Digi Power X Inc (NASDAQ:DGXX, FRA:1NQ0, NEO:DGX) is targeting an annualized run rate of approximately $250 million to $300 million across its three operating segments for fiscal 2027, the AI data center infrastructure operator said.
The company expects its AI colocation business to contribute $80 million to $100 million as Phase 1 of its purpose-built AI data center campus completes a full year of operations and Phase 2 begins contributing following its targeted commissioning of 40 MW.
Digi Power X is targeting an aggregate of 90 MW of AI colocation capacity for fiscal 2027, which could bring total colocation revenue to approximately $200 million.
Digi Power X's GPU-as-a-Service platform, NeoCloudz, is expected to scale toward roughly 10 MW of deployed capacity over the course of the year, with the company targeting a year-end annualized run rate of up to $100 million as additional GPU capacity comes online. Energy sales are expected to add a further $12 million.
Meanwhile, construction of the company's flagship AI data center campus remains on track, with Phase 1 targeted for a ready-for-service date of December 2026 and Phase 2 expected to come online by the end of the first fiscal quarter of 2027. The company said crews are now erecting the building shell as the project moves from site and civil work into vertical construction, and that commitments are in place for all major long-lead equipment needed to complete Phase 1, including electrical and switchgear infrastructure.
The company is also pursuing project-level financing to support its data center buildout, consistent with its stated preference for non-dilutive debt, with further details expected once definitive documentation is finalized.
To support growth at NeoCloudz, Digi Power X plans to open a Silicon Valley office by August 2026 and is building out a dedicated engineering team for the business.
"Our team remains focused on delivering the milestones ahead of us, advancing our purpose-built AI data center campus toward its ready-for-service targets, scaling the NeoCloudz platform, and building the Tier 3 infrastructure needed to meet accelerating demand for AI compute," said Michel Amar, CEO.
"We continue to be in a position to fund our rapid expansion internally," added Paul Ciullo, CFO of Digi Power X.
As of July 2026, the company has approximately $155 million in cash and cash equivalents and no long-term debt, with roughly $95 million in year-to-date capital expenditures directed toward its Columbiana, Alabama campus.