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Digi Power X Reports 122% Month-Over-Month Increase in Cash and Crypto Position with No Long-Term Debt and Reports July 2025 Production Results
Globenewswire· 2025-08-04 11:30
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].