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Digi Power X Maintains Strong Cash and Crypto Position with Debt-Free Operations and Reports April 2025 Production Results
MIAMI, May 01, 2025 (GLOBE NEWSWIRE) -- Digi Power X Inc. (“ Digi Power X ” or ...
About this update from Digi Power X Inc.
[{"type":"text","content":"Digi Power X Maintains Strong Cash and Crypto Position with Debt-Free Operations and Reports April 2025 Production Results\n\n\n\n MIAMI, May 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), a vertically integrated power infrastructure company focused on developing cutting-edge data centers for high-performance computing, is pleased to provide unaudited production results for the month ended April 30, 2025, combined with an operations update. All monetary references are expressed in USD unless otherwise indicated.\n \n\n\n Monthly\n \n\n Production\n \n\n Highlights for\n \n\n April\n \n\n 2025\n \n\n\n\n The Company held cash, Bitcoin (“\n \n BTC\n \n ”) and cash deposits of approximately $10.2 million as of April 30, 2025, as compared to $10.3 million on March 31, 2025 (based on a BTC price of $94,000 as of April 30, 2025, and $83,500 as of March 31, 2025, per CoinMarketCap).\n \n\n\n\n\n The Company earned gross energy and power revenue of approximately $0.7 million in April 2025 through the provision of power capacity to market customers.\n \n\n\n\n\n Miners running at the Company’s facilities produced approximately 30 BTC during the month between self-mining and colocation agreements, representing an approximate value of $2.8 million (based on a BTC price of $94,000 as of April 30, 2025, per CoinMarketCap).\n \n\n\n\n\n The Company has invested approximately $1.9 million year-to-date in capital expenditures and mining infrastructure support equipment. This continued significant investment underscores the Company’s commitment to long-term growth while maintaining a disciplined approach to capital allocation, prioritizing self-funding to minimize equity dilution for shareholders when possible, while still retaining a clean balance sheet with no long-term debt to bolster the Company’s flexible capital deployment strategies.\n \n\n Digi Power X continues to operate with zero long-term debt, supporting its capital flexibility and commitment to self-funding. The company maintains a disciplined capital strategy, avoiding dilution where possible while retaining the ability to scale aggressively.\n \n\n\n\n\n Operations Update\n \n\n\n The Company currently operates with approximately 100...