Digi Power X Reports Q3 2026 Revenue Growth Driven by AI Infrastructure Shift
Digi Power X (DGXX) reported significant third-quarter 2026 growth, with revenue reaching $12.25 million, an 85% increase from the previous quarter. This surge was primarily driven by a massive expansion in AI-related services, which grew over 400% to reach $5.66 million and now account for nearly half of total company revenue. The company is successfully transitioning its business model away from legacy Bitcoin mining, which saw its revenue contribution drop from 63% last year to roughly 25% this quarter. The company's financial position has strengthened significantly, with working capital rising to $103 million and EBITDA increasing to $6.5 million. To support massive infrastructure scaling, Digi Power X is pursuing $200 million in debt financing syndicated by Goldman Sachs for a new 40 MW data center. Management provided ambitious long-term guidance, targeting an annualized revenue run-rate of $250 million to $300 million by the end of Q3 2027.
Topics: AI Infrastructure Digital Currency EBITDA GPU Rental Revenue Growth