Digi Power X Inc. reported a net loss of approximately $28.4 million for the fiscal year ending December 31, 2025, compared to a net loss of $12.4 million in the previous year. The company's revenue decreased to $34.2 million from $37.0 million in 2024, primarily due to a significant reduction in bitcoin mining output, which fell to 34 bitcoins from 188 bitcoins the previous year. The average price of bitcoin mined increased to $101,640, but the overall decline in mining activity was attributed to the company's strategic pivot towards colocation services and AI infrastructure development.
In 2025, Digi Power X made substantial investments totaling approximately $11 million in capital expenditures, focusing on the development of its Tier III AI data center infrastructure. The company also expanded its power capacity, securing an additional 60 MW in Upstate New York, bringing its total available power to 196.7 MW across its facilities in Alabama and New York. The company’s workforce remained stable at 17 employees, with no significant changes reported in customer counts or user statistics.
The transition to AI and high-performance computing (HPC) services is a key strategic development for Digi Power X, as it aims to diversify its revenue streams beyond cryptocurrency mining. The company has initiated the deployment of its ARMS (AI-Ready Modular Solution) platform, with the first modular AI data center pod expected to be operational by the second quarter of 2026. Digi Power X is also in advanced negotiations for colocation and GPU-as-a-Service offerings, although no guarantees on contract finalization were provided.
The company’s financial position improved significantly, with total assets rising to $134.1 million from $34.3 million in 2024, largely due to increased cash reserves and digital currency holdings. As of December 31, 2025, Digi Power X held approximately 133 bitcoins and 1,009 Ethereum, valued at $11.8 million and $3.0 million, respectively. The company’s liquidity position remains strong, with a working capital balance of $86.3 million, which it plans to utilize for ongoing operational needs and future growth initiatives.
Looking ahead, Digi Power X aims to achieve carbon neutrality by 2026 and is actively pursuing renewable energy sources to support its operations. The company acknowledges the risks associated with its business model, including regulatory changes, market volatility, and competition in the cryptocurrency and AI sectors. Despite these challenges, Digi Power X remains committed to executing its growth strategy and expanding its infrastructure to meet the increasing demand for AI and HPC services.
About Digi Power X Inc.
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