{"success":true,"data":{"pressRelease":{"id":"81913","rtpr_id":"nACSsNN0ca","ticker":"DGXX","exchange":"NASDAQ","all_tickers":["DGXX","DGX"],"title":"Digi Power X Provides Operations and Financial Update","author":"ACCESSWIRE","published_at":"2026-07-07T11:30:00.485Z","article_body":"MIAMI, FL / ACCESS Newswire (https://www.accessnewswire.com/) / July 7, 2026 /\nDigi Power X Inc. (NASDAQ:DGXX)(Cboe Canada:DGX) (the \"Company\" and \"Digi\nPower X\"), an AI data center infrastructure operator, today provided an update\non operations and its financial position.\n\nOperations Update\n*\nFlagship buildout on track. Construction of the Company's purpose-built AI\ndata center campus is progressing on schedule. The first phase remains on\ntrack for a ready-for-service date of December 2026, with the second phase\nexpected to come online by the end of the first fiscal quarter of 2027. Crews\nare currently erecting the building shell, marking a significant construction\nmilestone as the project transitions from site and civil work to vertical\nconstruction.\n*\nAll long-lead equipment secured. Commitments are now in place for every major\nlong-lead item needed to complete Phase 1, including the critical electrical\nand switchgear infrastructure. Locking in this equipment mitigates a\nsignificant scheduling risk and keeps the buildout aligned with the Company's\ntargeted in-service date.\n*\nNeoCloudz live and generating AI revenues. NeoCloudz, the Company's\nGPU-as-a-Service platform, has run AI workloads without interruption on its\nlive fleet of NVIDIA B200 and B300 GPUs since the second quarter of 2026. The\nplatform contributed to the Company's first AI-related revenues during the\npast quarter. To support the growth of the platform, the Company expects to\nopen a Silicon Valley office by August 2026 and is building out a dedicated\nengineering team for its GPU-as-a-Service business.\n*\nProject financing moving forward. In keeping with its stated preference for\nnon-dilutive debt to fund growth, the Company is putting project-level\nfinancing in place to underwrite its data center buildout. Further details are\nexpected once definitive documentation is finalized.\n*\nStrong, self-funded financial position. Beyond the anticipated project\nfinancing, the Company is advancing its expansion using internal resources and\nstriving to sustain a healthy cash balance while directing capital into the\nCompany's Alabama site. Additional details appear in the remarks from the\nCompany's Chief Financial Officer below.\n\n\"We continue to be in a position to fund our rapid expansion internally,\" said\nPaul Ciullo, Chief Financial Officer of Digi Power X. \"As of July 3, 2026, the\nCompany had approximately $155 million in cash and cash equivalents, with\nroughly $95 million of capital already deployed into our Alabama site\nyear-to-date, entirely from our own resources. We remain focused on advancing\nour growth plan without compromising our balance sheet as we finalize\nproject-level financing for the next phase.\"\n\nCurrent Financial Position (as of July 3, 2026)\n*\nCash and cash equivalents: approximately $155 million\n*\nYear-to-date capital expenditures (Columbiana): approximately $95 million\n*\nLong-term debt: none\n\n\"We continue to execute on our growth strategy and Tier 3 data center\ndevelopment plans,\" said Michel Amar, Chief Executive Officer of Digi Power X.\n\"Our team remains focused on delivering the milestones ahead of us - advancing\nour purpose-built AI data center campus toward its ready-for-service targets,\nscaling the NeoCloudz platform, and building the Tier 3 infrastructure needed\nto meet accelerating demand for AI compute. We remain confident in our\nstrategy and are executing on our plans with discipline.\"\n\nUS Data Centers Inc. Update\n\nDigi Power X is a major shareholder of US Data Centers Inc. (\"US Data\nCenters\"), which develops and commercializes the ARMS modular data center\nplatform. The Company confirms that the ARMS 200 modular unit has been live\nand operating successfully at Tier 3 standards at the Company's Alabama\nfacility since May 15, 2026, and has been generating AI-related revenues for\nDigi Power X since that date.\n(https://app.accessnewswire.com/imagelibrary/c627a541-f155-4fe0-9173-32eafcc0beee/1187303/picture6.png)\nUS Data Centers' ARMS 200 AI-ready modular solution at the Company's\nColumbiana, Alabama campus.\n\n2027 Outlook\n\nFor fiscal 2027, Digi Power X is targeting an annualized run rate of\napproximately $250-$300 million across its three operating segments:\n*\nAI colocation. Revenue from the Colocation Agreement is expected to contribute\napproximately $80-$100 million, reflecting a full year of Phase 1 operations\nand a partial year of Phase 2 following its targeted commissioning (40 MW).\nThe Company is targeting an aggregate of 90 MW of AI colocation for fiscal\n2027 (50 MW in addition to the Colocation Agreement), for aggregate colocation\nrevenues of up to approximately $200 million.\n*\nGPU-as-a-Service (NeoCloudz). Revenue is expected to scale over the course of\nthe year toward approximately 10 MW of deployed capacity, targeting a year-end\nannualized run rate of up to approximately $100 million as additional GPU\ncapacity is brought online.\n*\nEnergy sales. Expected to contribute approximately $12 million.\n\nThese targets are subject to execution, customer ramp, financing availability\nand the other factors described under \"Forward-Looking Statements\" below.\n\nAbout Digi Power X\n\nDigi Power X is an AI infrastructure company, operating a vertically\nintegrated portfolio of power assets and data center capacity across Alabama,\nNew York, and North Carolina. The Company's NeoCloudz platform delivers\nGPU-as-a-Service on dedicated, bare metal NVIDIA infrastructure. For more\ninformation, visit www.digipowerx.com.\n\nInvestor Relations\n\nFor further information, please contact:\nMichel Amar, Chief Executive Officer\nDigi Power X Inc.\nwww.digipowerx.com\n\nInvestor Relations: T: 888-474-9222 | Email: IR@digihostpower.com\n\nCautionary Statement\n\nTrading in the securities of the Company should be considered highly\nspeculative. No stock exchange, securities commission or other regulatory\nauthority has approved or disapproved the information contained herein. Cboe\nCanada does not accept responsibility for the adequacy or accuracy of this\nrelease.\n\nForward-Looking Statements\n\nExcept for the statements of historical fact, this news release contains\n\"forward-looking information\" and \"forward-looking statements\" (collectively,\n\"forward-looking information\") that are based on expectations, estimates and\nprojections as at the date of this news release and are covered by safe\nharbors under Canadian and United States securities laws. Forward-looking\ninformation in this news release includes the statements under the heading\n\"2027 Outlook,\" statements regarding the construction, buildout and expected\ntiming and capacity of the Company's AI data center campus, project-level\nfinancing, and goals, expectations and targets for the business of Digi Power\nX. In some cases, you can identify forward-looking statements by terms such as\n\"may,\" \"will,\" \"should,\" \"expects,\" \"plans,\" \"anticipates,\" \"could,\"\n\"intends,\" \"targets,\" \"goals,\" \"projects,\" \"contemplates,\" \"believes,\"\n\"estimates,\" \"forecasts,\" \"predicts,\" \"potential\" or \"continue\" or the\nnegative of these terms or other similar expressions. The forward-looking\ninformation is subject to a variety of known and unknown risks, uncertainties\nand other important factors that may cause our actual results, performance or\nachievements to be materially different from any future results, performance\nor achievements expressed or implied by the forward-looking statements,\nincluding, but not limited to: risks relating to construction and equipment\ndelivery; delivery of deployment of equipment may not occur on the timelines\nanticipated by the Company, or at all; financing availability and terms;\ncounterparty performance; permitting and interconnection, regulatory matters,\nand general economic and market conditions; Phase 2 deployment of the\nCompany's purpose-built AI data center campus is conditioned on the Company\nsecuring adequate financing, and there can be no assurance that financing will\nbe completed on the terms contemplated or at all; that any additional\ncommercial agreements under discussion will be entered into, or that the\nSilicon Valley, West Virginia or upstate New York opportunities will be\nrealized; global demand for AI computing infrastructure; further improvements\nto profitability and efficiency may not be realized; and other related risks,\nsome of which are more fully set out in the Company's annual report on Form\n10-K for the year ended December 31, 2025 and other documents disclosed in the\nCompany's filings at www.sedarplus.ca and in the Company's annual, quarterly\nand current reports filed with the SEC on its website, www.SEC.gov/EDGAR. The\nforward-looking information in this news release reflects the current\nexpectations, assumptions and/or beliefs of the Company based on information\ncurrently available to the Company. Although the Company believes that the\nassumptions inherent in the forward-looking information are reasonable,\nforward-looking information is not a guarantee of future performance and\naccordingly undue reliance should not be put on such information due to the\ninherent uncertainties therein. The Company undertakes no obligation to revise\nor update any forward-looking information other than as required by applicable\nlaw.\n\nSOURCE: Digi Power X Inc.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/digi-power-x-provides-operations-and-financial-update-1187303)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSsNN0ca","title":"Digi Power X Provides Operations and Financial Update","author":"ACCESSWIRE","ticker":"DGXX","created":"2026-07-07T11:30:00.485Z","tickers":["DGXX","DGX"],"exchange":"NASDAQ","article_body":"MIAMI, FL / ACCESS Newswire (https://www.accessnewswire.com/) / July 7, 2026 /\nDigi Power X Inc. (NASDAQ:DGXX)(Cboe Canada:DGX) (the \"Company\" and \"Digi\nPower X\"), an AI data center infrastructure operator, today provided an update\non operations and its financial position.\n\nOperations Update\n*\nFlagship buildout on track. Construction of the Company's purpose-built AI\ndata center campus is progressing on schedule. The first phase remains on\ntrack for a ready-for-service date of December 2026, with the second phase\nexpected to come online by the end of the first fiscal quarter of 2027. Crews\nare currently erecting the building shell, marking a significant construction\nmilestone as the project transitions from site and civil work to vertical\nconstruction.\n*\nAll long-lead equipment secured. Commitments are now in place for every major\nlong-lead item needed to complete Phase 1, including the critical electrical\nand switchgear infrastructure. Locking in this equipment mitigates a\nsignificant scheduling risk and keeps the buildout aligned with the Company's\ntargeted in-service date.\n*\nNeoCloudz live and generating AI revenues. NeoCloudz, the Company's\nGPU-as-a-Service platform, has run AI workloads without interruption on its\nlive fleet of NVIDIA B200 and B300 GPUs since the second quarter of 2026. The\nplatform contributed to the Company's first AI-related revenues during the\npast quarter. To support the growth of the platform, the Company expects to\nopen a Silicon Valley office by August 2026 and is building out a dedicated\nengineering team for its GPU-as-a-Service business.\n*\nProject financing moving forward. In keeping with its stated preference for\nnon-dilutive debt to fund growth, the Company is putting project-level\nfinancing in place to underwrite its data center buildout. Further details are\nexpected once definitive documentation is finalized.\n*\nStrong, self-funded financial position. Beyond the anticipated project\nfinancing, the Company is advancing its expansion using internal resources and\nstriving to sustain a healthy cash balance while directing capital into the\nCompany's Alabama site. Additional details appear in the remarks from the\nCompany's Chief Financial Officer below.\n\n\"We continue to be in a position to fund our rapid expansion internally,\" said\nPaul Ciullo, Chief Financial Officer of Digi Power X. \"As of July 3, 2026, the\nCompany had approximately $155 million in cash and cash equivalents, with\nroughly $95 million of capital already deployed into our Alabama site\nyear-to-date, entirely from our own resources. We remain focused on advancing\nour growth plan without compromising our balance sheet as we finalize\nproject-level financing for the next phase.\"\n\nCurrent Financial Position (as of July 3, 2026)\n*\nCash and cash equivalents: approximately $155 million\n*\nYear-to-date capital expenditures (Columbiana): approximately $95 million\n*\nLong-term debt: none\n\n\"We continue to execute on our growth strategy and Tier 3 data center\ndevelopment plans,\" said Michel Amar, Chief Executive Officer of Digi Power X.\n\"Our team remains focused on delivering the milestones ahead of us - advancing\nour purpose-built AI data center campus toward its ready-for-service targets,\nscaling the NeoCloudz platform, and building the Tier 3 infrastructure needed\nto meet accelerating demand for AI compute. We remain confident in our\nstrategy and are executing on our plans with discipline.\"\n\nUS Data Centers Inc. Update\n\nDigi Power X is a major shareholder of US Data Centers Inc. (\"US Data\nCenters\"), which develops and commercializes the ARMS modular data center\nplatform. The Company confirms that the ARMS 200 modular unit has been live\nand operating successfully at Tier 3 standards at the Company's Alabama\nfacility since May 15, 2026, and has been generating AI-related revenues for\nDigi Power X since that date.\n(https://app.accessnewswire.com/imagelibrary/c627a541-f155-4fe0-9173-32eafcc0beee/1187303/picture6.png)\nUS Data Centers' ARMS 200 AI-ready modular solution at the Company's\nColumbiana, Alabama campus.\n\n2027 Outlook\n\nFor fiscal 2027, Digi Power X is targeting an annualized run rate of\napproximately $250-$300 million across its three operating segments:\n*\nAI colocation. Revenue from the Colocation Agreement is expected to contribute\napproximately $80-$100 million, reflecting a full year of Phase 1 operations\nand a partial year of Phase 2 following its targeted commissioning (40 MW).\nThe Company is targeting an aggregate of 90 MW of AI colocation for fiscal\n2027 (50 MW in addition to the Colocation Agreement), for aggregate colocation\nrevenues of up to approximately $200 million.\n*\nGPU-as-a-Service (NeoCloudz). Revenue is expected to scale over the course of\nthe year toward approximately 10 MW of deployed capacity, targeting a year-end\nannualized run rate of up to approximately $100 million as additional GPU\ncapacity is brought online.\n*\nEnergy sales. Expected to contribute approximately $12 million.\n\nThese targets are subject to execution, customer ramp, financing availability\nand the other factors described under \"Forward-Looking Statements\" below.\n\nAbout Digi Power X\n\nDigi Power X is an AI infrastructure company, operating a vertically\nintegrated portfolio of power assets and data center capacity across Alabama,\nNew York, and North Carolina. The Company's NeoCloudz platform delivers\nGPU-as-a-Service on dedicated, bare metal NVIDIA infrastructure. For more\ninformation, visit www.digipowerx.com.\n\nInvestor Relations\n\nFor further information, please contact:\nMichel Amar, Chief Executive Officer\nDigi Power X Inc.\nwww.digipowerx.com\n\nInvestor Relations: T: 888-474-9222 | Email: IR@digihostpower.com\n\nCautionary Statement\n\nTrading in the securities of the Company should be considered highly\nspeculative. No stock exchange, securities commission or other regulatory\nauthority has approved or disapproved the information contained herein. Cboe\nCanada does not accept responsibility for the adequacy or accuracy of this\nrelease.\n\nForward-Looking Statements\n\nExcept for the statements of historical fact, this news release contains\n\"forward-looking information\" and \"forward-looking statements\" (collectively,\n\"forward-looking information\") that are based on expectations, estimates and\nprojections as at the date of this news release and are covered by safe\nharbors under Canadian and United States securities laws. Forward-looking\ninformation in this news release includes the statements under the heading\n\"2027 Outlook,\" statements regarding the construction, buildout and expected\ntiming and capacity of the Company's AI data center campus, project-level\nfinancing, and goals, expectations and targets for the business of Digi Power\nX. In some cases, you can identify forward-looking statements by terms such as\n\"may,\" \"will,\" \"should,\" \"expects,\" \"plans,\" \"anticipates,\" \"could,\"\n\"intends,\" \"targets,\" \"goals,\" \"projects,\" \"contemplates,\" \"believes,\"\n\"estimates,\" \"forecasts,\" \"predicts,\" \"potential\" or \"continue\" or the\nnegative of these terms or other similar expressions. The forward-looking\ninformation is subject to a variety of known and unknown risks, uncertainties\nand other important factors that may cause our actual results, performance or\nachievements to be materially different from any future results, performance\nor achievements expressed or implied by the forward-looking statements,\nincluding, but not limited to: risks relating to construction and equipment\ndelivery; delivery of deployment of equipment may not occur on the timelines\nanticipated by the Company, or at all; financing availability and terms;\ncounterparty performance; permitting and interconnection, regulatory matters,\nand general economic and market conditions; Phase 2 deployment of the\nCompany's purpose-built AI data center campus is conditioned on the Company\nsecuring adequate financing, and there can be no assurance that financing will\nbe completed on the terms contemplated or at all; that any additional\ncommercial agreements under discussion will be entered into, or that the\nSilicon Valley, West Virginia or upstate New York opportunities will be\nrealized; global demand for AI computing infrastructure; further improvements\nto profitability and efficiency may not be realized; and other related risks,\nsome of which are more fully set out in the Company's annual report on Form\n10-K for the year ended December 31, 2025 and other documents disclosed in the\nCompany's filings at www.sedarplus.ca and in the Company's annual, quarterly\nand current reports filed with the SEC on its website, www.SEC.gov/EDGAR. The\nforward-looking information in this news release reflects the current\nexpectations, assumptions and/or beliefs of the Company based on information\ncurrently available to the Company. Although the Company believes that the\nassumptions inherent in the forward-looking information are reasonable,\nforward-looking information is not a guarantee of future performance and\naccordingly undue reliance should not be put on such information due to the\ninherent uncertainties therein. The Company undertakes no obligation to revise\nor update any forward-looking information other than as required by applicable\nlaw.\n\nSOURCE: Digi Power X Inc.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/digi-power-x-provides-operations-and-financial-update-1187303)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-07-07T11:30:00.577209701Z","server_sent_at_ms":1783423800577},"received_at":"2026-07-07T11:30:00.646Z","source_url":"https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/digi-power-x-provides-operations-and-financial-update-1187303"},"analysis":{"id":"71027","press_release_id":"81913","analysis_json":{"industry":{"label":"Specialized REITs","sector":"Real Estate"},"redFlags":["Revenue targets are forward-looking and contingent on securing project financing","Trading in securities is described as 'highly speculative' in the cautionary statement","Phase 2 deployment is conditioned on securing adequate financing"],"eventType":"operations_update","narrative":"Digi Power X confirmed its flagship AI data center buildout in Alabama is on schedule, with Phase 1 ready for service in December 2026 and Phase 2 by Q1 2027. The company has secured all long-lead equipment, mitigating key construction risks.\n\nThe company reported a strong financial position with $155 million in cash and no long-term debt, having funded $95 million in year-to-date capital expenditures internally. Its NeoCloudz GPU-as-a-Service platform is live and generating AI revenues using NVIDIA B200 and B300 hardware.\n\nFor fiscal 2027, Digi Power X targets an annualized revenue run rate of $250-$300 million, driven by $200 million in AI colocation and $100 million from its NeoCloudz platform. The company is currently finalizing project-level financing to support the next phase of expansion.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"DGXX updates: On-track buildout, $155M cash, no debt, and $250M+ FY27 revenue targets."},"keyFigures":{"customDimensions":{"ytd_capex":95000000,"long_term_debt":0,"cash_and_equivalents":155000000,"fy27_revenue_target_low":250000000,"fy27_energy_sales_target":12000000,"fy27_revenue_target_high":300000000,"fy27_neocloudz_revenue_target":100000000,"fy27_colocation_revenue_target":200000000,"fy27_neocloudz_capacity_target_mw":10,"fy27_colocation_capacity_target_mw":90}},"quotedText":"We continue to be in a position to fund our rapid expansion internally","namedEntities":{"people":[{"name":"Paul Ciullo","role":"Chief Financial Officer"},{"name":"Michel Amar","role":"Chief Executive Officer"}],"products":["NeoCloudz","ARMS 200","NVIDIA B200","NVIDIA B300"],"companies":[{"name":"Digi Power X Inc.","ticker":"DGXX","relationship":"filer"},{"name":"US Data Centers Inc.","relationship":"subsidiary/partner"},{"name":"NVIDIA","relationship":"supplier"}],"dollarAmounts":[{"amount":"$155 million","context":"cash and cash equivalents as of July 3, 2026"},{"amount":"$95 million","context":"year-to-date capital expenditures in Alabama"},{"amount":"$250-$300 million","context":"FY27 annualized revenue run rate target"},{"amount":"$80-$100 million","context":"FY27 revenue from Colocation Agreement"},{"amount":"$200 million","context":"FY27 aggregate colocation revenue target"},{"amount":"$100 million","context":"FY27 NeoCloudz annualized run rate target"},{"amount":"$12 million","context":"FY27 energy sales target"}]},"materialImpact":{"score":3,"reasoning":"The release provides a positive operational update with on-track construction milestones and a strong balance sheet ($155M cash, no debt). It also sets ambitious FY27 revenue targets ($250-$300M), which serves as forward guidance. The impact is moderate because the revenue is largely forward-looking and contingent on execution/financing, but the confirmation of live AI revenues and self-funded growth is materially positive for a speculative AI infrastructure name."},"tickerRelevance":{"others":[],"primary":"DGXX"},"globalImportance":25,"audienceRelevance":35,"eventTypeSecondary":["guidance_update"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"operational_update_with_guidance","sectorWeight":"high","householdBrandBoost":"low","marketCapAdjustment":"neutral","retailFavoriteBoost":"medium"}},"event_type":"operations_update","event_type_secondary":["guidance_update"],"sentiment":"bullish","material_impact_score":3,"narrative":"Digi Power X confirmed its flagship AI data center buildout in Alabama is on schedule, with Phase 1 ready for service in December 2026 and Phase 2 by Q1 2027. The company has secured all long-lead equipment, mitigating key construction risks.\n\nThe company reported a strong financial position with $155 million in cash and no long-term debt, having funded $95 million in year-to-date capital expenditures internally. Its NeoCloudz GPU-as-a-Service platform is live and generating AI revenues using NVIDIA B200 and B300 hardware.\n\nFor fiscal 2027, Digi Power X targets an annualized revenue run rate of $250-$300 million, driven by $200 million in AI colocation and $100 million from its NeoCloudz platform. The company is currently finalizing project-level financing to support the next phase of expansion.","key_figures":{"customDimensions":{"ytd_capex":95000000,"long_term_debt":0,"cash_and_equivalents":155000000,"fy27_revenue_target_low":250000000,"fy27_energy_sales_target":12000000,"fy27_revenue_target_high":300000000,"fy27_neocloudz_revenue_target":100000000,"fy27_colocation_revenue_target":200000000,"fy27_neocloudz_capacity_target_mw":10,"fy27_colocation_capacity_target_mw":90}},"named_entities":{"people":[{"name":"Paul Ciullo","role":"Chief Financial Officer"},{"name":"Michel Amar","role":"Chief Executive Officer"}],"products":["NeoCloudz","ARMS 200","NVIDIA B200","NVIDIA B300"],"companies":[{"name":"Digi Power X Inc.","ticker":"DGXX","relationship":"filer"},{"name":"US Data Centers Inc.","relationship":"subsidiary/partner"},{"name":"NVIDIA","relationship":"supplier"}],"dollarAmounts":[{"amount":"$155 million","context":"cash and cash equivalents as of July 3, 2026"},{"amount":"$95 million","context":"year-to-date capital expenditures in Alabama"},{"amount":"$250-$300 million","context":"FY27 annualized revenue run rate target"},{"amount":"$80-$100 million","context":"FY27 revenue from Colocation Agreement"},{"amount":"$200 million","context":"FY27 aggregate colocation revenue target"},{"amount":"$100 million","context":"FY27 NeoCloudz annualized run rate target"},{"amount":"$12 million","context":"FY27 energy sales target"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-07T15:21:51.925Z","global_importance":25,"audience_relevance":35,"importance_components":{"tickerTier":"small-cap","eventGravity":"operational_update_with_guidance","sectorWeight":"high","householdBrandBoost":"low","marketCapAdjustment":"neutral","retailFavoriteBoost":"medium"}},"durationMs":88780,"modelName":"george-droid-qwen-72b"}}