Digi Power X Shifts to AI Infrastructure, Boosts Cash to $78.5M and Energy Revenue 186%
Digi Power X grew cash to $78.5 million and shareholders’ equity to $123.3 million in 2025 while cutting debt to zero as it shifted from cryptocurrency mining to AI infrastructure. Colocation revenue rose 11% to $17.5 million, energy revenue jumped 186% to $13.2 million, and net loss of $28.4 million.
1. Fiscal 2025 Financial Highlights
Digi Power X ended 2025 with cash and cash equivalents of $78.5 million, up from $1.7 million, total assets of $134.1 million and shareholders’ equity of $123.3 million, with zero debt. Total revenue declined to $34.2 million from $37 million, generating a net loss of $28.4 million and negative adjusted EBITDA of $3.2 million.
2. Strategic Shift to AI Infrastructure
The company reduced cryptocurrency mining operations, driving a planned revenue decline, and increased capital expenditures to $11 million from $3.8 million to fund AI-related infrastructure. It established US Data Centers as a majority-owned subsidiary and reallocated digital currency holdings from $4.5 million to $14.8 million valuation.
3. AI Data Center Capacity Expansion
Development includes planned capacity of approximately 400 megawatts across Alabama, New York and North Carolina sites. During 2025, the company secured approval for 60 megawatts of hydroelectric power in New York, expanded its North Carolina site to 40 acres and its Alabama site to over 50 acres with 70 megawatts approved.
4. Outlook and Future AI Revenues
Digi Power X expects to complete testing of its commissioned AI data center platform in April 2026, at which point it anticipates generating its first AI revenues. The company is also in discussions for a potential new colocation agreement to further monetize its AI infrastructure.