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Digi Power X Reports 65% Increase in Q1 2025 Revenue Over Prior Quarter With no Long-Term Debt
MIAMI, May 15, 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 Reports 65% Increase in Q1 2025 Revenue Over Prior Quarter With no Long-Term Debt\n\n\n\n MIAMI, May 15, 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 a summary of the Company’s unaudited financial results for the three-month period ended March 31, 2025 (all amounts in U.S. dollars, unless otherwise indicated), and a 2025 year-to-date update on operations. The Company’s unaudited consolidated financial statements and management’s discussion and analysis (“\n \n MD&A\n \n ”) for the three-month period ended March 31, 2025, have been filed and made accessible under the Company’s continuous disclosure profile on SEDAR+ at www.sedarplus.ca and are also available on the SEC’s EDGAR website at www.sec.gov/edgar.\n \n\n\n Highlights for Q1 2025 are as follows:\n \n\n\n\n Revenue of $9.3 million, up 65% as compared to the fourth quarter of 2024, as the Company continued to diversify its revenue verticals through its colocation agreements and the sale of energy;\n \n\n Digi Power X’s colocation vertical grew by 256% to $5.1 million (Q4 2024: $1.4 million);\n \n\n The Company’s sale of energy vertical increased by 155% to $3.4 million (Q4 2024: $1.3 million);\n \n\n Positive EBITDA* of $0.5 million, marking a return to operational profitability as compared to the fourth quarter of 2024;\n \n\n Net loss narrowed to ($1.7 million), a 63% improvement compared to ($4.6 million) in Q4 2024;\n \n\n Digital assets increased by 51% from Q1 2024 to $4.4 million;\n \n\n First quarter 2025 capital expenditures and energy deposits totaled $3.8 million, focused on Tier 3 data center development and infrastructure.\n \n\n\n No long-term debt.\n \n\n\n Michel Amar, Chairman and CEO, stated:\n \n\n “With $9.3 million in quarterly revenue, positive EBITDA, nearly $10 million in liquidity, and zero long-term debt, Digi Power X is executing from a position of strength. Our strategically optimized approach—owning our sites, developing Tier 3 modular AI facilities, and collaborating with global leaders...