Digi Power X (NASDAQ: DGXX; Cboe Canada: DGX) reported approximately $6.6 million in second-quarter revenue on Friday, including its first $1.1 million from AI compute. The infrastructure operator recorded a $14.4 million GAAP net loss for the quarter ended June 30.
Colocation services and legacy mining supplied approximately $3.6 million of revenue, while energy sales contributed $1.9 million. GPU bare-metal rentals generated $1.1 million during roughly five weeks of operations.
Digi Power X reported adjusted EBITDA of $3.3 million, up from $100,000 in the prior-year period. The non-GAAP calculation excluded $5.8 million of share-based compensation, $2.8 million of cryptocurrency revaluation losses and $5 million of warrant fair-value losses, among other adjustments.
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Cash and cash equivalents totaled $142.4 million at June 30 and increased to approximately $150 million by Friday, according to Digi Power X. The operator reported no debt and approximately $110 million in capital investment and equipment deposits since the start of the year.
Approximately $30 million has gone into Digi Power X's GPU infrastructure, which represents 0.6 MW of deployed compute capacity. Its B300 bare-metal systems have maintained 100% uptime since May, the company said. Digi Power X plans to add approximately 10 MW of GPU capacity during 2027 and has also committed $35 million to NVIDIA Vera Rubin systems .
The company is developing a Tier III AI data center in Columbiana, Alabama. Phase 1 is scheduled to deliver 15 MW of critical IT load in December, followed by another 25 MW in March 2027. The 40 MW campus supports a 10-year contract representing approximately $1.1 billion of future revenue, with an expansion option that could increase potential contract value to $2.5 billion.
Construction remains on schedule , Digi Power X said. The operator is in advanced discussions with lenders for Alabama project financing and has hired Goldman Sachs to assist with syndication.
"In this business, you are underwritten on what you have delivered, not what you have announced," President Alec Amar said . "Columbiana is our flagship and delivering it on schedule establishes the operating track record that hyperscale customers and project lenders require."
By the third quarter of 2027, Digi Power X is targeting an annualized run-rate of $250 million to $300 million. Of that amount, approximately $140 million would come from existing contracts and scheduled deployments, while the balance depends on additional colocation and GPU capacity securing customers and reaching expected utilization.
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