Digi Power X says Phase 1 AI data center on track for December 2026 ready-for-service
Digi Power X reported that its Alabama AI data center buildout is on schedule, that it has secured commitments for all major long-lead equipment for Phase 1, and that it is finalizing project-level financing. The company said it had approximately $155 million in cash and no long-term debt as of July 3, 2026, and it set fiscal 2027 targets of an annualized run rate of approximately $250–$300 million.
- Cash and cash equivalents of approximately $155 million and no long-term debt as of July 3, 2026
- Approximately $95 million of capital deployed into the Alabama site year to date, funded from internal resources
- Phase 1 targeted for ready-for-service in December 2026; Phase 2 expected online by the end of the first fiscal quarter of 2027
- Fiscal 2027 target of an annualized run rate of approximately $250–$300 million across three segments