Digi Power X Q3 revenue rises 50% year-over-year

Overview

• US AI data center operator's Q3 revenue rose 50% yr/yr and 85% sequentially

• Net income for Q3 rose to $1.0 mln, supported by digital currency and warrant gains

• AI revenue now 46% of total, offsetting decline in legacy Bitcoin activities

Outlook

• Digi Power X expects 2027 annualized revenue run-rate of $250-300 mln by end-Q3 2027

• Company plans 2027 capex of about $350 mln, mainly for AI inference and Columbiana Phase 2

• Company intends to fund 2027 capex mainly through customer deposits, prepayments and debt financing

Result Drivers

• AI REVENUE GROWTH - Co said AI-related revenue rose sharply and accounted for 46% of Q3 revenue, offsetting declines in legacy Bitcoin activities

• TOKEN FACTORY LAUNCH - Launch of NeoCloudz Token Factory enabled direct sales of AI inference tokens, expected to create a new revenue stream with higher margins

• ENERGY SALES INCREASE - Energy sales rose 68% sequentially and 9% yr/yr, contributing to overall revenue growth

Company press release: ID:nACSdWlKTa

Key Details

Reuters Recommended Reads

• Nov 10 - CoreWeave Q3 revenue more than doubles, beats analyst estimates

• Nov 12 - Cerebras raises FY26 core revenue outlook after Q3 core sales climb on cloud services growth

• Nov 12 - Netherlands' Nebius Q3 revenue beats estimates on AI cloud performance

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)