All amou ts i U.S. dolla s (millio s)
Reve ue of app oximately $6.6 millio fo the seco d qua te of 2026;
Net loss of app oximately $14.4 millio fo Q2 2026;
Ge e ated the Compa y’s fi st AI compute eve ue, with app oximately $1.1 millio of GPU ba e-metal e tal eve ue f om app oximately five weeks of ope atio s;
App oximately $30 millio i vested i GPU i f ast uctu e, ep ese ti g app oximately 0.6 MW of deployed AI compute capacity;
$1.1 billio of co t acted AI data ce te futu e eve ue, with a optio to expa d the elatio ship that could i c ease the total pote tial co t act value to app oximately $2.5 billio ;
$142.4 millio of cash a d cash equivale ts as at Ju e 30, 2026;
Combi ed total of $127.5 millio of p ope ty, pla t a d equipme t, et, a d lo g-te m amou ts assets;
$279.6 millio of total assets a d $265.0 millio of sha eholde s’ equity as at Ju e 30, 2026;
Positive Adjusted EBITDA[1] of app oximately $3.3 millio , compa ed with app oximately $0.1 millio i the p io -yea pe iod.
Fo Q2 2026, the Compa y epo ted eve ue of app oximately $6.6 millio , i cludi g:
app oximately $3.6 millio f om colocatio se vices a d legacy mi i g;
$1.9 millio f om e e gy sales; a d
$1.1 millio f om GPU e tal.
Amou ts i U.S. dolla s (millio s)
The Compa y’s cash a d cash equivale ts positio subseque tly i c eased to app oximately
$150 millio as of August 14, 2026 ;App oximately
$110 millio of yea -to-date capital i vestme t a d equipme t deposits .
Co st uctio of Digi Powe X’s pu pose-built Tie III AI data ce te i Columbia a, Alabama co ti ues to p og ess o schedule. The Compa y expects Phase 1, ep ese ti g 15 MW of IT load, to be delive ed i Decembe 2026, followed by Phase 2, ep ese ti g a additio al 25 MW, i Ma ch 2027, fo up to 40 MW of IT load.
The Compa y’s 10-yea AI data ce te ag eeme t ep ese ts app oximately $1.1 billio of co t acted eve ue, with a optio to expa d the elatio ship that could i c ease the total pote tial co t act value to app oximately $2.5 billio .
Digi Powe X has i vested app oximately $30 millio i GPU i f ast uctu e, ep ese ti g app oximately 0.6 MW of deployed AI compute capacity. The platfo m ge e ated app oximately $1.1 millio of eve ue du i g Q2 2026 f om app oximately five weeks of ope atio s, ma ki g Digi Powe X’s fi st AI compute eve ue.
The Compa y’s B300 GPU ba e-metal i f ast uctu e has ope ated at 100% uptime si ce May 2026. Based o the pe fo ma ce of the i itial deployme t a d cu e t ma ket oppo tu ities, Digi Powe X pla s to expa d its GPU ba e-metal platfo m by app oximately 10 MW du i g 2027. The Compa y is also actively evaluati g additio al powe sites to suppo t futu e expa sio .
Digi Powe X co ti ues to p epa e its New Yo k i f ast uctu e assets fo co ve sio to AI data ce te ope atio s. The Compa y is ta geti g the t a sitio of these sites begi i g i Q3 a d Q4 2027.
The Compa y has eceived eassu a ce ega di g the g a dfathe ed status of its existi g ope atio s a d co ti ues to adva ce e gi ee i g a d developme t pla i g fo the AI t a sitio .
Digi Powe X ow s app oximately 40 ac es adjace t to o e of No th Ca oli a’s la gest elect ical switchya ds a d is adva ci g developme t pla i g fo a la ge-scale AI data ce te campus.
The cu e t developme t pla co templates app oximately 75 MW i 2029 a d a additio al 75 MW i 2030. The No th Ca oli a site ep ese ts a impo ta t compo e t of Digi Powe X’s lo ge -te m st ategy to develop a geog aphically dive sified po tfolio of powe -secu ed AI i f ast uctu e assets.
The Compa y co ti ues to assess oppo tu ities associated with its p eviously a ou ced LOI i volvi g a 1.3 GW powe ge e atio asset i West Vi gi ia. Digi Powe X is evaluati g pote tial st uctu es fo pa ticipati g i the asset a d how its available powe could suppo t the Compa y’s lo ge -te m AI i f ast uctu e st ategy.
The Compa y is pleased to a ou ce that it will be ope i g its Silico Valley office i Q3 2026 to house its dedicated e gi ee i g team fo its GPU-as-a-Se vice busi ess.
Du i g Q2 2026, US Data Ce te s I c., a subsidia y of the Compa y (“USDC”), aised outside capital at a $125 millio p e-mo ey valuatio . Digi Powe X believes its app oximate 48% ow e ship i te est i USDC p ovides sha eholde s with additio al exposu e to the pote tial g owth a d comme cializatio of USDC’s modula AI data ce te platfo m.
Based o its co t acted busi ess, available powe a d pla ed AI i f ast uctu e deployme ts, the Compa y is ta geti g a a ualized eve ue u – ate of app oximately $250 millio to $300 millio by Q3 2027. The Compa y’s 2027 outlook co sists of two p i cipal compo e ts:
Based o existi g custome co t acts a d scheduled deployme ts, Digi Powe X expects to each app oximately $140 millio of a ualized co t acted eve ue u – ate du i g 2027.
The Compa y’s existi g AI data ce te ag eeme t ep ese ts app oximately $1.1 billio of total co t acted eve ue, with a optio to expa d the elatio ship that could i c ease the total pote tial co t act value to app oximately $2.5 billio .
I additio to its co t acted eve ue base, Digi Powe X expects to have additio al powe a d i f ast uctu e available du i g 2027 to suppo t fu the AI deployme ts. The Compa y is ta geti g app oximately 40 MW of additio al colocatio capacity a d app oximately 10 MW of additio al GPU ba e-metal compute capacity.
Based o its available powe , pla ed capacity a d cu e t ma ket oppo tu ities, ma ageme t expects these additio al deployme ts to p ovide the i c eme tal eve ue equi ed to achieve the Compa y’s ta geted $250 millio to $300 millio a ualized eve ue u – ate by Q3 2027, subject to custome co t acti g, deployme t schedules a d utilizatio .
The Compa y expects the t a sitio towa d this highe eve ue p ofile to become i c easi gly visible du i g the seco d half of 2026, with Q3 2026 eve ue expected to i c ease sig ifica tly compa ed with Q2 2026. These ta gets a e subject to executio , custome amp, fi a ci g availability a d the othe facto s desc ibed u de “Fo wa d-Looki g Stateme ts” below.
The Compa y will host a co fe e ce call to discuss its seco d qua te 2026 esults o August 14, 2026 at 8:30 AM ET. The co fe e ce call ca be accessed by diali g the umbe s below, o guests ca utilize the Call Me li k.
1-877-407-9039 o 1-201-689-8470.
Call Me: https://callme.viavid.com/viavid/?callme=t ue&passcode=13750233&h=t ue&i fo=compa y& =t ue&B=6
A live webcast a d eplay will be available at i vesto s.digipowe x.com.
The followi g table eco ciles GAAP et loss to EBITDA a d Adjusted EBITDA. Adjusted EBITDA is a o -GAAP fi a cial measu e p ese ted as a suppleme t to GAAP esults. See “No -GAAP Fi a cial Measu es” below.
Amou ts i U.S. dolla s (millio s)
EBITDA a d Adjusted EBITDA exclude sha e-based compe satio , digital cu e cy evaluatio , cha ges i fai value of fi a cial i st ume ts, a d capitalized AI i f ast uctu e pay oll costs. These o -GAAP measu es a e ot substitutes fo GAAP esults.
Adjusted EBITDA is a o -GAAP fi a cial measu e. The Compa y defi es Adjusted EBITDA as et i come (loss) befo e i te est, taxes, dep eciatio a d amo tizatio , a d fu the adjusted to exclude sha e-based compe satio , digital cu e cy evaluatio , cha ges i fai value of fi a cial i st ume ts (i cludi g wa a t liabilities), gai /loss o settleme t of debt, a d gai s o losses o sale of p ope ty a d equipme t. Ma ageme t believes that p ovidi g this o -GAAP fi a cial measu e that excludes these items allows fo mea i gful compa iso s betwee the Compa y’s co e busi ess ope ati g esults a d those of othe compa ies a d p ovides the Compa y with a impo ta t tool fo fi a cial a d ope atio al decisio maki g a d fo evaluati g its ow co e busi ess ope ati g esults ove diffe e t pe iods of time. I additio to ma ageme t’s i te al use of o -GAAP Adjusted EBITDA, ma ageme t believes that Adjusted EBITDA is also useful to i vesto s a d a alysts i compa i g ou pe fo ma ce ac oss epo ti g pe iods o a co siste t basis. The Compa y’s Adjusted EBITDA measu e may ot be di ectly compa able to simila measu es p ovided by othe compa ies i ou i dust y, as othe compa ies i ou i dust y may calculate o -GAAP fi a cial esults diffe e tly. The Compa y’s Adjusted EBITDA is ot a measu eme t of fi a cial pe fo ma ce u de GAAP a d should ot be co side ed as a substitute fo , o supe io to, et loss o a y othe measu e of pe fo ma ce calculated i acco da ce with GAAP.
Digi Powe X is a AI i f ast uctu e compa y, ope ati g a ve tically i teg ated po tfolio of powe assets a d data ce te capacity ac oss Alabama, New Yo k, a d No th Ca oli a. The Compa y’s NeoCloudz platfo m delive s GPU-as-a-Se vice o dedicated, ba e metal NVIDIA i f ast uctu e. Fo mo e i fo matio , visit www.digipowe x.com.
T adi g i the secu ities of the Compa y should be co side ed highly speculative. No stock excha ge, secu ities commissio o othe egulato y autho ity has app oved o disapp oved the i fo matio co tai ed he ei . Cboe Ca ada does ot accept espo sibility fo the adequacy o accu acy of this elease.
Except fo the stateme ts of histo ical fact, this ews elease co tai s “fo wa d-looki g i fo matio ” a d “fo wa d-looki g stateme ts” (collectively, “fo wa d-looki g i fo matio “) that a e based o expectatio s, estimates a d p ojectio s as at the date of this ews elease a d a e cove ed by safe ha bo s u de Ca adia a d U ited States secu ities laws. Fo wa d-looki g i fo matio i this ews elease i cludes the stateme ts u de “2027 Outlook” a d othe stateme ts ega di g goals, expectatio s a d ta gets fo the busi ess of Digi Powe X, i cludi g th ough USDC. I some cases, you ca ide tify fo wa d-looki g stateme ts by te ms such as “may,” “will,” “should,” “expects,” “pla s,” “a ticipates,” “could,” “i te ds,” “ta gets,” “goals,” “p ojects,” “co templates,” “believes,” “estimates,” “fo ecasts,” “p edicts,” “pote tial” o “co ti ue” o the egative of these te ms o othe simila exp essio s. The fo wa d-looki g i fo matio is subject to a va iety of k ow a d u k ow isks, u ce tai ties a d othe impo ta t facto s that may cause ou actual esults, pe fo ma ce o achieveme ts to be mate ially diffe e t f om a y futu e esults, pe fo ma ce o achieveme ts exp essed o implied by the fo wa d-looki g stateme ts, i cludi g, but ot limited to: the Compa y’s ability to mai tai a d obtai ew custome s; that a y additio al comme cial ag eeme ts u de discussio will be e te ed i to, o that the West Vi gi ia o upstate New Yo k oppo tu ities will be ealized; the Compa y’s ability to fulfill its obligatio s pu sua t to its colocatio ag eeme ts; cou te pa ty pe fo ma ce; the Compa y’s ability to execute its evolvi g busi ess model a d st ategy, i cludi g as it elates to its expa sio i to the data ce te ma ket; futu e capital eeds a d u ce tai ty ega di g the Compa y’s a d USDC’s ability to aise additio al capital o obtai fi a ci g; Phase 2 deployme t of the Compa y’s pu pose-built AI data ce te campus is co ditio ed o the Compa y secu i g adequate fi a ci g, a d the e ca be o assu a ce that fi a ci g will be completed o the te ms co templated o at all; costs associated with the developme t, ma ufactu i g a d deployme t of AI i f ast uctu e; isks elati g to co st uctio a d equipme t delive y; delive y of deployme t of equipme t may ot occu o the timeli es a ticipated by the Compa y, o at all; global dema d fo AI computi g i f ast uctu e; fu the imp oveme ts to p ofitability a d efficie cy may ot be ealized; pe mitti g a d i te co ectio , egulato y matte s, a d ge e al eco omic a d ma ket co ditio s; a d othe elated isks, some of which a e mo e fully set out i the A ual I fo matio Fo m of the Compa y a d othe docume ts disclosed u de the Compa y’s fili gs at www.seda plus.ca a d i the Compa y’s a ual, qua te ly a d cu e t epo ts filed with the SEC. The fo wa d-looki g i fo matio i this ews elease eflects the cu e t expectatio s, assumptio s a d/o beliefs of the Compa y based o i fo matio cu e tly available to the Compa y. Fo wa d-looki g i fo matio is ot a gua a tee of futu e pe fo ma ce, a d acco di gly u due elia ce should ot be put o such i fo matio due to the i he e t u ce tai ties the ei . The Compa y u de takes o obligatio to evise o update a y fo wa d-looki g i fo matio othe tha as equi ed by applicable law.
[1] Adjusted EBITDA is a o -GAAP fi a cial measu e p ese ted as a suppleme t to GAAP esults. See “Adjusted EBITDA-GAAP Reco ciliatio ” a d “No -GAAP Fi a cial Measu es” below.”
