Digi Power X (DGXX) details cash, Alabama capex and 2027 $250–$300M goal
Rhea-AI Filing Summary
Digi Power X Inc. provided an operations and financial update focused on funding its AI data center expansion and setting 2027 goals. As of July 3, 2026, the Company held about $155 million in cash and cash equivalents and had deployed roughly $95 million of capital into its Alabama site year-to-date from internal resources.
Management highlighted continued execution on Tier 3 AI data center development, the NeoCloudz GPU-as-a-Service platform, and project-level financing for the next phase. Digi Power X also noted that the ARMS 200 modular unit at its Alabama facility has been operating at Tier 3 standards and generating AI-related revenue since May 15, 2026.
For fiscal 2027, the Company is targeting an annualized revenue run rate of approximately $250–$300 million across its three operating segments, while emphasizing that these targets depend on execution, customer ramp, financing availability and various outlined risks.
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Insights
Digi Power X outlines strong cash position, capex progress and ambitious 2027 revenue targets.
Digi Power X reports about $155 million in cash and cash equivalents as of July 3, 2026, after deploying roughly $95 million into its Alabama AI data center this year from internal resources. This suggests meaningful balance sheet flexibility to support current buildout plans.
The Company confirms its ARMS 200 modular unit has operated at Tier 3 standards and generated AI-related revenue since May 15, 2026, providing early proof of concept for its infrastructure. Management is targeting a $250–$300 million annualized run rate in fiscal 2027 across three segments, but explicitly ties this to execution, customer ramp and financing conditions.
The outlook language and detailed risk factors underscore considerable dependency on securing project-level financing and meeting construction and customer milestones. Subsequent filings may provide clearer visibility on whether Alabama campus expansion, NeoCloudz scaling and additional commercial agreements progress in line with these targets.
8-K Event Classification
Key Figures
Key Terms
Tier 3 data center technical
annualized run rate financial
GPU-as-a-Service technical
modular data center technical
forward-looking information regulatory
FAQ
What cash position did Digi Power X (DGXX) report in its latest update?
How much capital has Digi Power X (DGXX) invested in its Alabama AI data center?
What 2027 revenue run-rate target did Digi Power X (DGXX) provide?
What operational milestone did Digi Power X (DGXX) report for the ARMS 200 unit?
What is Digi Power X’s (DGXX) core business focus according to the update?
What key risks did Digi Power X (DGXX) highlight around its 2027 outlook?
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SECURITIES AND EXCHANGE COMMISSION
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Item 7.01. Regulation FD Disclosure.
On July 7, 2026, Digi Power X Inc. (the “Company”) filed with the Canadian Securities Regulatory Authorities on the System for Electronic Data Analysis and Retrieval + a press release (the “Press Release”) providing, among other announcements, an operations and financial update. A copy of the Press Release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information contained in this Item 7.01 and Exhibit 99.1 attached hereto is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit Number |
Description | |
| 99.1 | Press Release dated July 7, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DIGI POWER X INC. | |||
| By: | /s/ Michel Amar | ||
| Name: | Michel Amar | ||
| Title: | Chief Executive Officer | ||
| Date: July 7, 2026 | |||
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Exhibit 99.1
DIGI POWER X INC.
Nasdaq: DGXX | Cboe Canada: DGX
A Vertically Integrated AI Infrastructure Company
Digi Power X Provides Operations and Financial Update
MIAMI, FL – July 7, 2026 – Digi Power X Inc. (Nasdaq: DGXX / Cboe Canada: DGX) (the “Company” and “Digi Power X”), an AI data center infrastructure operator, today provided an update on operations and its financial position.
Operations Update
| ● | Flagship buildout on track. 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 the first fiscal quarter of 2027. Crews are currently erecting the building shell, marking a significant construction milestone as the project transitions from site and civil work to vertical construction. |
| ● | All long-lead equipment secured. Commitments are now in place for every major long-lead item needed to complete Phase 1, including the critical electrical and switchgear infrastructure. Locking in this equipment mitigates a significant scheduling risk and keeps the buildout aligned with the Company’s targeted in-service date. |
| ● | NeoCloudz live and generating AI revenues. 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 the second quarter of 2026. 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. |
| ● | Project financing moving forward. In keeping with its stated preference for non-dilutive debt to fund growth, the Company is putting project-level financing in place to underwrite its data center buildout. Further details are expected once definitive documentation is finalized. |
| ● | Strong, self-funded financial position. Beyond the anticipated project financing, 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. Additional details appear in the remarks from the Company’s Chief Financial Officer below. |
“We continue to be in a position to fund our rapid expansion internally,” said Paul Ciullo, Chief Financial Officer of Digi Power X. “As of July 3, 2026, the Company had approximately $155 million in cash and cash equivalents, with roughly $95 million of capital already deployed into our Alabama site year-to-date, entirely from our own resources. We remain focused on advancing our growth plan without compromising our balance sheet as we finalize project-level financing for the next phase.”
Current Financial Position (as of July 3, 2026)
| ● | Cash and cash equivalents: approximately $155 million |
| ● | Year-to-date capital expenditures (Columbiana): approximately $95 million |
| ● | Long-term debt: none |
“We continue to execute on our growth strategy and Tier 3 data center development plans,” said Michel Amar, Chief Executive Officer of Digi Power X. “Our team remains focused on delivering the milestones ahead of us – advancing our purpose-built AI data center campus toward its ready-for-service targets, scaling the NeoCloudz platform, and building the Tier 3 infrastructure needed to meet accelerating demand for AI compute. We remain confident in our strategy and are executing on our plans with discipline.”
US Data Centers Inc. Update
Digi Power X is a major shareholder of US Data Centers Inc. (“US Data Centers”), which develops and commercializes the ARMS modular data center platform. The Company confirms that the ARMS 200 modular unit has been live and operating successfully at Tier 3 standards at the Company’s Alabama facility since May 15, 2026, and has been generating AI-related revenues for Digi Power X since that date.
US Data Centers’ ARMS 200 AI-ready modular solution at the Company’s Columbiana, Alabama campus.
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2027 Outlook
For fiscal 2027, Digi Power X is targeting an annualized run rate of approximately $250–$300 million across its three operating segments:
| ● | AI colocation. Revenue from the Colocation Agreement is expected to contribute approximately $80–$100 million, reflecting a full year of Phase 1 operations and a partial year of Phase 2 following its targeted commissioning (40 MW). The Company is targeting an aggregate of 90 MW of AI colocation for fiscal 2027 (50 MW in addition to the Colocation Agreement), for aggregate colocation revenues of up to approximately $200 million. |
| ● | GPU-as-a-Service (NeoCloudz). Revenue is expected to scale over the course of the year toward approximately 10 MW of deployed capacity, targeting a year-end annualized run rate of up to approximately $100 million as additional GPU capacity is brought online. |
| ● | Energy sales. Expected to contribute approximately $12 million. |
These targets are subject to execution, customer ramp, financing availability and the other factors described under “Forward-Looking Statements” below.
About Digi Power X
Digi Power X is an AI infrastructure company, operating a vertically integrated portfolio of power assets and data center capacity across Alabama, New York, and North Carolina. The Company's NeoCloudz platform delivers GPU-as-a-Service on dedicated, bare metal NVIDIA infrastructure. For more information, visit www.digipowerx.com.
Investor Relations
For further information, please contact:
Michel Amar, Chief Executive Officer
Digi Power X Inc.
www.digipowerx.com
Investor Relations: T: 888-474-9222 | Email: IR@digihostpower.com
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Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Except for the statements of historical fact, this news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes the statements under the heading “2027 Outlook,” statements regarding the construction, buildout and expected timing and capacity of the Company’s AI data center campus, project-level financing, and goals, expectations and targets for the business of Digi Power X. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “goals,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking information is subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: risks relating to construction and equipment delivery; delivery of deployment of equipment may not occur on the timelines anticipated by the Company, or at all; financing availability and terms; counterparty performance; permitting and interconnection, regulatory matters, and general economic and market conditions; Phase 2 deployment of the Company’s purpose-built AI data center campus is conditioned on the Company securing adequate financing, and there can be no assurance that financing will be completed on the terms contemplated or at all; that any additional commercial agreements under discussion will be entered into, or that the Silicon Valley, West Virginia or upstate New York opportunities will be realized; global demand for AI computing infrastructure; further improvements to profitability and efficiency may not be realized; and other related risks, some of which are more fully set out in the Company’s annual report on Form 10-K for the year ended December 31, 2025 and other documents disclosed in the Company’s filings at www.sedarplus.ca and in the Company’s annual, quarterly and current reports filed with the SEC on its website, www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.
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