Digi Power X Inc.

Good morning and welcome to DigiPOWER X Inc's first quarter 2026 financial results conference call. Please note that this event is being recorded and a transcript will be available on DigiPOWER X Inc's website. At this time, all participants are on a listen-only mode. A brief question and answer session will follow the formal presentation. Unless otherwise noted, all amounts referred to during the call are denominated in U.S. dollars. Certain comments made during this call may include forward-looking statements or forward-looking information within the meaning of applicable U.S. and Canadian security laws. Such statements and information reflect current expectations and, as such, are subject to a variety of risks and uncertainties that could cause actual results to differ materially from current expectations. Those risks and uncertainties include, but are not limited to, factors discussed in DIGI's Power X inks report on form 10 Q through the three months ended March 31 2026. And the annual report for the year ended December 31 2025, as well as the company's other disclosure documents, except to the extent required by applicable law. Did you power x undertakes no obligation to publicly update or review any forward looking statements for information. During the call, management may make reference to certain non-GAAP financial measures that are not separately defined under GAAP, such as EBITDA and adjusted EBITDA. Management believes that those non-GAAP measures, when considered in conjunction with GAAP financial measures, provide useful information for both management and investors. Reconciliations between GAAP and non-GAAP measures are presented in the table accompanying the press release highlighting DigiPowerX financial results as the quarter ended March 31, 2026, have been filed and made accessible under the company's continuous disclosure profile on CDAR Plus at www.cdarplus.ca and are also available on the SEC's EDGAR website at www.sec.gov slash EDGAR. I would now like to turn the call over to Michelle Lamar, CEO of DigiPowerX. Thank you. Please go ahead.

Good morning, everyone, and thank you for joining us today. Our Q1 2026 results underscore a transformational year in which the company's French-language bank sheet comments the ramping down of its cryptocurrency mining sales as a capital-like infrastructure-scale AI computing platform with a clear path to nine-figure annual revenues. First quarter 2026 financial highlights. Three months ended March 21st, 2026. Positive adjusted EBITDA of $1.1 million from a negative $1.3 million last year Q1 2025. Revenue of $6.8 million reflecting the planned wind-down of legacy operations as the company transitions to AI, compute, and co-location revenues. Balance sheet and liquidity as of March 31st, 2026. Cash and cash equivalents of 71.4 million. Working capital of 67.2 compared to negative 0.8 million at March 31st, 2025. Digital asset holdings of 14.6 million of 208% year over year. Net fixed assets of $26 million have 29% year-over-year reflecting capitalized investment at the Colombiana Alabama facility. No long-term debts. Balance sheet and liquidity as of May 15, 2026. Approximately $125 million in cash and cash equivalents. About $15 million in digital assets. and approximately $45 million in year-to-date capital expenditure deployed towards GPD equipment and data center build-out, principally at the Colombiana Alabama facility. Operational highlights, Colombiana Alabama AI campus. The company is starting phase one ready for service December of 2026, Completion Q1, 2027. NEO Cloud V GPU as a Service. NEO Cloud V, the company's GPU cloud business, will recognize its first revenue in May 2026 from its initial fleet of NVIDIA B200, B300 GPUs deployed at the company's Alabama facility. Closing Message. Q1 2020 seed marks and inflection points for DigiPowerX. Adjusted with data, we've become positive, even as we deliberately run down leadership revenue to make room for a much larger AI compute business. Our balance sheet is the strongest it has ever been. We hold approximately $125 million in cash and $15 million in digital assets as of today. with no long-term debt, and we have already deployed approximately $45 million of CapEx year-to-date into GPUs and infrastructure at Colombiana. That is a firepower to execute phase one on the operational platform that follows. Thank you for joining us today. We will now take questions.

Thank you. We will now discuss some questions we had from shareholders with DigiPowerX CEO, Michelle Amar. For Q1, 2026, can you please discuss the financial results, specifically your cash and cash equivalents, as of March 31, 2026?