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Digi Power X says quarterly AI revenue rose more than 400%

Digi Power X reported $5.66 million in AI revenue for the third quarter of 2026, up more than 400% from the preceding quarter. The company expects billing at the first phase of its Columbiana data center to begin in January 2027.

AI.info Team · · fact-checked · against 1 source ↓ · Published 13 Nov 2026

Digi Power X says its AI revenue rose more than 400% from the preceding quarter to $5.66 million in the third quarter of 2026, accounting for 46% of its quarterly revenue. The data center operator reported total revenue of $12.25 million, up 85% from the second quarter and 50% from a year earlier, in results released on November 13.

The company had no AI revenue in the quarter ended September 30, 2025. Its latest results come ahead of the expected start of billing at the first phase of its Columbiana, Alabama, data center.

Revenue and earnings

GPU rentals contributed $2.46 million in the latest quarter, an increase of 127% from the preceding quarter, according to Digi Power X. AI revenue also included $3.20 million from Tier III colocation services.

The company reported net income of $1.0 million, or $0.01 per share, materially supported by gains in the valuation of digital currencies and warrants. That compared with net income of $0.1 million in the quarter ended September 30, 2025.

At the end of the quarter, the company reported $119.6 million in cash, cash equivalents and digital currencies, along with $103.0 million in working capital and no outstanding borrowings. Its adjusted EBITDA, a non-GAAP measure, was $0.6 million, compared with negative $1.0 million a year earlier.

Digi Power X also launched its NeoCloudz Token Factory during the quarter. The platform sells AI inference directly to customers using the company's power, data centers and GPUs.

Columbiana schedule

The company expects its tenant to gain access to the 15-megawatt first phase of the Columbiana campus on December 15, 2026, when commissioning of liquid-cooling and power systems is also expected to begin. Billing is expected to start in January 2027 after commissioning.

The tenant, Cerebras, has a ten-year take-or-pay colocation agreement for the site. Digi Power X expects phase one to provide average annual fees of approximately $40 million over that term, for an approximate total of $402 million.

Construction of the 25-megawatt second phase is underway. The company is targeting March 2027 for tenant access, subject to conditions, and says the phase would add approximately $58.5 million in annual fees if those conditions are satisfied.

Financing and outlook

Digi Power X expects to close a proposed $200 million credit facility syndicated by Goldman Sachs in the fourth quarter of 2026. The company has received a commitment letter, but closing remains subject to definitive documentation and conditions including the lender's completion of due diligence; the financing may not be completed on the anticipated terms or at all.

The company expects an annualized revenue run-rate of approximately $250 million to $300 million by the end of the third quarter of 2027, subject to adequate financing, market conditions and other conditions. Approximately $143 million of that run-rate is supported by current operations and the Columbiana tenant agreement, including the conditional second phase, according to the company.

It also plans approximately $350 million in capital spending in 2027, primarily for about 10 megawatts of AI inference capacity and completion of Columbiana's second phase. Digi Power X intends to fund the program principally through customer deposits and prepayments and debt financing, together with cash on hand.