COLUMBIANA, ALABAMA — Digi Power X provided an update on its AI colocation business and data center campus development in July 2026. The company is targeting an annualized run rate of approximately $250 million to $300 million across its three operating segments for fiscal year 2027.

The company expects its AI colocation business to contribute $80 million to $100 million in fiscal 2027, with total colocation revenue projected at approximately $200 million for the same period. Digi Power X is targeting an aggregate of 90 megawatts (MW) of AI colocation capacity for fiscal 2027.

The NeoCloudz platform is expected to scale toward roughly 10 MW of deployed capacity over fiscal 2027. Digi Power X is also targeting a year-end annualized run rate of up to $100 million for NeoCloudz, and is building out a dedicated engineering team for this business. The company expects energy sales to add $12 million in fiscal 2027.

Phase 1 of Digi Power X's AI data center campus is targeted for a ready-for-service date in December 2026. Construction crews are currently erecting the building shell at the campus. Phase 2 of the AI data center campus is expected to come online by the end of the first fiscal quarter of 2027 and is targeted for commissioning of 40 MW.

Digi Power X has committed to all major long-lead equipment required for Phase 1, including electrical and switchgear infrastructure. The company is pursuing project-level financing to support its data center buildout. As of July 2026, Digi Power X has approximately $155 million in cash and cash equivalents, and no long-term debt. Additionally, the company has directed roughly $95 million in year-to-date capital expenditures toward its Columbiana, Alabama campus as of July 2026.

Digi Power X CEO Michel Amar stated, "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." Chief Financial Officer Paul Ciullo added, "We continue to be in a position to fund our rapid expansion internally."