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Digi Power Reports 115% Quarterly Revenue Growth in Q1 2025, Maintains Debt-Free Operations and Strengthens Cash Position
MIAMI, April 01, 2025 (GLOBE NEWSWIRE) -- Digi Power X Inc. (“ Digi Power X ” o...
About this update from Digi Power X Inc.
[{"type":"text","content":"Digi Power Reports 115% Quarterly Revenue Growth in Q1 2025, Maintains Debt-Free Operations and Strengthens Cash Position\n\n\n\n MIAMI, April 01, 2025 (GLOBE NEWSWIRE) -- Digi Power X Inc. (“\n \n Digi Power X\n \n ” or the “\n \n Company\n \n ”) (Nasdaq: DGXX / TSXV: DGX), an innovative energy infrastructure company that develops cutting-edge data centers, is pleased to provide unaudited comparative Bitcoin (“\n \n BTC\n \n ”) production results for the first quarter ended March 31, 2025, combined with an operations update. The Company delivered significant revenue growth, maintained a strong balance sheet, and continued to execute on its capital investment strategy — all while remaining long-term debt free. All monetary references are expressed in USD unless otherwise indicated.\n \n\n “Our first quarter performance underscores the strength of our integrated model — combining mining, energy sales, and data infrastructure,” said Michel Amar, CEO of Digi Power X. “We have positioned ourselves to scale quickly, responsibly, and without leverage, which is increasingly rare in this space. With a healthy balance sheet, zero long-term debt, and triple-digit revenue growth in the previous financial year, we believe the Company is well-positioned for the quarters ahead.”\n \n\n\n First Quarter 2025 Highlights\n \n\n\n\n The Company’s total aggregate Q1 2025 revenue of approximately $12.1 million (based on a BTC price of $83,500 as of March 31, 2025, per CoinMarketCap) represents an increase in quarterly revenue of approximately 115% from total aggregate Q4 2024 revenue of $5.63 million (based on a BTC price of $93,429 as of December 31, 2024, per CoinMarketCap);\n \n\n\n\n Revenue from digital currency mining of approximately $9.1 million (based on a BTC price of $83,500 as of March 31, 2025, per CoinMarketCap) reported for the three-month period ended March 31, 2025, compared to $5.1 million (based on a BTC price of $93,429 as of December 31, 2024, per CoinMarketCap) for the three-month period ended December 31, 2024, an increase of approximately 78%;\n \n\n\n\n The Company earned revenue from the sale of energy of approximately $3.0 million during the three-month period ended March 31, 2025, compared to $0.56 million for the three-month period...