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.
MIAMI, June 10, 2025 (GLOBE NEWSWIRE) — Digi Power X Inc. (“Digi Power X” or the “Company”) (Nasdaq: DGXX / TSXV: DGX), an innovative energy infrastructure company that develops data centers, is pleased to announce the release of the following report to shareholders by Michel Amar, Chairman and Chief Executive Officer.
Dear Shareholders,
As we reach the halfway mark of 2025, I want to personally thank you for your continued support and belief in Digi Power X Inc., as we execute on our vision to be a leader in the convergence of artificial intelligence (AI) infrastructure and sustainable power. I am pleased to share our recent progress and where we are headed next.
From Digihost to Digi Power X
Earlier this year, we completed our corporate transformation from Digihost Technology Inc. (Nasdaq/TSXV: DGHI) to Digi Power X Inc. (Nasdaq: DGXX / TSXV: DGX). The change in our name reflects our strategic shift from being solely a blockchain infrastructure company to a broader energy and AI infrastructure platform. Our new identity better aligns with our mission to develop and operate power-optimized, Tier 3-ready data centers that will support next-generation compute, AI and high-performance workloads.
Strategic Partnership with Supermicro
One of the most meaningful developments this quarter was the launch of our partnership with Super Micro Computer, Inc. (Nasdaq: SMCI) (“Super Micro”), a global leader in high-performance, energy-efficient server technology. Together, we are building AI data center systems powered by NVIDIA’s B200 GPUs, to be implemented at our Alabama data center facility.
Our first deployment will be a high-performance AI compute cluster built with Super Micro’s liquid-cooled server infrastructure. This cluster will power the launch of our ARMS™ (AI-Ready Modular Solution) platform, a Tier 3-certified modular data center designed specifically for dense AI and HPC workloads.
Progress on Our AI Infrastructure
The ARMS 200, our flagship modular unit, is in final preparation for installation at our Tier 3 data center in Alabama. This planned deployment will serve as a live demonstration of our ability to deliver full-stack compute infrastructure quickly and reliably. It also sets the stage for further rollouts at additional high-power sites through our subsidiary, US Data Centers, Inc.
Our Vision and Market Opportunity
AI infrastructure is entering a new phase of growth, driven by massive demand for training, inference and enterprise deployment. Digi Power X sits at the intersection of AI, energy and infrastructure, with a vertically integrated approach that emphasizes speed, control and cost-efficiency.
Through our partnership with Super Micro, we plan to deliver:
- complete turnkey hosting systems built on top-tier hardware;
- modular platforms tailored for enterprise and government needs; and
- scalable, power-ready environments optimized for GPU acceleration
Our vision is to position Digi Power X as a preferred provider for modular, energy-backed AI infrastructure.
Financial Progress and Load Expansion
We are proud to report year-over-year revenue growth over the past fiscal year in our colocation and sale of energy revenue verticals, supported by solid performance across both our energy and infrastructure segments. In addition, we saw a revenue increase of approximately 64.5% in the first quarter of 2025, over the previous fiscal quarter. Our cash position remains strong, and we carry no long-term debt. This gives us the ability to pursue growth opportunities without compromising financial discipline. In addition, the interconnection load study for our New York site is expected to conclude in the coming months, which we anticipate will create new capacity and expansion potential on the East Coast.
Looking Ahead
We are executing with urgency and focus. Over the next several months, we plan to:
- launch the first ARMS 200 unit into production;
- begin scaling additional units across key regions;
- build upon our relationship with Super Micro to support broader system configurations; and
- sign initial anchor customers in AI, cloud, and enterprise markets
We are building the backbone of AI infrastructure: modular, scalable, and powered for what comes next.
Thank you again for your trust and continued support. We look forward to updating you as we execute on the next phase of growth at Digi Power X.
On behalf of the Board of Directors,
Michel Amar, Chairman and Chief Executive Officer
About
Digi Power X
Digi Power X is an innovative energy infrastructure company that develops data centers to drive the expansion of sustainable energy assets.
For further information, please contact:
Michel Amar, Chief Executive Officer
Digi Power X Inc.
www.digipowerx.com
Investor Relations
T: 888-474-9222
Email: [email protected]
Cautionary
Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other
regulatory
authority
has
approved
or
disapproved
the
information
contained
herein.
Neither
the
TSX
Venture
Exchange
nor its
Regulation
Services
Provider
(as
that
term
is
defined
in
the
policies
of
the
TSX
Venture
Exchange)
accepts
responsibility
for
the adequacy or accuracy of this release.
Forward-Looking
Statements
Except for the statements of historical fact, this news release contains “forward-looking information” and “forward-looking statements”
(collectively,
“forward-looking
information”)
that
are
based
on
expectations,
estimates
and
projections
as
at
the
date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes information about potential further improvements to profitability and efficiency across the Company’s operations, including, as a result of the Company’s expansion efforts, potential for the Company’s long-term growth and diversified energy deployment strategy, and the
business
goals
and
objectives
of
the
Company.
Factors
that
could
cause
actual
results
to
differ
materially
from
those
described in such forward-looking information include, but are not limited to: future capital needs and uncertainty of additional financing; share dilution resulting from equity issuances; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the
impact
of
depreciating
Bitcoin
prices
on
working
capital;
effects
on
Bitcoin
prices
as
a
result
of
the
most
recent
Bitcoin
halving; development of
additional facilities and
installation of
infrastructure to
expand operations may
not
be completed on the
timelines anticipated
by
the Company,
or
at
all;
ability
to access
additional
power
from
the
local
power
grid and realize the potential of the clean energy strategy on terms which are economic or at all;
a
decrease
in
cryptocurrency pricing,
volume
of
transaction
activity
or
generally,
the
profitability
of
cryptocurrency
mining;
further
improvements
to
profitability and
efficiency
may
not
be
realized;
development
of
additional
facilities
to
expand
operations
may
not
be
completed
on
the
timelines anticipated by the Company; ability to access additional power from the local power grid; an increase in natural gas prices may negatively
affect
the
profitability
of
the
Company’s
power
plant;
the
digital
currency
market;
the
Company’s
ability
to
successfully mine digital
currency on
the cloud; the Company
may not
be able
to profitably liquidate its
current
digital
currency
inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; and other related risks as more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company’s filings at
www.sedarplus.ca
and
www.SEC.gov/EDGAR.
The forward-looking information
in
this
news
release
reflects
the
current
expectations,
assumptions
and/or
beliefs
of
the
Company
based
on
information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company
has
made
assumptions
about, among other things,
the
current
profitability
in
mining
cryptocurrency
(including
pricing
and
volume
of
current transaction
activity);
profitable
use
of
the
Company’s
assets
going
forward;
the
Company’s
ability
to
profitably
liquidate
its
digital currency
inventory
as
required;
historical
prices
of
digital
currencies
and
the
ability
of
the
Company
to
mine
digital
currencies
on the cloud will be consistent with historical prices; the ability to maintain reliable and economical sources of power to run its cryptocurrency
mining
assets;
the
negative
impact
of
regulatory
changes
in
the
energy
regimes
in
the
jurisdictions
in
which
the
Company operates; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.
