Digi Power X Inc. (DGXX) Earnings Call Transcripts

Digi Power X Inc.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Digi Power X Inc. (DGXX:US) reported a revenue of $6.8 million, reflecting a strategic transition away from cryptocurrency mining towards AI computing infrastructure. The company achieved a positive adjusted EBITDA of $1.1 million, a significant improvement from a negative $1.3 million in Q1 2025. Management emphasized a strong balance sheet with $125 million in cash and no long-term debt, positioning the company for future growth and expansion in AI services, with a target of reaching 9-figure annual revenues.

Reported metrics

Guidance from management

Management projects a run rate of $300 million in 2027, $450-$500 million in 2028, and $800 million to $1 billion by 2029, contingent on securing financial strength and debt financing.

What management said

Good morning, everyone. So as stated earlier, we ended up with actually $73 million cash March 31 with an adjusted EBITDA of positive $1.1 million compared to negative last year. And the adjusted EBITDA is basically all the noncash item deducted from the net loss. We actually -- it reflects a disciplined capital management and provide us with enough cash to execute on our Phase 1 Columbiana commissioning. It also all...

So as of today, we continue to maintain a zero-debt capital structure as of March 31, '26. As of May 15, we still maintain that zero-debt. We are in discussion with different lenders in order to mitigate dilution. And with the strongest balance sheet we've ever had in the history of the company between cash and cash equivalent of $125 million and digital assets that are unencumbered of about $15 million, we basically...

What analysts pressed on

Analysts expressed concerns regarding the execution risks associated with the ambitious expansion plans and the transition from legacy operations. There were questions about the sustainability of AI revenue growth and potential competitive pressures in the AI infrastructure market.

Main topics on the call

• Transition to AI Infrastructure — Digi Power X has pivoted from cryptocurrency mining to AI infrastructure, which management described as 'the most consequential strategic decision in the company's history.' This shift is expected to capitalize on the gr...
• Strong Financial Position — The company reported cash and cash equivalents of approximately $125 million and maintained a zero-debt structure. CEO Michel Amar stated, 'We do not have any concerns of lack of cash today. We can grow,' highlighting th...
• First AI Revenue Generation — Digi Power X commenced generating AI revenues in May 2026, with the CEO confirming, 'We started today' after delivering their first GPU rental to a customer. This marks a critical milestone in the company's transition st...
• Future Revenue Projections — Management outlined ambitious revenue targets, projecting a run rate of $300 million in 2027 and $450-$500 million in 2028, with a goal of reaching $800 million to $1 billion by 2029. They emphasized the importance of se...

Read the full Digi Power X Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 6 Digi Power X Inc. earnings call transcripts on record, spanning November 15, 2024 to August 14, 2026. Based on this history, Digi Power X Inc. reports semi-annually. The most recent call on file is dated August 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

DGXX

Exchange

NasdaqCM

Country

US

Sector

Information Technology

Industry

Software

Calls on record

6

First call

November 15, 2024

Most recent

August 14, 2026

Reporting cadence

semi-annually