Digi Power X Q2 Earnings Call Highlights

Digi Power X (NASDAQ:DGXX) reported second-quarter gross of $6.6 cardinal arsenic it continued shifting from bequest operations toward artificial quality computing, colocation and GPU rental services. The institution besides recorded its archetypal gross from GPU bare-metal rentals and reported affirmative adjusted EBITDA, portion posting a nett nonaccomplishment of $14.4 cardinal for the quarter.

Chief Executive Officer Michel Amar said the 4th marked a modulation constituent for the company, with $1.1 cardinal of GPU gross generated from an archetypal fleet of B200 and B300 GPUs deployed astatine its Columbiana, Alabama facility. The fleet began operating during the 3rd week of May, contributing astir 5 weeks of gross done the extremity of June, according to Amar.

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Adjusted EBITDA was $3.3 million, up $3.2 cardinal from the 2nd 4th of 2025. Amar attributed the company's nett nonaccomplishment chiefly to depreciation and different non-cash items.

Balance Sheet Expands Amid Alabama Build-Out

As of June 30, Digi Power X reported currency and currency equivalents of $142.4 million, compared with $1.7 cardinal a twelvemonth earlier. Working superior totaled $131 million, an summation of astir $130 cardinal twelvemonth implicit year.

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The institution reported $14.3 cardinal successful digital-asset holdings and $127.5 cardinal successful nett fixed assets and instrumentality deposits, reflecting concern successful the Columbiana information halfway project. Total assets reached $279 million, compared with $37 cardinal a twelvemonth earlier, and the institution reported nary semipermanent debt.

Amar said the institution had deployed astir $110 cardinal successful superior expenditures twelvemonth to day for GPU instrumentality and the Alabama data-center build-out connected with its declaration with Cerebras Systems. He said currency and currency equivalents stood astatine astir $115 cardinal "as of today," though helium aboriginal described the institution arsenic having astir $150 cardinal successful cash.

Alabama Phases Target December and March Completion

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Digi Power X continues to people December 2026 for the archetypal signifier of its Columbiana AI field and the extremity of the archetypal 4th of 2027 for the 2nd phase. Amar said the institution has completed purchases of long-lead instrumentality for the archetypal 50 megawatts and has started receiving instrumentality earlier than scheduled.

For the 2nd phase, which is expected to present an further 25 megawatts, Amar said the institution has secured long-lead instrumentality scheduled to get successful November and December. He said absorption believes it is positioned to implicit the signifier by March 2027.