Digi Power X Inc (NASDAQ:DGXX, FRA:1NQ0, NEO:DGX) said its NeoCloudz GPU-as-a-Service platform is now live and generating first revenues, marking a milestone in the company’s expansion into AI infrastructure and colocation services.
The initial revenues, recognized in May, came from deployments of NVIDIA B200 and B300 GPUs at the company’s Columbiana, Alabama, facility
The company reported its first quarter 2026 financial results on Friday, highlighting continued investment in AI infrastructure and growth initiatives tied to its data center operations. During Q1, Digi Power X generated revenue of $6.8 million, compared with $9.3 million in the prior-year period, reflecting the planned wind-down of legacy operations as the company shifts toward AI compute and colocation revenue streams. Adjusted EBITDA improved to $1.1 million from a loss of $1.3 million a year earlier.
The company reported a net loss of $4.7 million, compared with a loss of $1.6 million in the same quarter last year, primarily due to pre-revenue investment in AI infrastructure, commissioning activities at the Columbiana facility, and higher staffing costs tied to its AI expansion program. Cash and cash equivalents totaled $73 million at quarter-end, while working capital increased to $67.2 million from negative $0.8 million a year earlier. Net fixed assets rose 29% year-over-year to $26.4 million, reflecting continued investment in the Alabama site.