Digi Power X Reports 65% Increase in Q1 2025 Revenue Over Prior Quarter With no Long-Term Debt

Core Insights - Digi Power X Inc. reported a strong financial performance for Q1 2025, with quarterly revenue of $9.3 million, a 65$0.5 million, indicating a return to operational profitability [3][8]. Financial Performance - Revenue for Q1 2025 reached $9.3 million, up 65$5.6 million in Q4 2024 [8]. - The colocation vertical grew by 256% to $5.1 million, compared to$1.4 million in Q4 2024 [8]. - The sale of energy increased by 155% to $3.4 million, up from$1.3 million in Q4 2024 [8]. - Net loss narrowed to $1.7 million, a 63$4.6 million in Q4 2024 [8]. - Digital assets increased by 51% year-over-year to $4.4 million [8]. - Capital expenditures and energy deposits for Q1 2025 totaled$3.8 million, focused on Tier 3 data center development [8]. Strategic Development - The company owns 100% of its operational sites, providing long-term control over core assets [3]. - Digi Power X is developing a bespoke vertical Tier 3 AI data center solution, designed for next-generation NVIDIA workloads [3][4]. - The infrastructure development is in collaboration with a leader in AI data center logistics, focusing on advanced GPU architecture and energy efficiency [4]. - US Data Centers Inc., a subsidiary, is dedicated to developing the AI modular data center platform for rapid deployment across North America [5]. Market Outlook - The total value of coins mined and energy sales at the company's facilities was approximately $12.1 million in Q1 2025 [6]. - The company anticipates continued revenue growth in 2025, driven by rising demand for AI compute infrastructure and disciplined capital deployment [6]. - Digi Power X is pivoting towards Tier 3 AI data centers, which is expected to enhance shareholder value through 2025 and into 2026 [6].