Digi Power X Inc. Reports Revenue Decline and Increased Net Loss for Six Months Ended June 30, 2026

Digi Power X Inc. reported a significant decline in financial performance for the six months ended June 30, 2026, with total revenue of $14.6 million, down from $17.4 million in the same period of 2025. The company experienced a net loss of $19 million, compared to a loss of $11.3 million in the prior year. The decrease in revenue was primarily attributed to a substantial drop in digital currency mining income, which fell to $209,149 from $2.16 million, as the company shifted focus towards artificial intelligence (AI) infrastructure and colocation services.

The company’s colocation services generated $6.45 million in revenue, down from $9.57 million, reflecting the transition to AI-driven operations. Notably, Digi Power X recognized its first revenue from a GPU rental agreement with SubQAI, amounting to $1.08 million. The cost of revenue, including depreciation and amortization, increased to $20.9 million, up from $19 million, largely due to the deployment of approximately $50 million in assets related to the Tier III AI Data Center.

In terms of strategic developments, Digi Power X has made significant investments in its AI infrastructure, including the deployment of its first ARMS 200 Tier III AI data center pod and a partnership with Super Micro Computers to launch a fully operational NVIDIA GPU cluster. The company also entered into a ten-year colocation agreement with Cerebras Systems, which could yield up to $2.5 billion in total contract value, contingent on meeting specific obligations. Additionally, Digi Power X has deconsolidated its investment in US Data Centers Inc. (USDC) due to a reduction in ownership to approximately 48%.

Operationally, Digi Power X's total assets increased to $279.6 million as of June 30, 2026, compared to $134.1 million at the end of 2025. The company’s cash and cash equivalents rose to $128.1 million, reflecting successful capital raises through its at-the-market equity program, which generated $159.5 million in proceeds during the first half of 2026. The company’s employee headcount has also expanded as it builds out its AI capabilities, although specific figures were not disclosed.

Looking ahead, Digi Power X aims to continue its transition from cryptocurrency mining to AI-driven infrastructure, with plans to scale its Tier III AI data center capacity significantly. The company is actively seeking project-level financing to support its ongoing developments and anticipates further revenue growth from its AI initiatives. However, the management cautioned that the ability to execute its plans effectively will be crucial for future performance, given the inherent risks associated with the rapidly evolving technology landscape and market conditions.