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Digi Power X Reports Solid Mid-Year Financial Position, Removal of 'Going Concern' Risk and Positive Adjusted EBITDA in Q2 2025
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 Solid Mid-Year Financial Position, Removal of ‘Going Concern’ Risk and Positive Adjusted EBITDA in Q2 2025\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. 14, 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 specializing in Tier 3 AI data centers, high-performance computing and sustainable digital asset operations, today announced its unaudited financial results for the three and six months ended June 30, 2025 (all amounts in U.S. dollars, unless otherwise indicated). The Company’s unaudited consolidated financial statements and management’s discussion and analysis (“\n \n MD&A\n \n ”) for the three and six-month period ended June 30, 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 Q2\n \n\n Highlights\n \n\n\n\n Going Concern Removed – Significant balance sheet improvements have eliminated the “going concern” risk previously disclosed in financial statements.\n \n\n Positive Adjusted EBITDA* achieved in Q2 2025, representing a major milestone toward sustainable profitability.\n \n\n Positive Working Capital Position\n \n\n Capital Raises – $6.6 million private placement + $4.5 million from warrant exercises = $12.9 million in Q2 2025.\n \n\n No long-term debts – Eliminated all loans payable and reduced accounts payable by more than $3.6 million since year-end 2024.\n \n\n Colocation revenue for the first six months of 2025 climbed to $9.57 million, a 163% increase year-over-year.\n \n\n\n\n\n\n Strategic & Operational Updates\n \n\n\n\n First B200 GPU Cluster Deployment on Track – In partnership with Super Micro Computers, Inc. (SMCI), the Company remains on schedule to have its first NVIDIA B200 GPU cluster fully operational by Q1 2026, marking a major milestone in its AI infrastructure roadmap.\n \n\n Advan...