BGDE

EX-99.1

2 ea031094201_ex99-1.htm

PRESS RELEASE DATED NOVEMBER 5, 2026

Exhibit 99.1

Big Digital Energy Announces Third Quarter 2026 Results

Revenue of $8.7 million, up 41% QoQ

Acquired 30 acres of Hood County site with 10NetZero

Entered into LOI with Tensor IQ for planned Hood County AI/HPC campus

$4.9 million loan to 10NetZero was fully repaid to Big Digital in October

MIDLAND,

Pa., Nov. 5, 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 third quarter ended September 30, 2026.

Q3 2026 Financial Highlights

●Revenue: $8.7 million; 41% QoQ increase

○Digital Colocation Revenue: $2.4 million; 30% QoQ decrease

○Energy Management Revenue: $6.1 million; 132% QoQ increase

○Digital Assets Mining Revenue: $0.2 million; 374% QoQ increase

●Net Loss: ($6.5) million

●Adjusted EBITDA1 (Loss): ($3.4) million

●Stockholders’ Equity: $8.5 million

Q3 2026 Key Operating Metrics

●Energized Capacity: approximately 169 MW

●Additional Capacity at Hood County, Texas: approximately 17 MW

●Capacity Deployed under Six Thirty AI Agreement: approximately 20 MW

CEO Commentary

“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,” said Phil Stanley, Chief Executive Officer. “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.”

Mr. Stanley continued, “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.”

Mr. Stanley added, “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.”

Mr. Stanley concluded, “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.”

Strategic & Business Updates

●In July, Texas Load House, our 50/50 joint venture with 10NetZero, acquired 30 acres of the 50-acre Hood County, Texas site for approximately $10 million, with an option to purchase the remainder. The site has approximately 17 MW of energized capacity, with a pathway toward 111 MW of grid power subject to ERCOT validation.

●Texas Load House entered into a non-binding letter of intent with Tensor IQ for a planned AI/HPC campus at Hood County. The LOI contemplates up to 17 MW of gross capacity, an initial deployment of 7,748 NVIDIA B300 GPUs and availability targeted for the second quarter of 2027.

●In October, 10NetZero repaid in full and on time the $4.9 million loan the Company provided to fund part of its capital contribution for the Hood County acquisition.

●The Six Thirty AI arrangement is monetizing capacity that would otherwise have remained underutilized at our Midland, Pennsylvania facility. At full utilization, the arrangement covers approximately 25,000 miners and 75 MW of computing capacity.

●Management is actively evaluating additional powered assets for the Big Digital platform, including opportunities that leverage the broad portfolio of powered assets available through our affiliation with SixThirty.AI, which has a development pipeline of just under 600 megawatts.

●Northland Capital Markets remains engaged to help evaluate financing alte