Digi Power X Provides Operations Update; $155M Cash, Phase 1 On Track for Dec 2026

Digi Power X reported it has approximately $155 million in cash and Phase 1 of its AI data center remains on track for service in December 2026.

Key Highlights:

• Flagship buildout progressing to vertical construction; Phase 1 targeted ready-for-service Dec 2026, Phase 2 by Q1 2027.
• All long-lead equipment secured, including electrical and switchgear, reducing scheduling risk for Phase 1.
• NeoCloudz GPU-as-a-Service is live on NVIDIA B200/B300 GPUs and generated initial AI revenues in Q2 2026.
• Company had ~ $155 million cash as of July 3, 2026, with ~ $95 million deployed into Alabama year-to-date and no long-term debt.
• Targeting 2027 annualized run rate of ~$250–$300M across AI colocation, NeoCloudz growth, and energy sales, subject to execution and financing.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.