Digi Power X reported second quarter 2026 revenue of $6.6 million, missing analyst expectations of $8.48 million. The company incurred a wider-than-expected net loss of $14.4 million as it pivots toward AI infrastructure, though it secured a significant $1.1 billion contracted revenue backlog and generated its first revenue from GPU bare-metal operations.
Key Highlights
- Recorded first AI compute revenue of $1.1 million from approximately five weeks of GPU bare-metal operations.
- Secured $1.1 billion in contracted AI data center future revenue, with expansion options potentially increasing value to $2.5 billion.
- Achieved positive Adjusted EBITDA of $3.3 million for the quarter, compared to $0.1 million in the prior-year period.