Big Digital Energy Announces Third Quarter 2026 Results

Phil Stanley, Chief Executive Officer of Big Digital Energy

“During the third quarter, we continued to execute Big Digital Energy’s strategy of acquiring, developing and monetizing powered infrastructure for AI and high-performance computing markets. As demand for AI infrastructure grows and reliable power becomes harder to secure, we believe energized capacity and development-ready sites are becoming more valuable. Our focus is on converting those assets into commercial projects through disciplined development, partnerships and capital formation.”

Phil Stanley, Chief Executive Officer of Big Digital Energy

“At Hood County, we moved the project from a powered site toward a commercial AI infrastructure project. Our joint venture with 10NetZero acquired 30 acres of the site in July, and we established a framework with Tensor IQ for a planned campus with up to 17 megawatts of gross capacity. We have completed our owner’s project requirements and our Phase 1 design basis, and we are advancing into basis of design and schematic design. We are also in active discussions with prospective offtakers. Based on the indicative, non-binding terms of the letter of intent and assuming full utilization, the proposed arrangement could generate approximately $546 million in power-lease-related revenue to Texas Load House over an initial 15-year term. These amounts are not contracted revenue.”

Phil Stanley, Chief Executive Officer of Big Digital Energy

“We also made progress improving the efficiency of our existing operations. Third-quarter revenue increased 41% sequentially to approximately $8.7 million and average monthly operating cash burn declined to approximately $850 thousand in the third quarter from approximately $3.4 million in the first half of 2026. Our Six Thirty AI arrangement is monetizing previously underutilized infrastructure through bitcoin mining, providing cash flow today while we develop higher-value AI and HPC applications. We expect to achieve positive operating cash flow in the first quarter of 2027.”

Phil Stanley, Chief Executive Officer of Big Digital Energy

“Looking ahead to year end and 2027, our priorities are to convert existing frameworks into definitive agreements, establish commercial relationships with customers and partners, secure financing to develop these projects while remaining disciplined about per-share value, and expand our portfolio of powered assets. Our focus remains on disciplined execution.”