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Digi Power X Reports Fiscal Year 2025 Financial Results

DGXX
  • Digi Power X completed its fiscal year 2025 pivot from cryptocurrency mining to AI infrastructure, reporting zero debt & $93 million in total liquid assets ($78.5 million cash + $14.8 million digital currency holdings).
  • Total assets grew 291% to $134.1 million while shareholders' equity expanded 453% to $123.3 million, establishing a fortress balance sheet without leverage.
  • The company intends to wind down cryptocurrency mining revenue, which fell from $10.3 million in FY 2024 to $3.5 million in FY 2025, to focus on higher-margin AI services.
  • Recurring revenue streams grew with colocation services increasing 11% to $17.5 million & energy revenue surging 186% to $13.2 million.
  • Digi Power X holds a 400MW capacity pipeline across three sites: Alabama (70MW approved), Upstate New York (60MW hydro approved), & North Carolina (zoning approved).
  • The company secured 60MW of immediate hydroelectric power approval in Upstate New York to provide low-cost, sustainable energy for AI workloads.
  • The GPU-as-a-Service fleet is financed through customer deposits & equipment leases, projecting positive cash flow from day one with a 30-month ROI & an annualized run-rate of $120 million.
  • First AI revenues are expected in April 2026 following GPU testing completion at the Columbiana, Alabama facility.
  • Strategic goals for 2026-2027 include activating 90MW of colocation capacity & 10MW of GPU capacity to achieve a projected $282 million annualized run-rate.
  • The company reported a GAAP net loss of $28.4 million, primarily driven by non-cash items including share-based compensation & digital currency revaluation.
  • Fiscal 2026 capital expenditures total $17 million to date, fully funded by existing cash with zero external financing or equity dilution.
  • A non-binding letter of intent for a significant colocation agreement is currently in final negotiation & legal review.
  • The company granted 50,000 stock options & 50,000 restricted share units to an officer, with options vesting immediately & RSUs vesting over two years.