Digi Power Reports 115% Quarterly Revenue Growth in Q1 2025, Maintains Debt-Free Operations and Strengthens Cash Position
Digi Power X (NASDAQ: DGXX) reported strong Q1 2025 financial results with total revenue reaching $12.1 million, marking a 115% increase from Q4 2024's $5.63 million. The revenue mix comprised 75% from mining ($9.1 million, up 78%) and 25% from energy sales ($3.0 million, up 436%).
The company maintained its debt-free status while strengthening its cash position to $10.3 million as of March 31, 2025, compared to $10.0 million in December 2024. Capital expenditures for Q1 2025 totaled $4.1 million, focused on mining infrastructure and carbon compliance.
Currently operating with 100MW of available power across three sites, Digi Power X aims to expand to 200MW. Through its new subsidiary, US Data Centers, the company plans to transform its Columbiana, Alabama site into a Tier 3 data center for AI and HPC workloads, with implementation starting in Q2 2025.
Digi Power X (NASDAQ: DGXX) ha riportato risultati finanziari solidi per il primo trimestre del 2025, con un fatturato totale di 12,1 milioni di dollari, segnando un aumento del 115% rispetto ai 5,63 milioni di dollari del quarto trimestre del 2024. La composizione dei ricavi era costituita per il 75% da attività di mining (9,1 milioni di dollari, in aumento del 78%) e per il 25% da vendite di energia (3,0 milioni di dollari, in aumento del 436%).
L'azienda ha mantenuto il suo status senza debiti rafforzando la sua posizione di liquidità a 10,3 milioni di dollari al 31 marzo 2025, rispetto ai 10,0 milioni di dollari di dicembre 2024. Le spese in conto capitale per il primo trimestre del 2025 sono ammontate a 4,1 milioni di dollari, concentrandosi su infrastrutture di mining e conformità al carbonio.
Attualmente operando con 100MW di potenza disponibile in tre siti, Digi Power X mira ad espandere a 200MW. Attraverso la sua nuova filiale, US Data Centers, l'azienda prevede di trasformare il suo sito a Columbiana, Alabama, in un data center di livello 3 per carichi di lavoro AI e HPC, con implementazione che inizierà nel secondo trimestre del 2025.
Digi Power X (NASDAQ: DGXX) reportó resultados financieros sólidos para el primer trimestre de 2025, con ingresos totales alcanzando 12,1 millones de dólares, marcando un aumento del 115% en comparación con los 5,63 millones de dólares del cuarto trimestre de 2024. La mezcla de ingresos consistió en un 75% de minería (9,1 millones de dólares, un aumento del 78%) y un 25% de ventas de energía (3,0 millones de dólares, un aumento del 436%).
La empresa mantuvo su estatus libre de deudas mientras fortalecía su posición de efectivo a 10,3 millones de dólares al 31 de marzo de 2025, en comparación con 10,0 millones de dólares en diciembre de 2024. Los gastos de capital para el primer trimestre de 2025 totalizaron 4,1 millones de dólares, enfocados en infraestructura de minería y cumplimiento de carbono.
Actualmente operando con 100MW de potencia disponible en tres sitios, Digi Power X tiene como objetivo expandirse a 200MW. A través de su nueva subsidiaria, US Data Centers, la empresa planea transformar su sitio en Columbiana, Alabama, en un centro de datos de nivel 3 para cargas de trabajo de IA y HPC, con la implementación comenzando en el segundo trimestre de 2025.
Digi Power X (NASDAQ: DGXX)는 2025년 1분기 강력한 재무 결과를 보고하며 총 수익이 1210만 달러에 달해 2024년 4분기의 563만 달러에 비해 115% 증가했다고 발표했습니다. 수익 구성은 75%가 채굴에서 발생했으며 (910만 달러, 78% 증가) 25%는 에너지 판매에서 발생했습니다 (300만 달러, 436% 증가).
회사는 부채 없는 상태를 유지하면서 2025년 3월 31일 기준으로 현금 보유액을 1030만 달러로 강화했으며, 이는 2024년 12월의 1000만 달러에 비해 증가한 수치입니다. 2025년 1분기 자본 지출은 410만 달러로, 채굴 인프라와 탄소 준수에 집중되었습니다.
현재 세 곳에서 100MW의 가용 전력을 운영하고 있는 Digi Power X는 200MW로 확장할 계획입니다. 새로운 자회사인 US Data Centers를 통해 이 회사는 앨라배마주 콜럼비아나에 있는 사이트를 AI 및 HPC 작업을 위한 Tier 3 데이터 센터로 변환할 계획이며, 구현은 2025년 2분기부터 시작될 예정입니다.
Digi Power X (NASDAQ: DGXX) a annoncé de solides résultats financiers pour le premier trimestre 2025, avec un chiffre d'affaires total atteignant 12,1 millions de dollars, marquant une augmentation de 115 % par rapport aux 5,63 millions de dollars du quatrième trimestre 2024. La répartition des revenus était de 75 % provenant de l'exploitation minière (9,1 millions de dollars, en hausse de 78 %) et de 25 % des ventes d'énergie (3,0 millions de dollars, en hausse de 436 %).
L'entreprise a maintenu son statut sans dette tout en renforçant sa position de liquidités à 10,3 millions de dollars au 31 mars 2025, contre 10,0 millions de dollars en décembre 2024. Les dépenses d'investissement pour le premier trimestre 2025 ont totalisé 4,1 millions de dollars, axées sur l'infrastructure minière et la conformité au carbone.
Actuellement opérationnelle avec 100MW de puissance disponible sur trois sites, Digi Power X vise à s'étendre à 200MW. Grâce à sa nouvelle filiale, US Data Centers, l'entreprise prévoit de transformer son site à Columbiana, Alabama, en un centre de données de niveau 3 pour les charges de travail d'IA et de HPC, avec une mise en œuvre prévue pour le deuxième trimestre 2025.
Digi Power X (NASDAQ: DGXX) hat starke Finanzzahlen für das erste Quartal 2025 veröffentlicht, mit einem Gesamtumsatz von 12,1 Millionen Dollar, was einem Anstieg von 115% im Vergleich zu 5,63 Millionen Dollar im vierten Quartal 2024 entspricht. Die Umsatzmischung bestand zu 75% aus Mining (9,1 Millionen Dollar, ein Anstieg von 78%) und zu 25% aus Energieverkäufen (3,0 Millionen Dollar, ein Anstieg von 436%).
Das Unternehmen behielt seinen schuldenfreien Status bei und stärkte seine Liquiditätsposition auf 10,3 Millionen Dollar zum 31. März 2025, verglichen mit 10,0 Millionen Dollar im Dezember 2024. Die Investitionsausgaben für das erste Quartal 2025 beliefen sich auf 4,1 Millionen Dollar und konzentrierten sich auf Mining-Infrastruktur und Kohlenstoffkonformität.
Aktuell mit 100MW verfügbarer Leistung an drei Standorten tätig, strebt Digi Power X eine Erweiterung auf 200MW an. Durch ihre neue Tochtergesellschaft, US Data Centers, plant das Unternehmen, seinen Standort in Columbiana, Alabama, in ein Tier-3-Rechenzentrum für KI- und HPC-Arbeitslasten umzuwandeln, wobei die Implementierung im zweiten Quartal 2025 beginnt.
- 115% quarterly revenue growth to $12.1 million
- 436% increase in energy sales revenue
- 78% growth in digital currency mining revenue
- Zero long-term debt maintained
- Cash position increased to $10.3 million
- Diversified revenue mix: 75% mining, 25% energy sales
- Capital expenditure of $4.1 million impacting cash flow
- Bitcoin price decline from $93,429 to $83,500 affecting revenue calculations
Insights
Digi Power X's Q1 2025 results reveal remarkable financial performance with
The company's revenue diversification strategy is yielding strong results, with mining operations generating
Their balance sheet remains exceptionally strong with zero long-term debt - a rarity in the capital-intensive digital infrastructure space. Despite
The planned expansion from 100MW to 200MW power capacity alongside the new US Data Centers subsidiary positions them strategically in the high-growth AI/HPC infrastructure market. Their disciplined capital allocation approach - prioritizing self-funding over dilution while maintaining financial flexibility - creates a solid foundation for sustainable growth in the competitive data center landscape.
Digi Power X's strategic pivot toward AI and HPC infrastructure through its new US Data Centers subsidiary represents perfect timing in the current compute-hungry market. Their approach of repurposing existing infrastructure in Columbiana for Tier 3 data center operations is technically sound and financially efficient.
The company's integrated model combining digital mining, energy sales, and data infrastructure creates technical synergies that pure-play competitors lack. Mining operations provide immediate revenue while building expertise in power management, cooling systems, and hardware deployment - all critical competencies for AI infrastructure.
Their 100MW current capacity with plans to double provides sufficient scale for meaningful AI workloads. Industry demand for AI compute is drastically outpacing supply, with hyperscalers competing for reliable power sources - precisely Digi Power's core competency.
The Q2 2025 timeline for implementing their AI data center strategy aligns with projected increases in specialized AI chip availability. Their debt-free position enables them to move quickly on hardware procurement when others might struggle with financing constraints. By leveraging cryptocurrency mining income to fund AI infrastructure development, they've created a self-reinforcing growth engine that bypasses traditional capital market constraints.
MIAMI, April 01, 2025 (GLOBE NEWSWIRE) -- Digi Power X Inc. (“Digi Power X” or the “Company”) (Nasdaq: DGXX / TSXV: DGX), an innovative energy infrastructure company that develops cutting-edge data centers, is pleased to provide unaudited comparative Bitcoin (“BTC”) production results for the first quarter ended March 31, 2025, combined with an operations update. The Company delivered significant revenue growth, maintained a strong balance sheet, and continued to execute on its capital investment strategy — all while remaining long-term debt free. All monetary references are expressed in USD unless otherwise indicated.
“Our first quarter performance underscores the strength of our integrated model — combining mining, energy sales, and data infrastructure,” said Michel Amar, CEO of Digi Power X. “We have positioned ourselves to scale quickly, responsibly, and without leverage, which is increasingly rare in this space. With a healthy balance sheet, zero long-term debt, and triple-digit revenue growth in the previous financial year, we believe the Company is well-positioned for the quarters ahead.”
First Quarter 2025 Highlights
- The Company’s total aggregate Q1 2025 revenue of approximately
$12.1 million (based on a BTC price of$83,500 as of March 31, 2025, per CoinMarketCap) represents an increase in quarterly revenue of approximately115% from total aggregate Q4 2024 revenue of$5.63 million (based on a BTC price of$93,429 as of December 31, 2024, per CoinMarketCap); - Revenue from digital currency mining of approximately
$9.1 million (based on a BTC price of$83,500 as of March 31, 2025, per CoinMarketCap) reported for the three-month period ended March 31, 2025, compared to$5.1 million (based on a BTC price of$93,429 as of December 31, 2024, per CoinMarketCap) for the three-month period ended December 31, 2024, an increase of approximately78% ; - The Company earned revenue from the sale of energy of approximately
$3.0 million during the three-month period ended March 31, 2025, compared to$0.56 million for the three-month period ended December 31 2024, an increase of approximately436% ; - The split of revenues for the quarter, being approximately
75% from mining and25% from energy sales, highlights the Company’s commitment to diversifying its revenue mix across synergistic verticals; - On a quarter-over-quarter basis, the Company’s cash, BTC and cash deposits totaled approximately
$10.3 million as of March 31, 2025, as compared to$10.0 million on December 31, 2024 (based on a BTC price of$83,500 as of March 31, 2025, and$93,429 as of December 31, 2024, per CoinMarketCap);
- On a month-over-month basis, the Company held cash, BTC and cash deposits of approximately
$10.3 million as of March 31, 2025, as compared to$10.1 million on February 28, 2025 (based on a BTC price of$83,500 as of March 31, 2025, and$84,373 as of February 28, 2025, per CoinMarketCap); - The Company expended approximately
$4.1 million in Q1 2025 on capital expenditures, mining infrastructure support equipment, deposits and required payments to ensure carbon compliance. This continued significant investment underscores the Company’s commitment to long-term growth while maintaining a disciplined approach to capital allocation, prioritizing self-funding to minimize equity dilution for shareholders when possible, while still retaining a clean balance sheet with zero long-term debt to bolster the Company’s flexible capital deployment strategies; - Digi Power X continues to operate with zero long-term debt, supporting its capital flexibility and commitment to self-funding. The company maintains a disciplined capital strategy, avoiding dilution where possible while retaining the ability to scale aggressively.
Operations Update
The Company currently operates with approximately 100MW of available power across its three sites and is working towards expansion to 200MW and beyond. The Company plans to fuel this growth using its existing asset portfolio, combined with strategic expansion through targeted acquisitions.
Tier III HPC Data Center Update
Earlier this quarter, the Company announced the formation of US Data Centers, Inc. (“US Data Centers”), a wholly-owned subsidiary of the Company dedicated to the development of high-performance computing (“HPC”) and artificial intelligence (“AI”)-focused data centers.
With the launch of US Data Centers, the Company is creating a dedicated platform focused on delivering AI and HPC solutions, ensuring purpose-built infrastructure for the next generation of computing. As its first major initiative, US Data Centers plans to lead the transformation of the Company’s existing site in Columbiana, Alabama into a state-of-the-art Tier 3 data center designed to support next-generation AI and HPC workloads. The Company plans to begin implementing this strategy in Q2 2025.
About Digi Power X
Digi Power X is an innovative energy infrastructure company that develops cutting-edge data centers to drive the expansion of sustainable energy assets.
For further information, please contact:
Michel Amar, Chief Executive Officer
Digi Power X Inc.
www.digipowerx.com
Investor Relations
T: 888-474-9222
Email: IR@digihostpower.com
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Except for the statements of historical fact, this news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes information about potential further improvements to profitability and efficiency across mining operations, including, as a result of the Company’s expansion efforts, potential for the Company’s long-term growth and clean energy strategy, and the business goals and objectives of the Company. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: risk related the Company’s strategic efforts to redevelop its existing infrastructure and provide data center services for HPC and AI applications; future capital needs and uncertainty of additional financing, including to support any potential acquisitions by the Company; share dilution resulting from equity issuances; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; effects on Bitcoin prices as a result of the most recent Bitcoin halving; development of additional facilities and installation of infrastructure to expand operations may not be completed on the timelines anticipated by the Company, or at all; ability to access additional power from the local power grid and realize the potential of the clean energy strategy on terms which are economic or at all; a decrease in cryptocurrency pricing, volume of transaction activity or generally, the profitability of cryptocurrency mining; further improvements to profitability and efficiency may not be realized; development of additional facilities to expand operations may not be completed on the timelines anticipated by the Company; ability to access additional power from the local power grid; an increase in natural gas prices may negatively affect the profitability of the Company’s power plant; the digital currency market; the Company’s ability to successfully mine digital currency on the cloud; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; and other related risks as more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company’s filings at www.sedarplus.ca and www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about: the current profitability in mining cryptocurrency (including pricing and volume of current transaction activity); profitable use of the Company’s assets going forward; the Company’s ability to profitably liquidate its digital currency inventory as required; historical prices of digital currencies and the ability of the Company to mine digital currencies on the cloud will be consistent with historical prices; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the negative impact of regulatory changes in the energy regimes in the jurisdictions in which the Company operates; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.
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