D
Digi Power X Inc.
DGXXCIK 0001854368NasdaqEmerging GrowthFinance ServicesA1FY ends Dec 31
Period
FY 2025
Revenue
$34.19M
Net Income
$-28.36M
Total Assets
$134.11M
Equity
$123.26M
Shares Out
72.83M
Op. Cash Flow
$-25.54M
Business
Digi Power X Inc. is an energy infrastructure company that develops and operates data centers and integrated power assets to support energy‑intensive computing, including Bitcoin mining. It provides Bitcoin mining operations, colocation and hosting services, onsite power generation via a 60 MW gas‑fired plant, and development of high‑performance computing and AI‑focused data center services through a dedicated subsidiary. Its business is organized across self‑mining, colocation/hosting, power generation and an AI/HPC data center development division. The company operates mining facilities in New York and Alabama, sources energy from both grid and onsite generation, participates in mining pools, and transacts mined Bitcoin through digital asset exchanges.
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Total revenue | 34 | 37 | |
| Cost of revenue | −30 | −33 | |
| Depreciation and amortization | −7 | −16 | |
| Gross loss | −3 | −11 | |
| General and administrative expenses | −16 | −7 | |
| Foreign exchange gain (loss) | −3 | 5 | |
| Gain on sale of digital currencies | 1 | 2 | |
| Change in fair value of loan and salaries payable | −171,325 | −793,606 | |
| Gain (loss) on revaluation of digital currencies | −4 | 898,691 | |
| Total operating expenses | −23 | −385,669 | |
| Other income | 750 | 13,784 | |
| Change in fair value of investment | 642,487 | 50,159 | |
| Loss on settlement of debt | −153,200 | — | |
| Net financial expenses | 285,873 | 877 | |
| Gain (loss) from change in fair value of warrant liability | −3 | −723,529 | |
| Gain on sale of property, plant and equipment | 280,000 | — | |
| Total other income (expenses) | −2 | −658,709 | |
| Net loss for the year attributable to common shareholders | −28 | −12 | |
| Foreign currency translation adjustment | 3 | −5 | |
| Comprehensive loss for the year attributable to common shareholders | −25 | −18 | |
| Non-controlling interests | — | — | |
| Non-controlling interests | — | — | |
| Basic (in Dollars per share) | −0.64 | −0.4 | |
| Diluted (in Dollars per share) | −0.64 | −0.4 | |
| Basic (in Shares) | 44 | 31 | |
| Diluted (in Shares) | 44 | 31 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 78 | 2 | — | |
| Digital currencies | 15 | 5 | 822,884 | |
| Current portion of amounts receivable and other assets | 2 | 384,939 | — | |
| Other receivable | 44,000 | 44,000 | — | |
| Total current assets | 95 | 7 | — | |
| Property, plant and equipment, net | 23 | 24 | — | |
| Operating lease right-of-use assets | — | 117,205 | 391,444 | |
| Intangible asset | 926,339 | 1 | — | |
| Amounts receivable and other assets, net of current portion | 14 | 2 | — | |
| Investment | 2 | 900,844 | 850,685 | |
| Total assets | 134 | 34 | — | |
| Accounts payable and accrued liabilities | 6 | 7 | — | |
| Current portion of operating lease liabilities | — | 51,112 | — | |
| Current portion of loans payable | — | 77,564 | 610,340 | |
| Warrant liabilities | 2 | 3 | — | |
| Total current liabilities | 9 | 10 | — | |
| Deposits payable | 2 | 2 | — | |
| Lease liabilities, net of current portion | — | 75,685 | — | |
| Total liabilities | 11 | 12 | — | |
| Subordinate voting shares, no par value, unlimited shares authorized; 69,427,788 shares and 33,011,600 shares issued and outstanding at December 31, 2025 and 2024, respectively | — | — | — | |
| Proportionate voting shares, no par value, unlimited shares authorized; 3,333 shares and 3,333 shares issued and outstanding at December 31, 2025 and 2024, respectively | — | — | — | |
| Additional paid-in capital | 216 | 90 | — | |
| Accumulated deficit | −89 | −61 | — | |
| Accumulated other comprehensive income (loss), net | −4 | −7 | — | |
| Total shareholders equity attributable to shareholders | 123 | 22 | — | |
| Non-controlling interest | — | 279,430 | — | |
| Total shareholders equity | 123 | 22 | 35 | |
| Total liabilities and shareholders equity | 134 | 34 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Net loss for the year | −28 | −12 | |
| Digital currencies items | −15 | −22 | |
| Depreciation of right-of-use assets | 29,303 | 102,197 | |
| Depreciation and amortization | 7 | 16 | |
| Interest on lease liabilities | 5,742 | 24,707 | |
| Share based compensation | 8 | 3 | |
| Lease modification | −9,637 | — | |
| Change in fair value of investment | −642,487 | −50,159 | |
| Accretion on liability | 566 | 38,413 | |
| Foreign exchange loss (gain) | 3 | −6 | |
| RSUs settled in cash | −1 | — | |
| Working capital items | −2 | 3 | |
| Net cash used in operating activities | −26 | −18 | |
| Purchases and deposits on property, plant and equipment | −17 | −4 | |
| Proceeds from sale of property, plant and equipment | 280,000 | — | |
| Acquisition of digital currencies | −6 | — | |
| Digital currencies traded for cash | 11 | 19 | |
| Net cash (used in) provided by investing activities | −12 | 15 | |
| Proceeds from pre-funded warrants | 2 | — | |
| Proceeds of shares issued for cash, net of issuance costs | 105 | 4 | |
| Proceeds from exercise of warrants and options | 8 | — | |
| Return of proceeds to non-controlling interest | −1 | 1 | |
| Repayment of mortgage | — | −400,500 | |
| Repayment of loans payable | −78,130 | −317,559 | |
| Lease payments | −35,000 | −109,980 | |
| Net cash provided by financing activities | 115 | 4 | |
| Net change in cash | 77 | 1 |
Filings
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