Latest news with #DigiPowerX
Globe and Mail
11 hours ago
- Business
- Globe and Mail
Digi Power X Maintains Strong Cash and Crypto Position With No Long-Term Debt and Reports May 2025 Production Results
This news release constitutes a 'designated news release' for the purposes of the Company's prospectus supplement dated May 30, 2025 to its short form base shelf prospectus dated May 15, 2025. MIAMI, June 02, 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 month ended May 31, 2025, combined with an operations update. All monetary references are expressed in U.S. dollars unless otherwise indicated. Monthly Production Highlights for May 2025 The value of coins produced at the Company's facilities between its self-mining and colocation agreements and energy sales was approximately $4.3 million in May 2025 (based on a BTC price of $105,000 as of May 31, 2025, per CoinMarketCap), representing an increase of 23% over the previous month. Miners running at the Company's facilities produced approximately 35 BTC during the month between self-mining and colocation agreements, representing an approximate value of $3.7 million (based on a BTC price of $105,000 as of May 31, 2025, per CoinMarketCap). The Company earned gross energy and power revenue of approximately $0.6 million in May 2025 through the provision of power capacity to market customers. The Company held cash, BTC and cash deposits of approximately $9.3 million as of May 31, 2025, as compared to $10.2 million on April 30, 2025 (based on a BTC price of $105,800 as of May 31, 2025, and $94,000 as of April 30, 2025, per CoinMarketCap). The decrease in position on a month over month basis was driven by investment in capital expenditures of approximately $0.6 million and the purchase of carbon emission credits of $0.2 million. The Company has invested approximately $2.5 million year-to-date in capital expenditures and mining infrastructure support equipment, including $0.6 million in May. 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, limiting dilution while retaining the ability to swiftly scale when the situation arises. Operations Update The Company currently operates with approximately 100MW of available power across its three sites and is working to expand its capacity to 200MW and beyond. The Company plans to fuel this growth using its existing asset portfolio, combined with strategic expansion through targeted acquisitions. Super Micro Collaboration The Company continues to develop its Tier 3 data center assets, invest in high density compute infrastructure, and pursue selective acquisitions to scale its power capacity and operating footprint. US Data Centers, Inc. (' US Data Centers ') is a wholly-owned subsidiary of the Company dedicated to the development of high-performance computing (' HPC ') and artificial intelligence (' AI ')-focused data centers. During the month of May, the Company announced that it had entered into a collaboration with Super Micro Computer, Inc. (NASDAQ: SMCI) to deploy customized B200 GPU rack solutions at the Company's newly developed data center in Alabama. The collaboration will begin with an initial deployment targeting operational readiness within 120 days, with full test operations expected during Q4 2025. This project lays the foundation for a broader expansion at the Alabama site, with plans to scale up to 22 megawatts (MW) in 2026 and 55 MW by 2027. Digi Power X's 5.5 MW Community Solar Project The Company is also pleased to provide an operational update on its 5.5 MW community solar array located in upstate New York and to share new developments regarding the integration of battery energy storage at its Buffalo facility. Since reaching commercial operation in September 2024, the 5.5 MW community solar project has generated nearly $100,000 in electricity bill credits for Digi Power X's East Delevan facility. Developed in partnership with a regional solar developer and energized pursuant to a long-term agreement announced in 2022, the project has significantly reduced operating costs and strengthened the Company's commitment to sustainability and long-term energy procurement stability. 'Our community solar initiative represents a core component of our ESG strategy,' said Michel Amar, Chief Executive Officer of Digi Power X. 'These energy savings not only drive economic value for our operations but also advance our broader vision of aligning blockchain computing with sustainable energy infrastructure.' In parallel with the success of the community solar array, Digi Power X is actively exploring the integration of a behind-the-meter battery energy storage system at its Buffalo site. This initiative would be pursued in conjunction with the New York State Energy Research and Development Authority's (NYSERDA) Retail Energy Storage Incentive Program, which supports the deployment of up to 5 MW of distributed energy storage per commercial site. By participating in this program, Digi Power X aims to further optimize its energy usage and reinforce grid stability, while contributing to New York State's ambitious target of deploying 6 gigawatts (GW) of energy storage by 2030, as outlined in the state's updated Energy Storage Roadmap. The prospective battery system would enhance onsite energy resilience and provide increased flexibility in energy management during grid stress events or market volatility. 'Our investment in renewable energy and now battery storage positions Digi Power X at the intersection of digital infrastructure and clean technology,' said Luke Marchiori, Chief Sustainability Officer at Digi Power X. 'We are proud to be a proactive partner in New York's energy transition and look forward to continued innovation that enhances both our operational excellence and environmental impact.' 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. Investor Relations T: 888-474-9222 Email: IR@ 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 the Company's 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 and 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, among other things, 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 applicable law.
Yahoo
15 hours ago
- Business
- Yahoo
Digi Power X Maintains Strong Cash and Crypto Position With No Long-Term Debt and Reports May 2025 Production Results
This news release constitutes a 'designated news release' for the purposes of the Company's prospectus supplement dated May 30, 2025 to its short form base shelf prospectus dated May 15, 2025. MIAMI, June 02, 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 month ended May 31, 2025, combined with an operations update. All monetary references are expressed in U.S. dollars unless otherwise indicated. Monthly Production Highlights for May 2025 The value of coins produced at the Company's facilities between its self-mining and colocation agreements and energy sales was approximately $4.3 million in May 2025 (based on a BTC price of $105,000 as of May 31, 2025, per CoinMarketCap), representing an increase of 23% over the previous month. Miners running at the Company's facilities produced approximately 35 BTC during the month between self-mining and colocation agreements, representing an approximate value of $3.7 million (based on a BTC price of $105,000 as of May 31, 2025, per CoinMarketCap). The Company earned gross energy and power revenue of approximately $0.6 million in May 2025 through the provision of power capacity to market customers. The Company held cash, BTC and cash deposits of approximately $9.3 million as of May 31, 2025, as compared to $10.2 million on April 30, 2025 (based on a BTC price of $105,800 as of May 31, 2025, and $94,000 as of April 30, 2025, per CoinMarketCap). The decrease in position on a month over month basis was driven by investment in capital expenditures of approximately $0.6 million and the purchase of carbon emission credits of $0.2 million. The Company has invested approximately $2.5 million year-to-date in capital expenditures and mining infrastructure support equipment, including $0.6 million in May. 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, limiting dilution while retaining the ability to swiftly scale when the situation arises. Operations Update The Company currently operates with approximately 100MW of available power across its three sites and is working to expand its capacity to 200MW and beyond. The Company plans to fuel this growth using its existing asset portfolio, combined with strategic expansion through targeted acquisitions. Super Micro Collaboration The Company continues to develop its Tier 3 data center assets, invest in high density compute infrastructure, and pursue selective acquisitions to scale its power capacity and operating footprint. US Data Centers, Inc. ('US Data Centers') is a wholly-owned subsidiary of the Company dedicated to the development of high-performance computing ('HPC') and artificial intelligence ('AI')-focused data centers. During the month of May, the Company announced that it had entered into a collaboration with Super Micro Computer, Inc. (NASDAQ: SMCI) to deploy customized B200 GPU rack solutions at the Company's newly developed data center in Alabama. The collaboration will begin with an initial deployment targeting operational readiness within 120 days, with full test operations expected during Q4 2025. This project lays the foundation for a broader expansion at the Alabama site, with plans to scale up to 22 megawatts (MW) in 2026 and 55 MW by 2027. Digi Power X's 5.5 MW Community Solar Project The Company is also pleased to provide an operational update on its 5.5 MW community solar array located in upstate New York and to share new developments regarding the integration of battery energy storage at its Buffalo facility. Since reaching commercial operation in September 2024, the 5.5 MW community solar project has generated nearly $100,000 in electricity bill credits for Digi Power X's East Delevan facility. Developed in partnership with a regional solar developer and energized pursuant to a long-term agreement announced in 2022, the project has significantly reduced operating costs and strengthened the Company's commitment to sustainability and long-term energy procurement stability. 'Our community solar initiative represents a core component of our ESG strategy,' said Michel Amar, Chief Executive Officer of Digi Power X. 'These energy savings not only drive economic value for our operations but also advance our broader vision of aligning blockchain computing with sustainable energy infrastructure.' In parallel with the success of the community solar array, Digi Power X is actively exploring the integration of a behind-the-meter battery energy storage system at its Buffalo site. This initiative would be pursued in conjunction with the New York State Energy Research and Development Authority's (NYSERDA) Retail Energy Storage Incentive Program, which supports the deployment of up to 5 MW of distributed energy storage per commercial site. By participating in this program, Digi Power X aims to further optimize its energy usage and reinforce grid stability, while contributing to New York State's ambitious target of deploying 6 gigawatts (GW) of energy storage by 2030, as outlined in the state's updated Energy Storage Roadmap. The prospective battery system would enhance onsite energy resilience and provide increased flexibility in energy management during grid stress events or market volatility. 'Our investment in renewable energy and now battery storage positions Digi Power X at the intersection of digital infrastructure and clean technology,' said Luke Marchiori, Chief Sustainability Officer at Digi Power X. 'We are proud to be a proactive partner in New York's energy transition and look forward to continued innovation that enhances both our operational excellence and environmental impact.' 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 OfficerDigi Power X RelationsT: 888-474-9222Email: IR@ Cautionary StatementTrading 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 the Company's 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 and 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, among other things, 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 applicable in to access your portfolio
Globe and Mail
3 days ago
- Business
- Globe and Mail
Digi Power X Establishes US$100 Million at-the-Market Equity Program to Accelerate Growth
This news release constitutes a 'designated news release' for the purposes of the Company's prospectus supplement dated May 30, 2025 to its short form base shelf prospectus dated May 15, 2025. MIAMI, May 30, 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 announce that it has entered into an at-the-market sales agreement (the ' ATM Agreement ') with A.G.P./Alliance Global Partners (the ' Agent '). At-the-Market Offering Pursuant to the ATM Agreement, the Company and the Agent will implement an 'at-the-market' equity offering program, under which the Agent may issue and sell from time to time such number of subordinate voting shares of the Company (the ' SV Shares ') having an aggregate offering price of up to US$100 million (the ' ATM Equity Program '). A cash commission of up to 3.0% on the aggregate gross proceeds raised under the ATM Equity Program will be paid to the Agent in connection with its services. The facility is intended as a flexible capital access tool to support Digi Power X's strategic roadmap. The Company intends to use the net proceeds of the ATM Equity Program, if any, primarily for general corporate purposes, including funding ongoing operations and/or working capital requirements, completing construction on the Company's data center, repaying indebtedness outstanding from time to time and completing potential acquisitions to expand mining capacity. 'This filing ensures we have access to low-cost growth capital only if and when needed,' said Michel Amar, Chief Executive Officer of Digi Power X. 'We are operating from a position of strength—debt-free, with solid cash reserves—and remain focused on scaling our AI-ready Modular Solution platform in collaboration with Super Micro, as previously announced.' Since the SV Shares will be distributed at trading prices prevailing at the time of the sale, prices may vary between purchasers during the period of distribution. The volume and timing of sales, if any, will be determined at the sole discretion of the Company's management and in accordance with the terms of the ATM Agreement. To date, no SV Shares have been distributed by the Company pursuant to the ATM Agreement. Sales of SV Shares, if any, under the ATM Equity Program are anticipated to be made in transactions that are deemed to be 'at-the-market distributions' as defined in National Instrument 44-102 Shelf Distributions, as sales made directly on the Nasdaq Capital Market or another trading market for the shares in the United States at the market price prevailing at the time of each sale. No SV Shares will be offered or sold under the ATM Equity Program on the TSX Venture Exchange or any other trading market in Canada. The ATM Equity Program may be terminated by either party at any time. The offer and sale of the SV Shares under the ATM Equity Program will be made by means of a prospectus supplement dated May 30, 2025 (the ' Prospectus Supplement ') to the Company's short form base shelf prospectus dated May 15, 2025 (the ' Base Shelf Prospectus ' and, together with the Prospectus Supplement, the ' Prospectus ') and U.S. registration statement on Form F-10 (the ' Registration Statement '), which includes the Base Shelf Prospectus. The Registration Statement was declared effective by the United States Securities and Exchange Commission (the ' SEC ') on May 20, 2025. The Prospectus has been filed with the applicable provincial regulatory authorities in Canada and the SEC. The Prospectus is available on the SEDAR+ website maintained by the Canadian Securities Administrators at and is available on the SEC's EDGAR website at This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction where the offer, sale or solicitation would be unlawful. The SV Shares referred to in this news release may not be offered or sold in the United States absent registration or an applicable exemption from registration. 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. Investor Relations T: 888-474-9222 Email: IR@ 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 statements with respect to the future issuance of SV Shares sold under the ATM Equity Program, the aggregate gross proceeds of the ATM Equity Program, the use of proceeds from any sales of SV Shares under the ATM Equity Program and information about potential further improvements to profitability and efficiency across the Company's 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: market conditions and other factors that may affect the Company's ability to utilize the ATM Equity Program and the prices at which the Company may sell SV Shares in the ATM Equity Program; 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; deployment of artificial intelligence and high-performance computing infrastructure 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 and 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, among other things, market conditions and other factors that may affect the Company's ability to utilize the ATM Equity Program and the prices at which the Company may sell SV Shares in the ATM Equity Program; the dilutive effect of issuances of SV Shares in the ATM Equity Program, 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 applicable law.
Globe and Mail
22-05-2025
- Business
- Globe and Mail
US Data Centers Inc., a Subsidiary of Digi Power X, to Collaborate With Super Micro for Initial Deployment of Customized B200 GPU Infrastructure
MIAMI, May 22, 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 announce that US Data Centers, Inc., a wholly owned subsidiary of the Company, has entered into a collaboration with Super Micro Computer, Inc. (NASDAQ: SMCI) to deploy customized B200 GPU rack solutions at the Company's newly developed data center in Alabama. The collaboration will begin with an initial deployment targeting operational readiness within 120 days, with full test operations expected during Q4 2025. This project lays the foundation for a broader expansion at the Alabama site, with plans to scale up to 22 megawatts (MW) in 2026 and 55MW by 2027. Michel Amar, Chief Executive Officer of the Company, commented: 'This collaboration marks a key step in expanding our company's AI and high-performance computing infrastructure.' 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. Investor Relations T: 888-474-9222 Email: IR@ 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 the Company's 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; deployment of artificial intelligence and high-performance computing infrastructure 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 and 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, among other things, 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 applicable law.
Yahoo
01-04-2025
- Business
- Yahoo
Digi Power X Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag
Revenue: US$37.0m (up 42% from FY 2023). Net loss: US$6.80m (loss narrowed by 69% from FY 2023). US$0.22 loss per share (improved from US$0.77 loss in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) exceeded analyst estimates by 32%. The company's shares are down 15% from a week ago. You still need to take note of risks, for example - Digi Power X has 5 warning signs (and 3 which are a bit concerning) we think you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
