Core Viewpoint - Digi Power X Inc. reported significant revenue growth and maintained a strong balance sheet while remaining long-term debt free, positioning itself well for future quarters [1][2]. Financial Performance - The total aggregate revenue for Q1 2025 was approximately 5.63 million [6]. - Revenue from digital currency mining was approximately 5.1 million in Q4 2024 [6]. - Revenue from energy sales reached approximately 0.56 million in Q4 2024 [6]. - The revenue split for the quarter was approximately 75% from mining and 25% from energy sales, indicating a commitment to diversifying revenue streams [6]. Operations Update - The company operates with approximately 100MW of available power and plans to expand to 200MW and beyond through existing assets and strategic acquisitions [4]. - Digi Power X continues to operate with zero long-term debt, enhancing its capital flexibility and commitment to self-funding [6]. Strategic Initiatives - The formation of US Data Centers, a wholly-owned subsidiary, aims to develop high-performance computing and AI-focused data centers [5][7]. - The first major initiative involves transforming the existing site in Columbiana, Alabama into a state-of-the-art Tier 3 data center to support next-generation AI and HPC workloads, with implementation planned for Q2 2025 [7].
Digi Power Reports 115% Quarterly Revenue Growth in Q1 2025, Maintains Debt-Free Operations and Strengthens Cash Position