Digi Power X Reports 65% Increase in Q1 2025 Revenue Over Prior Quarter With no Long-Term Debt
Digi Power X (NASDAQ: DGXX) reported strong Q1 2025 financial results, with revenue reaching $9.3 million, a 65% increase from Q4 2024. The company's colocation vertical saw remarkable growth of 256% to $5.1 million, while energy sales increased 155% to $3.4 million. The company achieved positive EBITDA of $0.5 million and reduced its net loss by 63% to $1.7 million.
The company is developing Tier 3 AI data centers, purpose-built for NVIDIA B200 and GB200 workloads, through its subsidiary US Data Centers Inc. With $10 million in liquidity, no long-term debt, and digital assets worth $4.4 million (up 51% YoY), Digi Power X is positioned for growth in AI compute infrastructure. The total value of mining operations and energy sales reached $12.1 million in Q1 2025.
Digi Power X (NASDAQ: DGXX) ha riportato solidi risultati finanziari nel primo trimestre del 2025, con ricavi pari a 9,3 milioni di dollari, in aumento del 65% rispetto al quarto trimestre del 2024. Il settore colocation dell'azienda ha registrato una crescita straordinaria del 256%, raggiungendo 5,1 milioni di dollari, mentre le vendite di energia sono cresciute del 155%, arrivando a 3,4 milioni di dollari. L'azienda ha raggiunto un EBITDA positivo di 0,5 milioni di dollari e ha ridotto la perdita netta del 63%, portandola a 1,7 milioni di dollari.
Attraverso la sua controllata US Data Centers Inc., la società sta sviluppando data center AI di livello Tier 3, progettati specificamente per i carichi di lavoro NVIDIA B200 e GB200. Con una liquidità di 10 milioni di dollari, nessun debito a lungo termine e asset digitali del valore di 4,4 milioni di dollari (in crescita del 51% su base annua), Digi Power X è ben posizionata per espandersi nell'infrastruttura di calcolo AI. Il valore totale delle operazioni di mining e delle vendite di energia ha raggiunto 12,1 milioni di dollari nel primo trimestre del 2025.
Digi Power X (NASDAQ: DGXX) reportó sólidos resultados financieros en el primer trimestre de 2025, con ingresos que alcanzaron los 9.3 millones de dólares, un aumento del 65% respecto al cuarto trimestre de 2024. La vertical de colocación de la compañía experimentó un crecimiento notable del 256%, llegando a 5.1 millones de dólares, mientras que las ventas de energía aumentaron un 155%, alcanzando 3.4 millones de dólares. La empresa logró un EBITDA positivo de 0.5 millones de dólares y redujo su pérdida neta en un 63%, hasta 1.7 millones de dólares.
La compañía está desarrollando centros de datos de IA de nivel Tier 3, diseñados específicamente para las cargas de trabajo NVIDIA B200 y GB200, a través de su subsidiaria US Data Centers Inc. Con 10 millones de dólares en liquidez, sin deuda a largo plazo y activos digitales por valor de 4.4 millones de dólares (un aumento del 51% interanual), Digi Power X está posicionada para crecer en infraestructura de computación de IA. El valor total de las operaciones de minería y ventas de energía alcanzó los 12.1 millones de dólares en el primer trimestre de 2025.
Digi Power X (NASDAQ: DGXX)는 2025년 1분기에 강력한 재무 실적을 보고했으며, 매출은 930만 달러로 2024년 4분기 대비 65% 증가했습니다. 회사의 콜로케이션 부문은 256%의 놀라운 성장으로 510만 달러를 기록했으며, 에너지 판매는 155% 증가하여 340만 달러에 달했습니다. 회사는 50만 달러의 긍정적인 EBITDA를 달성했고 순손실은 63% 감소하여 170만 달러로 줄었습니다.
자회사 US Data Centers Inc.를 통해 NVIDIA B200 및 GB200 워크로드에 특화된 Tier 3 AI 데이터 센터를 개발 중입니다. 1000만 달러의 유동성, 장기 부채 없음, 그리고 51% 증가한 440만 달러 상당의 디지털 자산을 보유한 Digi Power X는 AI 컴퓨팅 인프라 성장에 유리한 위치에 있습니다. 2025년 1분기 채굴 운영과 에너지 판매의 총 가치는 1210만 달러에 달했습니다.
Digi Power X (NASDAQ : DGXX) a annoncé de solides résultats financiers pour le premier trimestre 2025, avec un chiffre d'affaires atteignant 9,3 millions de dollars, soit une augmentation de 65 % par rapport au quatrième trimestre 2024. Le secteur colocation de l'entreprise a connu une croissance remarquable de 256 %, atteignant 5,1 millions de dollars, tandis que les ventes d'énergie ont augmenté de 155 % pour atteindre 3,4 millions de dollars. La société a réalisé un EBITDA positif de 0,5 million de dollars et réduit sa perte nette de 63 %, à 1,7 million de dollars.
Par l'intermédiaire de sa filiale US Data Centers Inc., l'entreprise développe des centres de données AI de niveau Tier 3, spécialement conçus pour les charges de travail NVIDIA B200 et GB200. Avec 10 millions de dollars de liquidités, aucune dette à long terme et des actifs numériques d'une valeur de 4,4 millions de dollars (en hausse de 51 % sur un an), Digi Power X est bien positionnée pour croître dans l'infrastructure de calcul AI. La valeur totale des opérations de minage et des ventes d'énergie a atteint 12,1 millions de dollars au premier trimestre 2025.
Digi Power X (NASDAQ: DGXX) meldete starke Finanzergebnisse für das erste Quartal 2025, mit einem Umsatz von 9,3 Millionen US-Dollar, was einem Anstieg von 65 % gegenüber dem vierten Quartal 2024 entspricht. Die Colocation-Sparte des Unternehmens verzeichnete ein bemerkenswertes Wachstum von 256 % auf 5,1 Millionen US-Dollar, während der Energieverkauf um 155 % auf 3,4 Millionen US-Dollar zunahm. Das Unternehmen erzielte ein positives EBITDA von 0,5 Millionen US-Dollar und verringerte seinen Nettoverlust um 63 % auf 1,7 Millionen US-Dollar.
Über seine Tochtergesellschaft US Data Centers Inc. entwickelt das Unternehmen Tier-3-KI-Rechenzentren, die speziell für NVIDIA B200- und GB200-Workloads konzipiert sind. Mit 10 Millionen US-Dollar Liquidität, keiner langfristigen Verschuldung und digitalen Vermögenswerten im Wert von 4,4 Millionen US-Dollar (ein Anstieg von 51 % im Jahresvergleich) ist Digi Power X gut positioniert für Wachstum im Bereich der KI-Computing-Infrastruktur. Der Gesamtwert der Mining-Operationen und Energieverkäufe erreichte im ersten Quartal 2025 12,1 Millionen US-Dollar.
- Revenue increased 65% QoQ to $9.3 million
- Colocation vertical grew 256% to $5.1 million
- Energy sales increased 155% to $3.4 million
- Achieved positive EBITDA of $0.5 million
- Net loss improved 63% to $1.7 million
- Digital assets increased 51% YoY to $4.4 million
- Zero long-term debt with $10 million in liquidity
- 100% ownership of operational sites
- Still operating at a net loss of $1.7 million
- Significant capital expenditure of $3.8 million in Q1
Insights
Digi Power X shows strong 65% QoQ revenue growth, achieves EBITDA profitability, and pivots toward AI infrastructure with zero long-term debt.
Digi Power X is executing a remarkable financial turnaround with revenue jumping 65% to
The return to positive EBITDA of
The balance sheet remains remarkably clean with zero long-term debt and approximately
The strategic pivot toward AI infrastructure through their US Data Centers subsidiary positions them to capitalize on the expanding AI compute market. By controlling
MIAMI, May 15, 2025 (GLOBE NEWSWIRE) -- Digi Power X Inc. (“Digi Power X” or the “Company”) (Nasdaq: DGXX / TSXV: DGX), a vertically integrated power infrastructure company focused on developing cutting-edge data centers for high-performance computing, is pleased to provide a summary of the Company’s unaudited financial results for the three-month period ended March 31, 2025 (all amounts in U.S. dollars, unless otherwise indicated), and a 2025 year-to-date update on operations. The Company’s unaudited consolidated financial statements and management’s discussion and analysis (“MD&A”) for the three-month period ended March 31, 2025, have been filed and made accessible under the Company’s continuous disclosure profile on SEDAR+ at www.sedarplus.ca and are also available on the SEC’s EDGAR website at www.sec.gov/edgar.
Highlights for Q1 2025 are as follows:
- Revenue of
$9.3 million , up65% as compared to the fourth quarter of 2024, as the Company continued to diversify its revenue verticals through its colocation agreements and the sale of energy; - Digi Power X’s colocation vertical grew by
256% to$5.1 million (Q4 2024:$1.4 million ); - The Company’s sale of energy vertical increased by
155% to$3.4 million (Q4 2024:$1.3 million ); - Positive EBITDA* of
$0.5 million , marking a return to operational profitability as compared to the fourth quarter of 2024; - Net loss narrowed to (
$1.7 million ), a63% improvement compared to ($4.6 million ) in Q4 2024; - Digital assets increased by
51% from Q1 2024 to$4.4 million ; - First quarter 2025 capital expenditures and energy deposits totaled
$3.8 million , focused on Tier 3 data center development and infrastructure. - No long-term debt.
Michel Amar, Chairman and CEO, stated:
“With
Significant Infrastructure Development
Digi Power X owns
The infrastructure is being developed in collaboration with a world leader in AI data center logistics, combining advanced GPU architecture with high-efficiency cooling, dual power path redundancy, and density-optimized layouts. These designs position the Company to deliver scalable, energy-optimized AI infrastructure to enterprise and institutional customers.
To support this initiative, US Data Centers Inc., a wholly owned subsidiary of Digi Power X, is dedicated to developing the Company’s AI modular data center platform, enabling rapid deployment and vertical integration of Tier 3-compliant AI environments across North America.
Outlook
The total value of coins mined at the Company’s facilities between self-mining and colocation agreements, coupled with the sale of energy, represented an approximate value of
About Digi Power X
Digi Power X is an innovative energy infrastructure company that is developing 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
Digi Power X 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 and data center 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: future capital needs and uncertainty of additional financing; 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 the Company’s Annual Report filed on 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, including the redevelopment of its facilities to enable the Company to utilize its existing power capacity to serve the HPC and AI industries; the Company’s ability to profitably pursue its data center development strategy on a timely basis or at all; 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.
* EBITDA – NON-IFRS MEASURE
EBITDA is a non-IFRS financial measure and should be read in conjunction with, and should not be viewed as an alternative to or replacement of, measures of operating results and liquidity presented in accordance with IFRS. Readers are referred to the reconciliations of non-IFRS measures included in the Company’s MD&A and in the table below.
The following table provides a reconciliation of net income to EBITDA for the three-month periods ending March 31, 2025:
A Table accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/be4a7292-6d1e-4560-8814-c898a0df110b
FAQ
What was DGXX's revenue growth in Q1 2025?
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