Digi Power X Inc. (NASDAQ:DGXX) shares began Tuesday lower. The company, an AI data center infrastructure operator, today provided an update on operations and its financial position.
Flagship buildout is on track. 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 a significant construction milestone as the project transitions from site and civil work to vertical construction.
All long-lead equipment is secured. Commitments are now in place for every major long-lead item needed to complete Phase 1, including the critical electrical and switchgear infrastructure. Locking in this equipment mitigates a significant scheduling risk and keeps the buildout aligned with the Company's targeted in-service date.
NeoCloudz is live and generating AI revenues. NeoCloudz, the Company's GPU-as-a-Service platform, has run AI workloads without interruption on its live fleet of NVIDIA B200 and B300 GPUs since the second quarter of 2026.
The platform contributed to the Company's first AI-related revenues during the past quarter. To support the growth of the platform, the Company expects to open a Silicon Valley office by August 2026 and is building out a dedicated engineering team for its GPU-as-a-Service business.
DGXX shares fell 39 cents, or 8.3%, to $4.35.
