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.
Key points
- 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
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.