AI Powers Digi Power X
Digi Power X Reports Strong Q2 Revenue Growth, Driven by Expanding AI GPU Rentals
Key Points
Q2 2026 revenue composition included about $3.6 million from colocation and legacy mining, about $1.9 million from energy sales, in addition to about $1.1 million from GPU bare-metal rentals.
As of June 30, 2026, Digi Power X reported total assets of about $279.6 million and shareholders’ equity of about $265.0 million.
Digi Power X has invested roughly $30 million in GPU infrastructure, representing about 0.6 MW of deployed AI compute capacity, with the B300 platform operating at 100% uptime since May 2026.
Insider activity and institutional interest show notable movements: insiders sold shares (e.g., President Alec Amar sold 80,700 shares in the past six months with no purchases), while 57 institutions added shares and 27 reduced positions, with large moves such as VIDENT ADVISORY adding about 1.83 million shares and Davidson Kempner removing about 1.22 million.
Digi Power X (NASDAQ: DGXX) posted Q2 2026 revenue of $6.6 million, including its first-ever $1.1 million from AI GPU bare-metal rentals, according to Blockspace Media. The company also reported an adjusted EBITDA of $3.3 million, though its GAAP net loss came in at $14.4 million for the quarter.
The British Columbia-based infrastructure operator ended June with $142.4 million in cash, rising to roughly $150 million by mid-August 2026, Kalkine Media reported. Management reiterated its target to hit an annualized revenue run-rate of $250 million to $300 million by Q3 2027.
First AI Compute Revenue Breaks Down the Numbers
Q2 revenue came from three streams. Colocation and legacy mining brought in $3.6 million. Energy sales added $1.9 million. The newest line — AI GPU bare-metal rentals — contributed $1.1 million, according to Blockspace Media. That AI slice was the company's first ever from that business.
Digi Power X has put roughly $30 million into GPU infrastructure so far. That spending supports about 0.6 MW of deployed AI compute capacity. The company's B300 platform has run at 100% uptime since May 2026, Yahoo Finance reported. Total assets stood at $279.6 million as of June 30, with shareholders' equity of $265.0 million.
Alabama Data Center Build Moves Toward December Launch
The company's big growth bet sits in Alabama. Phase 1 of its data center project — covering 15 MW of capacity — is expected to go live in December 2026. Phase 2 adds another 25 MW and is targeted for March 2027, bringing total capacity to 40 MW, according to Blockspace Media.
Seeking Alpha noted that management expects Q3 revenue to more than double compared to Q2 — a jump of over 100%. The company holds a contracted AI data center backlog of roughly $1.1 billion, with an option to expand that to about $2.5 billion. That backlog gives the 2027 revenue target some grounding.
Insiders Sell While Institutions Pile In
Insider activity tells a mixed story. President Alec Amar sold 80,700 shares over the past six months and made no purchases, according to Yahoo Finance. No other insider buying was reported during that stretch. That kind of one-way selling from top executives often draws attention from retail investors.
Institutional interest, though, ran the other way. Fifty-seven institutions added shares while 27 cut positions. VIDENT ADVISORY bought roughly 1.83 million new shares. Davidson Kempner went the other direction, removing about 1.22 million shares, Blockspace Media reported. The net picture shows growing — but uneven — confidence from big money.
$250M Revenue Target Hinges on Alabama Going Live
The path to $250 million to $300 million in annualized revenue runs directly through the Alabama build. Right now, $6.6 million per quarter puts the company far from that mark. The company needs Phase 1 and Phase 2 to come online on schedule and at full capacity to close that gap by Q3 2027.
The $1.1 billion contracted backlog gives some confidence the demand is there, Kalkine Media reported. But execution risk is real. Construction timelines, financing, and power delivery all have to line up. Investors watching DGXX will treat the December 2026 Phase 1 launch as the first major test of whether the target is real.
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