Digi Power X Q3 Revenue Surges 85% as AI Sales Quadruple Quarter Over Quarter

Digi Power X (Nasdaq: DGXX, Cboe Canada: DGX) reported third-quarter 2026 revenue of $12.25 million, up 85% from Q2 and 50% year over year, beating analyst estimates by $1.9 million. The company also posted GAAP earnings per share of $0.01, outpacing expectations by $0.15.

AI-related revenue was the primary driver, rising more than 400% compared to Q2 and accounting for 46% of total quarterly revenue, up from essentially zero in the prior-year quarter. GPU bare-metal rental revenue climbed 127% sequentially to $2.46 million. The company highlighted that billings from its Columbiana colocation facility are not expected to begin until January 2027, suggesting further revenue growth ahead.

Shares of DGXX jumped roughly 19.5% in premarket trading following the release. Looking ahead, management said it anticipates an annualized revenue run-rate of approximately $250 million to $300 million by the end of Q3 2027, contingent on adequate financing and market conditions.