Digi Power X Inc. Q2 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Period: Three months ended June 30, 2026 (compared to Q2 2025 and year-end 2025 where noted). The company is transitioning from legacy Bitcoin mining operations to AI compute, GPU-as-a-Service (bare-metal rentals), and colocation data center revenue.

Key Financial Highlights

  • Revenue: $6.6 million (reflects planned wind-down of legacy operations; includes first AI revenue of $1.1 million from B200/B300 GPU bare-metal rentals at Columbiana, Alabama facility over ~5 weeks starting mid-May 2026).
  • Adjusted EBITDA: Positive $3.3 million, up $3.2 million year-over-year from Q2 2025.
  • Net Loss: $14.4 million (includes depreciation and non-cash items).
  • Cash & Equivalents (June 30, 2026): $142.4 million vs. $1.7 million as of June 30, 2025.
  • Working Capital (June 30, 2026): $131 million, +$130 million year-over-year from June 30, 2025 (company had essentially zero working capital one year prior).
  • Digital Assets: $14.3 million.
  • Net Fixed Assets & Equipment Deposits: $127.5 million, +447% year-over-year, driven by investments in Columbiana, Alabama data center.
  • Total Assets (June 30, 2026): $279 million vs. $37 million as of June 30, 2025.
  • Long-term Debt: None.

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Operator: Good morning, and welcome to Digi Power X, Inc.'s Second Quarter 2026 Financial Results Conference Call. Please note that this event is being recorded, and a transcript will be available on Digi Power X, Inc.'s website. [Operator Instructions] Unless noted otherwise, all amounts referred to during the call are denominated in U.S. dollars. Certain comments made during this call may include forward-looking statements or forward-looking information within the meaning of applicable U.S. and Canadian securities laws. Such statements and information reflect current expectations and as such, are subject to a variety of risks and uncertainties that could cause actual results to differ materially from current expectations. Those risks and uncertainties include, but are not limited to, factors discussed in Digi Power X, Inc.'s report on Form 10-Q for the 3 and 6 months ended June 30, 2026, and the annual report for the year ended December 31, 2025, as well as the company's other disclosure documents. Except to the extent required by applicable law, Digi Power X undertakes no obligation to publicly update or review any forward-looking statements or information. During the call, management may make reference to certain non-GAAP financial measures that are not separately defined under GAAP, such as EBITDA and adjusted EBITDA. Management believes that those non-GAAP measures, when considered in conjunction with GAAP financial measures, provide useful information for both manageme

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