Big Digital Energy Announces Second Quarter 2026 Results
Revenues: $6.2 million, 28% QoQ increase; Approximately 129 MW of Energized Capacity
Completed Hood County Acquisition with 10NetZero to Advance AI and HPC Development
Entered into LOI with Tensor to Advance Planned 17 MW AI/HPC Campus at Hood County
MIDLAND, Pa., Aug. 12, 2026 (GLOBE NEWSWIRE) -- Big Digital Energy, Inc. (“We,” “Big Digital” or the “Company”) (Nasdaq: “BGDE”), a developer and operator of next-generation digital infrastructure, today announced financial results for the second quarter ended June 30, 2026.
Q2 2026 Financial Highlights
Q2 2026 Key Operating Metrics
CEO Commentary
“During the second quarter, we made meaningful progress repositioning Big Digital Energy for its next phase of growth,” said Phil Stanley, Chief Executive Officer. “Since assuming leadership, we have strengthened corporate governance, resolved numerous legacy matters, improved our balance-sheet position and enhanced alignment with shareholders, with members of management beneficially owning approximately 29% of the Company. Our objective is to build a company that is disciplined in its capital allocation, transparent in its execution and focused on creating long-term shareholder value”.
Mr. Stanley continued, “We are executing a clear strategy centered on acquiring, developing and monetizing powered infrastructure assets that we control for AI and high-performance computing markets. Today, our platform includes 129 megawatts of energized capacity, have begun ramping utilization under our Six Thirty AI colocation agreement and expanded our development portfolio through the Cleburne and Hood County acquisitions. While we advance toward higher-value AI and HPC deployments, we have also begun putting previously dormant assets back to work. By monetizing underutilized infrastructure through our colocation and mining initiatives, we are converting otherwise idle capacity into cash-flow generating infrastructure assets, creating a bridge that supports our transition while preserving the flexibility to redeploy that capacity into AI and HPC applications as those opportunities materialize.”
Mr. Stanley added, “As evidence of this, earlier this week, Texas Load House, our 50/50 joint venture with 10NetZero, entered a letter of intent with Tensor IQ that provides a framework to advance Hood County toward a customer-oriented AI infrastructure campus. Subject to definitive agreements and other conditions, the parties are planning an initial 17 MW deployment featuring 7,748 NVIDIA B300 GPUs, with the site targeted to be in service by the second quarter of 2027.”
Mr. Stanley concluded, “Our priorities remain clear: expand our portfolio of powered sites, advance development activities, establish strategic partnerships and secure the capital necessary to execute our AI strategy. During the quarter, we engaged Northland Capital Markets to evaluate a broad range of financing alternatives across our portfolio, including project- and site-level financing structures designed to maximize shareholder value. Together, we are actively pursuing numerous capital initiatives to fund our AI and HPC growth strategy while maintaining a disciplined approach to capital formation and minimizing unnecessary shareholder dilution. We believe the combination of powered infrastructure, operational execution and thoughtful capital formation positions Big Digital to capitalize on one of the most compelling opportunities in digital infrastructure today.”
Strategic & Business Updates
Corporate & Governance Updates
Earnings Call and Webcast Information:
Big Digital Energy will host a conference call at 5:00 p.m. Eastern Time today, which will include a brief discussion of results followed by a question-and-answer period. To participate in this event, please log on or dial in approximately 5 minutes before the beginning of the call.
Date: August 12, 2026
Time: 5:00 p.m. ET
Participant Call Links:
Footnotes
1 Adjusted EBITDA is a financial measure not presented in accordance with generally accepted accounting principles (“GAAP”) (a “Non-GAAP Financial Measure”). Please see “Non-GAAP Financial Measures” at the end of this press release for a reconciliation to net loss, the most directly comparable GAAP measure, and additional information regarding the limitations and use of this measure.
About Big Digital Energy, Inc.
Big Digital Energy, Inc. (Nasdaq: “BGDE”) is a U.S.-based technology company that designs, builds, and operates next-generation digital infrastructure platforms. The Company provides services spanning artificial intelligence (“AI”), high-performance computing (“HPC”), digital assets (including Bitcoin mining), and other intensive compute applications. The Company delivers both self-mining operations and colocation/hosting for enterprise customers, with a vertically integrated infrastructure model built for scalability and efficiency.
A core part of the Company’s strategy is identifying and advancing sites positioned to support high-performance compute with the infrastructure required for long-term deployment. With approximately 129 megawatts of energized capacity and additional capacity under development, the Company is positioning itself as a competitive provider of digital infrastructure solutions to support the demand for AI data centers.
CAUTIONARY LANGUAGE ON FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding the expected benefits of the joint venture, the deployment of assets, revenue growth, and the Company’s strategic initiatives. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “project,” “target,” “will,” “would,” “subject to,” and similar expressions.
These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. In addition, statements regarding the Tensor IQ letter of intent, the Hood County development project, projected lease-related revenue, anticipated GPU deployment, planned capacity, commercialization opportunities, customer demand, and targeted in-service dates are subject to significant risks and uncertainties, including, without limitation: the non-binding nature of the LOI; the possibility that definitive agreements are not negotiated, executed, or consummated on anticipated terms or at all; the creditworthiness, performance, and continued participation of Tensor IQ, 10NetZero, Texas Load House, or other counterparties. Important factors include, without limitation: the Company’s ability to continue as a going concern; the Company’s ability to maintain its Nasdaq listing; the need for and availability of additional financing; the Company’s ability to obtain any required stockholder approvals and to file and maintain the effectiveness of any required registration statements; availability and cost of power, grid interconnection and build-out timing; the feasibility, permitting, and development of any behind-the-meter generation; execution risks in developing AI/HPC digital infrastructure; market demand for AI/HPC and accelerated computing; evolving and uncertain regulation of digital assets, artificial intelligence, and high-performance computing; volatility in digital asset prices and reductions in mining incentives; and the other risks described under “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and in other filings made with the SEC from time to time. Any forward-looking statements speak only as of the date of this report, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this report, except as required by law.
Non-GAAP Financial Measures
Adjusted EBITDA
In addition to net loss and other results under GAAP, we utilize non-GAAP calculations of adjusted earnings before interest, taxes, depreciation, and amortization (“Adjusted EBITDA”) to monitor the financial health of our business. Adjusted EBITDA is defined as net loss, excluding (i) interest expense, (ii) provision for (benefit from) income taxes, (iii) depreciation and amortization, (iv) share-based compensation, (v) remeasurement gains and losses such as fair value remeasurements on our digital assets, convertible notes, and SAFE notes, and (vi) impairments, restructuring charges, and business acquisition- or disposition-related expenses that we believe are not indicative of our core operating results. This non-GAAP financial information has limitations as an analytical tool when assessing our operating performance, is presented for supplemental informational purposes only, should not be considered in isolation or as a substitute for, or superior to, financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP measures used by other companies.
The above items are excluded from our Adjusted EBITDA measure because these items are non-cash in nature, or because the amount and timing of these items are unpredictable, are not driven by core results of operations, and/or render comparisons with prior periods and competitors less meaningful. We believe Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our results of core operations, as well as providing a useful measure for period-to-period comparisons of our business performance. Moreover, Adjusted EBITDA is a key measurement used by our management internally to make operating decisions, including those related to operating expenses, evaluate performance, and perform strategic planning and annual budgeting.
The following table presents a reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure, net loss:
CONTACT
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Website: www.bigdigital.energy