Digi Power X’s Columbiana colocation operation had not commenced Phase 1 by September 30; it recognized no lease revenue.

Digi Power X’s quarterly filing states that its AI data-center colocation segment remained in the development phase at September 30, 2026. Phase 1 had not commenced, and no lease revenue had been recognized.

The segment nevertheless reported $3,315,379 of revenue for both the three-month and nine-month periods ended September 30. The filing attributes this amount to equipment procured on the customer’s behalf, distinguishing it from lease revenue generated by an operating colocation facility.

Segment assets consisted primarily of construction in progress for Columbiana. Its liabilities included a $12 million Phase 1 non-recurring charge, recorded as unearned lease revenue, rather than recognized lease income.

During the quarter, Digi Power X split its previously combined Tier III AI data-center segment into Tier III AI GPU Rentals and Tier III AI Data Center Colocation, recasting prior-period segment information accordingly. The separation makes the filing’s operating distinction explicit: GPU rentals were generating revenue, while the Columbiana colocation facility remained in development.