaled $131 million, an increase of approximately $130 million year over year. → AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be The company reported $14.3 million in digital-asset holdings and $127.5 million in net fixed assets and equipment deposits, reflecting investment in the Columbiana data center project. Total assets reached $279 million, compared with $37 million a year earlier, and the company reported no long-term debt. Amar said the company had deployed about $110 million in capital expenditures year to date for GPU equipment and the Alabama data-center build-out connected with its contract with Cerebras Systems.
He said cash and cash equivalents stood at approximately $115 million "as of today," though he later described the company as having approximately $150 million in cash. → Joby's Defense Pivot Accelerates With $500M Resonant Sciences Deal Digi Power X continues to target December 2026 for the first phase of its Columbiana AI campus and the end of the first quarter of 2027 for the second phase. Amar said the company has completed purchases of long-lead equipment for the initial 50 megawatts and has started receiving equipment earlier than scheduled. For the second phase, which is expected to deliver an additional 25 megawatts, Amar said the company has secured long-lead equipment scheduled to arrive in November and December.
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