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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
This news release constitutes a “designated news release” for the purposes of the C...
About this update from Digi Power X Inc.
[{"type":"text","content":"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\n\n\n\n\n This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated May 30, 2025 to its short form base shelf prospectus dated May 15, 2025.\n \n\n\n MIAMI, Aug. 04, 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 data centers, is pleased to provide unaudited comparative Bitcoin (“\n \n BTC\n \n ”) production results for the month ended July 31, 2025, combined with an operations update. All monetary references are expressed in U.S. dollars unless otherwise indicated.\n \n\n During the past month, the Company participated, and continues to actively participate, in a variety of load curtailment programs that reduce BTC mining costs, as summer capacity pricing has been historically high. By contributing and performing in these load reduction programs, the Company has seen a reduction in its BTC mining costs, in addition to being able to provide crucial grid reliability to surrounding electric consumers.\n \n\n\n Monthly\n \n\n Production\n \n\n Highlights for\n \n\n July\n \n\n 2025\n \n\n\n\n The Company held cash, BTC, Ethereum (“\n \n ETH\n \n ”) and cash deposits of approximately $30 million as of July 31, 2025, as compared to $13.5 million on June 30, 2025 (based on a BTC price of $117,200 as of July 31, 2025 and $107,750 as of June 30, 2025, per CoinMarketCap), representing an increase of 122% over the previous month.\n \n\n\n\n Digi Power X expanded its inventory of BTC from approximately 40 coins as of June 30, 2025 to 61 coins as of July 31, 2025, representing an increase of 51% over the previous month, through its mining activities and the purchase of BTC.\n \n\n\n\n Diversified its crypto holdings with the conversion of cash into ETH during the month, bringing total ETH holdings to 516.64, representing a fair market value of approximately $1.9 million as of July 31, 2025 (based on a ETH price of $3,700 as of July 31, 2025 per CoinMarketCap).\n \n\n\n\n The value of coins produced at the Company’s fac...