DGXX · Digi Power X Inc.

Digi Power X's first quarter 2026 results reflect a deliberate strategic pivot from legacy energy operations to AI infrastructure. Net loss widened to $4.7 million from $1.6 million in the prior year, driven by pre-revenue investment in AI capacity, Phase 1 commissioning at Columbiana, and increased corporate headcount. Revenue declined to $6.8 million from $9.3 million as the company wound down legacy operations. However, Adjusted EBITDA turned positive at $1.1 million, a $2.4 million improvement year-over-year, signaling improving operational efficiency. The balance sheet remains strong with $73 million in cash and zero long-term debt. Post-quarter, NeoCloudz GPU-as-a-Service went live in May 2026, generating first AI revenues from NVIDIA B200 and B300 GPUs. Management highlighted the inflection point, with CEO Michel Amar stating the company has 'successfully initiated our pivot to AI.' The company also provided fiscal 2027 revenue guidance of $250-$300 million, underpinned by a $1.1 billion, 10-year AI colocation agreement and scaling GPU cloud capacity. The grant of stock options and RSUs aligns management with long-term shareholder value.