Digi Power X reports Q1 EPS (7c) vs. (5c) last year

Reports Q1 revenue $6.8M vs. $9.3M last year. “Q1 marks an inflection point for Digi Power X (DGXX). Adjusted EBITDA turned positive, even as we deliberately ran down legacy revenue to make room for a much larger AI compute business, and our NeoCloudz GPU cloud is now revenue-generating. The balance sheet is the strongest in the Company’s history – approximately $125 million in cash, $15 million in digital assets, zero long-term debt, and roughly $45 million of capital expenditure already deployed year-to-date at Columbiana – and the Company is in active discussions to secure debt financing to fund future data center development to avoid shareholder dilution, providing us with the firepower needed to execute Phase 1 and the operational platform that follows. We have successfully initiated our pivot to AI, and the results this quarter reflect the early returns on that transition,” said Michel Amar, Chairman & Chief Executive Officer.