Digi Power X targets $250M-$300M FY27 run rate across segments
Digi Power X is targeting an annualized run rate of $250-$300 million for fiscal 2027, supported by approximately $155 million in cash and zero long-term debt. The company is advancing its Alabama data center construction, with Phase 1 set for December 2026, and generating AI revenues via its NeoCloudz platform and the ARMS 200 modular unit. Revenue targets include up to $200 million from AI colocation, $100 million from GPU-as-a-Service, and $12 million from energy sales.
*this image is generated using AI for illustrative purposes only.
Digi Power X is targeting an annualized run rate of $250-$300 million for fiscal 2027 across its three operating segments, driven by AI colocation and GPU-as-a-Service. The company reported a strong financial position with approximately $155 million in cash and cash equivalents as of July 3, 2026. To support expansion, roughly $95 million of capital has been deployed year-to-date into the Alabama site entirely from internal resources, while the company maintains no long-term debt.
Operations Update
Construction of the company's purpose-built AI data center campus is progressing on schedule. The first phase remains on track for a ready-for-service date of December 2026, with the second phase expected to come online by the end of the first fiscal quarter of 2027. Crews are currently erecting the building shell, marking the transition from site work to vertical construction. Commitments are in place for all major long-lead equipment for Phase 1, including critical electrical and switchgear infrastructure.
The NeoCloudz GPU-as-a-Service platform has been running AI workloads without interruption since the second quarter of 2026. The platform contributed to the company's first AI-related revenues during the past quarter. To support growth, the company expects to open a Silicon Valley office by August 2026 and is building a dedicated engineering team. Additionally, the company is arranging project-level financing to underwrite the data center buildout.
US Data Centers Inc. Update
Digi Power X is a major shareholder of US Data Centers Inc., which develops and commercializes the ARMS modular data center platform. The company confirms that the ARMS 200 modular unit has been live and operating successfully at Tier 3 standards at the Alabama facility since May 15, 2026, and has been generating AI-related revenues for Digi Power X since that date.
Financial Position
As of July 3, 2026, the company's financial standing is characterized by significant liquidity and self-funded expansion.
| Metric | Amount |
|---|---|
| Cash and cash equivalents | approximately $155 million |
| Year-to-date capital expenditures (Columbiana) | approximately $95 million |
| Long-term debt | none |
2027 Outlook
For fiscal 2027, Digi Power X provided revenue targets across its three operating segments. The company is targeting an aggregate of 90 MW of AI colocation capacity, including 40 MW from the Colocation Agreement.
| Segment | Target Revenue |
|---|---|
| AI colocation | Up to approximately $200 million |
| GPU-as-a-Service (NeoCloudz) | Up to approximately $100 million |
| Energy sales | Approximately $12 million |
The AI colocation revenue reflects a full year of Phase 1 operations and a partial year of Phase 2 operations. NeoCloudz revenue is expected to scale toward approximately 10 MW of deployed capacity, targeting a year-end annualized run rate of up to approximately $100 million.
How will the proposed project-level financing impact the company's current debt-free strategy and shareholder returns?
What specific customer segments or industries are driving the demand for the 90 MW of AI colocation capacity?
How does Digi Power X plan to manage the competitive landscape for GPU-as-a-Service with the opening of the new Silicon Valley office?
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