Digi Power X Inc. Records Strong Q2 2026 Results with Positive Adjusted EBITDA and Significant Revenue Growth
The second quarter of 2026 has been a significant turning point for Digi Power X Inc., as evidenced by its latest financial results. The company's CEO, Michel Amar, highlighted the key achievements during the conference call on August 14, 2026.
Revenues for the three months ended June 30, 2026, totaled $6.6 million, with a notable milestone being the recognition of GPU revenue for $1.1 million. This represents the company's first GPU bare metal rental initial fleet of B200 and B300 GPUs deployed at its Columbiana, Alabama facility.
The deployment started in late May and continued through June, resulting in approximately five weeks of income. While the net loss for the quarter was $14.4 million, due to depreciation and non-cash related items, adjusted EBITDA came in positively at $3.3 million, a significant increase of $3.2 million compared to Q2 2025.
The company's balance sheet also showed impressive growth, with cash and cash equivalents increasing to $142.4 million as of June 30, 2026, from just $1.7 million in the previous year. Working capital stood at $131 million, a massive increase from last year. Net fixed assets and equipment deposits for the data center build-out in Columbiana, Alabama, totaled $127.5 million, up an impressive 447% year-over-year.
Michel Amar emphasized that the company's cash position is approximately $150 million today, with $110 million deployed towards GPU equipment and data center build-out this year alone. Digi Power X is targeting phase one of its Columbiana AI campus to be ready for service in December 2026 and phase two by the end of Q1 2027.
The company anticipates a significant increase in revenue during the third quarter, exceeding 100% compared to Q2. CEO Amar highlighted that this quarter marked a substantial turning point for Digi Power X as it recognized its first AI revenues ever, alongside positive adjusted EBITDA and substantial growth year-over-year.
Looking ahead, the company is engaged in advanced debt financing discussions to further advance its path to growth while mitigating dilution. With no long-term debt and a strong balance sheet, Digi Power X Inc. appears well-positioned for continued success.
