Digi Power X Inc. reported first-quarter 2026 revenue of $6.8 million. The company posted a net loss of $4.7 million, missing analyst expectations. Adjusted EBITDA reached $1.1 million, up from a $1.3 million loss in the same period last year. Management attributed the revenue decline to the intentional winding down of legacy operations.
The company is currently transitioning into an AI data center infrastructure operator. Its NeoCloudz GPU-as-a-Service platform recognized its first revenues in May 2026.
Digi Power X held $125 million in cash and $15 million in digital assets as of May 15, 2026. The company reported having no long-term debt. For fiscal 2027, the company projects revenue between $250 million and $300 million. This target is based on newly secured AI-focused contracts.
The stock recovered from earlier losses to finish the trading session mixed.