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, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Digi Power X Inc. (“Digi Power X” or the “Company”) (Nasdaq: DGXX / TSXV: DGX), an innovative energy infrastructure company that develops data centers, today announced that its wholly owned subsidiary, US Data Centers, Inc. (“US Data Centers”), has been officially awarded Tier ...

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, Sept. 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 data centers, is pleased to provide unaudited comparative Bitcoin (“BTC”) production results for the month ended August 31, 2025, combined ...

Core Insights - Digi Power X Inc. has reported significant financial improvements, including the removal of going concern risk and achieving over $30 million in cash and equivalents, which includes approximately 80 Bitcoin and 715 Ethereum [5][7] - The company is positioned to capitalize on the expanding AI infrastructure market, with plans to deploy its first NVIDIA B200 GPU cluster by Q1 2026 and is in advanced negotiations for AI infrastructure contracts [5][8][12] Financial Performance - Positive Adjusted EBITDA was achieved in Q2 2025, marking a milestone towards sustainable profitability [7] - Colocation revenue for the first six months of 2025 reached $9.57 million, a 163% increase year-over-year [7] - Energy sales revenue grew 127% year-over-year in Q2 2025 to $5.7 million [7] - The company reported a net loss of $12.07 million for the six months ended June 30, 2025, compared to a net income of $0.08 million in the same period of 2024 [15] Strategic Developments - The company is on track to deploy its first B200 GPU cluster in partnership with Super Micro Computers, Inc. by Q1 2026 [7] - Digi Power X is in advanced discussions with multiple AI customers to secure long-term infrastructure contracts, which are expected to enhance revenue growth [7][12] - The company plans to expand its operational capacity from approximately 100MW to 200MW and beyond, leveraging its existing asset portfolio and targeted acquisitions [8] Capital and Liquidity - The company raised $12.9 million in Q2 2025 through a private placement and warrant exercises [7] - As of now, Digi Power X holds over $30 million in cash, Bitcoin, Ethereum, and cash equivalents, marking its strongest liquidity position in history [7] - Subsequent to the quarter-end, an additional $1.83 million was raised through warrant exercises [7] Market Outlook - The company anticipates continued strength in colocation and AI infrastructure deployments in the second half of 2025, driven by rising demand from enterprise AI, fintech, and data-intensive sectors [8][12] - Strong partnerships and enhanced liquidity position the company to pursue larger-scale projects, including planned expansions in Alabama and North Carolina [8]

Company Overview - Digi Power X Inc. is an innovative energy infrastructure company focused on developing data centers to support the expansion of sustainable energy assets [2][3]. Financial Results Announcement - The company plans to announce its financial results for the quarter ended June 30, 2025, after markets close on August 14, 2025 [2]. Operations Update - Along with the Q2 2025 interim financial results, the company will provide an update on its operations [2]. Forward-Looking Information - The news release contains forward-looking information regarding expectations for patent issuance, deployment of NVIDIA Blackwell 200 GPUs, and potential improvements in profitability and efficiency [4][5]. - The company anticipates long-term growth and a clean energy strategy as part of its business goals [4]. Risks and Assumptions - Factors that could affect actual results include uncertainties related to patent applications, equipment delivery timelines, capital needs, and cryptocurrency market volatility [4][5]. - The company has made several assumptions regarding profitability in cryptocurrency mining, the ability to liquidate digital currency inventory, and maintaining reliable power sources [5].

Core Viewpoint - Digi Power X Inc. reported significant growth in Bitcoin production and financial performance for July 2025, alongside advancements in its AI infrastructure and energy efficiency initiatives [1][7][10]. Financial Performance - As of July 31, 2025, the company held approximately $30 million in cash, Bitcoin, Ethereum, and cash deposits, marking a 122% increase from $13.5 million on June 30, 2025 [7]. - The company's Bitcoin inventory increased from approximately 40 coins to 61 coins, representing a 51% growth over the previous month [7]. - The total value of coins produced in July 2025 was approximately $4.3 million, with miners producing around 23 BTC valued at approximately $2.7 million [7]. - Gross energy and power revenue for July 2025 was approximately $1.6 million [7]. Operational Updates - The company is actively participating in load curtailment programs to reduce Bitcoin mining costs, which have been historically high during summer [2]. - Digi Power X operates with approximately 100MW of available power across three sites and aims to expand capacity to 200MW and beyond [12]. - The company has invested approximately $5.2 million year-to-date in capital expenditures and mining infrastructure support equipment [7]. Technological Developments - Digi Power X's subsidiary filed a provisional patent for the ARMS 200, a Tier 3-certified platform designed for high-density GPU workloads [4]. - Each ARMS 200 platform is designed to deliver 1 megawatt of compute and support up to 256 NVIDIA GPUs, with the first deployment scheduled at the Alabama site [5]. - The company executed a purchase order with Super Micro Computer Inc. for NVIDIA B200-powered systems to be deployed within the ARMS 200 infrastructure [8]. Future Initiatives - The company plans to scale its Bitcoin mining capacity through next-generation hydro-powered mining systems and advanced cooling technologies, expected to be operational by Q1 2026 [10]. - Digi Power X is in discussions to launch pilot testing programs for its GPU-as-a-Service platform, NeoCloud™, in Q4 2025 [9].

Core Viewpoint - Digi Power X Inc. has filed a provisional utility patent application for its ARMS 200 platform, which is a modular data center solution optimized for AI applications [1][4] Group 1: Product Development - The ARMS 200 is a Tier 3-certified modular data center platform capable of delivering 1 megawatt of compute capacity and supporting up to 256 NVIDIA GPUs [2] - The company plans to scale the ARMS 200 platform to 40 MW of critical power at its Alabama site, supporting approximately 10,240 NVIDIA GPUs [3] - The ARMS 200 platform integrates advanced features such as liquid cooling and dual-path power redundancy, developed in collaboration with Super Micro Computer, Inc. [3] Group 2: Strategic Partnerships - The partnership with Supermicro is crucial for the development and deployment of the ARMS 200 platform, with initial deployment scheduled for the fourth quarter of 2025 [4] - The company has placed a purchase order with Supermicro for NVIDIA B200-powered systems to support the ARMS 200 platform [4] Group 3: Financial Position - As of July 28, 2025, Digi Power X holds over $30 million in cash and cash equivalents with no long-term debt, positioning the company for growth [6]

Core Viewpoint - Digi Power X Inc. successfully closed a registered direct offering of 4,807,693 shares at a price of U.S.$3.12 per share, raising approximately U.S.$15 million, which strengthens its financial position with over U.S.$30 million in cash and no long-term debt [2][3][9] Financial Highlights - The offering generated gross proceeds of approximately U.S.$15 million before deducting fees and expenses [2][4] - Post-offering, the company holds over U.S.$30 million in cash and cash equivalents with zero long-term debt [3][8][9] Offering Details - The offering was made to a single new fundamental institutional investor, indicating growing interest in the company's scalable AI infrastructure strategy [3][9] - Titan Partners Group acted as the sole placement agent, receiving a 7% cash commission and purchase warrants [4][9] Strategic Use of Proceeds - Proceeds from the offering will be used to expand the deployment of NeoCloud Tier 3 AI infrastructure, accelerate manufacturing and global distribution of ARMS 200 pods, and support strategic joint ventures and energy deployments [9]

Core Viewpoint - Digi Power X Inc. has successfully entered into a securities purchase agreement for the sale of 4,807,693 shares at an offering price of U.S.$3.12 per share, resulting in gross proceeds of approximately U.S.$15 million, which will enhance its financial position and support its growth strategy in AI and digital infrastructure [2][3][9]. Financial Highlights - The offering is expected to close on or about July 22, 2025, subject to regulatory approval [4]. - Post-offering, the company will have over U.S.$30 million in cash and cash equivalents, with no long-term debt [3][9]. - The financing is aimed at solidifying the company's capital position as it transitions from deployment to monetization [4]. Strategic Initiatives - The funds will be utilized to expand the deployment of NeoCloud Tier 3 AI infrastructure powered by NVIDIA B200 and B300 chips [9]. - The company plans to accelerate the manufacturing and global distribution of its ARMS 200 pods [9]. - The financing will support strategic joint ventures and PPA-backed energy deployments, as well as non-dilutive financing initiatives [9]. Market Position - The offering reflects a growing interest in the company's scalable AI infrastructure strategy, particularly its proprietary ARMS 200 Tier 3 modular data center platform and NeoCloud GPU-as-a-Service infrastructure [3][9]. - Titan Partners Group is acting as the sole placement agent for this offering [4].

Core Viewpoint - Digi Power X Inc. has executed a purchase order with Super Micro Computer, Inc. to supply NVIDIA B200-powered systems for the launch of its NeoCloud AI infrastructure platform, marking a significant step towards revenue generation in the AI sector [1][3]. Group 1: Company Developments - The Supermicro systems will be deployed in Digi Power X's ARMS 200 pods, with the first deployment scheduled for the Alabama site in Q4 2025 [2]. - The company aims to generate substantial recurring revenue through high-performance GPU cloud rentals, with each megawatt of Tier 3 AI infrastructure expected to contribute significantly [3]. - Digi Power X is advancing the design of the ARMS 300 platform, targeting a total of 55 megawatts of Tier 3 AI infrastructure by 2026-2027 [4]. Group 2: Financial Strategy - The company plans to finance its growth through non-dilutive debt, leveraging platform-driven AI compute revenue to ensure predictable cash flow and strong margins while retaining full equity for shareholders [4]. - The business model is designed for a sub-three-year payback period, indicating a focus on financial efficiency and shareholder value [4]. Group 3: Market Positioning - Digi Power X is positioning itself as a first mover in the AI infrastructure market, aiming to deploy and monetize NVIDIA's Blackwell architecture at cloud scale [5]. - Following the Alabama deployment, additional ARMS 200 systems are planned for Upstate New York, indicating a strategic expansion of operations [5]. Group 4: Company Overview - Digi Power X is a vertically integrated AI and energy infrastructure company that designs and deploys modular Tier 3 data centers and offers enterprise-grade GPU compute through its NeoCloud portal [6].

Group 1 - Digi Power X Inc. has entered into a debt settlement agreement with NANO Nuclear Energy Inc., issuing 109,677 subordinate voting shares at a deemed price of C$3.10 per share to settle US$250,000 in accrued liabilities [1] - The settlement is expected to help Digi Power X preserve cash and support its AI and energy infrastructure initiatives [1] - The settlement is subject to regulatory approvals, including from the TSX Venture Exchange [1] Group 2 - The strategic consultation with NANO Nuclear regarding a feasibility study on small modular reactor (SMR) technology for Digi Power X's data centers is ongoing [2] - The study aims to assess the viability of SMR technology as a stable, clean, and long-term power source for the company's AI data center operations [2] - Results from the feasibility study will be reviewed in collaboration with NANO Nuclear upon completion [2] Group 3 - Digi Power X is focused on developing data centers to expand sustainable energy assets [3]