Digi Power X Updates Operations and Financial Position
Digi Power X provided an update on operations and its financial position. Construction of the company's purpose-built AI data center campus is progressing on schedule. The first phase remains on track for a ready-for-service date of December 2026, with the second phase expected to come online by the end of 1Q27. Commitments are now in place for every major long-lead item needed to complete Phase 1. NeoCloudz, the company's GPU-as-a-Service platform, has run AI workloads without interruption on its live fleet of NVIDIA B200 and B300 GPUs since Q2. The platform contributed to the company's first AI-related revenues during the past quarter. To support the growth of the platform, the company expects to open a Silicon Valley office by August 2026 and is building out a dedicated engineering team for its GPU-as-a-Service business.The company is putting project-level financing in place to underwrite its data center buildout. The company is advancing its expansion using internal resources and striving to sustain a healthy cash balance while directing capital into the company's Alabama site. As of July 3, the company had approximately $155M in cash and cash equivalents, with roughly $95M of capital already deployed into its Alabama site year-to-date, entirely from own resources. For FY27, Digi Power X is targeting an annualized run rate of approximately $250M-$300M across its three operating segments.
