{"id":876157,"date":"2025-08-14T18:51:14","date_gmt":"2025-08-14T22:51:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\/"},"modified":"2025-08-14T18:51:14","modified_gmt":"2025-08-14T22:51:14","slug":"digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\/","title":{"rendered":"Digi Power X Reports Solid Mid-Year Financial Position, Removal of \u2018Going Concern\u2019 Risk and Positive Adjusted EBITDA in Q2 2025"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <em>This news release constitutes a \u201cdesignated news release\u201d for the purposes of the Company\u2019s prospectus supplement dated May 30, 2025 to its short form base shelf prospectus dated May 15, 2025.<\/em>\n      <\/p>\n<p align=\"justify\">MIAMI, Aug.  14, 2025  (GLOBE NEWSWIRE) &#8212; Digi Power X Inc. (\u201c<strong>Digi Power X<\/strong>\u201d or the \u201c<strong>Company<\/strong>\u201d) (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\u2019s unaudited consolidated financial statements and management\u2019s discussion and analysis (\u201c<strong>MD&amp;A<\/strong>\u201d) for the three and six-month period ended June 30, 2025, have been filed and made accessible under the Company\u2019s continuous disclosure profile on SEDAR+ at www.sedarplus.ca and are also available on the SEC\u2019s EDGAR website at www.sec.gov\/edgar.<\/p>\n<p align=\"justify\">\n        <strong>Q2<\/strong><br \/>\n        <strong>Highlights <\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">Going Concern Removed \u2013 Significant balance sheet improvements have eliminated the \u201cgoing concern\u201d risk previously disclosed in financial statements.<\/li>\n<li style=\"margin-top:13.75pt;text-align:justify\">Positive Adjusted EBITDA* achieved in Q2 2025, representing a major milestone toward sustainable profitability.<\/li>\n<li style=\"margin-top:13.75pt;text-align:justify\">Positive Working Capital Position<\/li>\n<li style=\"margin-top:13.75pt;text-align:justify\">Capital Raises \u2013 $6.6 million private placement + $4.5 million from warrant exercises = $12.9 million in Q2 2025.<\/li>\n<li style=\"margin-top:13.75pt;text-align:justify\">No long-term debts \u2013 Eliminated all loans payable and reduced accounts payable by more than $3.6 million since year-end 2024.<\/li>\n<li style=\"margin-top:13.75pt;text-align:justify\">Colocation revenue for the first six months of 2025 climbed to $9.57 million, a 163% increase year-over-year.\n<\/li>\n<\/ul>\n<p>\n        <strong>Strategic &amp; Operational Updates<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:13.75pt;text-align:justify\">First B200 GPU Cluster Deployment on Track \u2013 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.<\/li>\n<li style=\"margin-top:13.75pt;text-align:justify\">Advanced AI Customer Discussions \u2013 The Company is in advanced discussions with multiple AI customers to secure long-term infrastructure contracts, which are expected to increase revenue growth once finalized.<\/li>\n<li style=\"margin-top:13.75pt;text-align:justify\">Increased Energy Sales Revenue \u2013 Energy sales grew 127% year-over-year in Q2 2025 to $5.7 million, monetizing power assets alongside core colocation services.<\/li>\n<li style=\"margin-top:13.75pt;text-align:justify\">Operational Streamlining \u2013 Reduced cost of revenue and depreciation expenses by over $6.3 million compared to the first half of 2024, positioning the Company for improved margins ahead.\n<\/li>\n<\/ul>\n<p>\n        <strong>Current Financial Position <\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">Strong Liquidity Position \u2013 As of today, Digi Power X holds over $30 million in cash, Bitcoin, Ethereum and cash equivalents, its strongest liquidity position in company history.<\/li>\n<li style=\"margin-top:13.75pt;text-align:justify\">Post-Quarter Capital Boost \u2013 Subsequent to quarter-end, the Company raised an additional $1.83 million through warrant exercises.\n<\/li>\n<\/ul>\n<p align=\"justify\">\u201cThe removal of the going concern risk and our achievement of over $30 million in cash and equivalents, including holdings of approximately 80 Bitcoin and 715 Ethereum, is a transformational moment for Digi Power X,\u201d said Michel Amar, Chief Executive Officer of the Company. \u201cWe now have the financial strength and operational momentum to capitalize on the rapidly expanding AI infrastructure market, with our first NVIDIA B200 GPU cluster set to go live in Q1 2026 and a pipeline of AI infrastructure contracts in advanced negotiations.\u201d<\/p>\n<p align=\"justify\">\n        <strong>Looking ahead<\/strong>\n      <\/p>\n<p align=\"justify\">The Company expects continued strength in colocation and AI infrastructure deployments in the second half of 2025, supported by rising demand from enterprise AI, fintech and data-intensive sectors. Strong partnerships and enhanced liquidity position Digi Power X to pursue larger-scale projects, including planned expansions in Alabama and North Carolina.<\/p>\n<p align=\"justify\">Digi Power X expects:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:12pt;text-align:justify\">Multiple AI customer contracts to be signed in Q4 2025<\/li>\n<li style=\"margin-bottom:12pt;text-align:justify\">First B200 GPU cluster operational in Q4 2025\/Q1 2026<\/li>\n<li style=\"margin-bottom:12pt;text-align:justify\">Continued colocation and AI infrastructure growth supported by strong partnerships and expanded capacity\n<\/li>\n<\/ul>\n<p>\n        <strong>Operations Update<\/strong>\n      <\/p>\n<p align=\"justify\">The Company currently operates with approximately 100MW of available power across its three sites and is working to expand its capacity to 200MW and beyond. The Company plans to fuel this growth using its existing asset portfolio, combined with strategic expansion through targeted acquisitions.<\/p>\n<p align=\"justify\">\n        <strong>At-the-Market Financing Update<\/strong>\n      <\/p>\n<p align=\"justify\">On May 30, 2025, the Company entered into an at-the-market sales agreement with A.G.P.\/Alliance Global Partners as sales agent (the \u201cAgent\u201d), pursuant to which the Company established an at-the-market equity program (the \u201cATM Program\u201d). From the commencement of the ATM Program through June 30, 2025, the Company issued 806,291 subordinate voting shares in exchange for gross proceeds of $1,759,800, at an average share price of $2.13, and received net proceeds of $1,715,597 after paying commissions of $44,203 to the Agent.<\/p>\n<p align=\"justify\">\n        <strong>About<\/strong><br \/>\n        <strong>Digi Power X<\/strong>\n      <\/p>\n<p align=\"justify\">Digi Power X is an innovative energy infrastructure company that develops data centers to drive the expansion of sustainable energy assets.<\/p>\n<p align=\"justify\">For further information, please contact:<\/p>\n<p align=\"justify\">Michel Amar, Chief Executive Officer<br \/>Digi Power X Inc.<br \/>www.digipowerx.com<br \/>Investor Relations<br \/>T: 888-474-9222<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=q1hAV7mR4CEuZShQB_ucrXQdvq4GSQK-2ilbuZlFAdvtzMx615w7z8YNFBbCOgamFoQxADVFcRyDffOAUGvj6FFcpUhzaHTDuNW9pErlgxc=\" rel=\"nofollow\" target=\"_blank\">IR@digihostpower.com<\/a><\/p>\n<p align=\"justify\">\n        <strong>Cautionary<\/strong><br \/>\n        <strong> Statement<\/strong><br \/>\n        <br \/>\n        <em>Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other<\/em><br \/>\n        <em>regulatory<\/em><br \/>\n        <em>authority<\/em><br \/>\n        <em>has<\/em><br \/>\n        <em>approved<\/em><br \/>\n        <em>or<\/em><br \/>\n        <em>disapproved<\/em><br \/>\n        <em>the<\/em><br \/>\n        <em>information<\/em><br \/>\n        <em>contained<\/em><br \/>\n        <em>herein.<\/em><br \/>\n        <em>Neither<\/em><br \/>\n        <em>the<\/em><br \/>\n        <em>TSX<\/em><br \/>\n        <em>Venture<\/em><br \/>\n        <em>Exchange<\/em><br \/>\n        <em>nor its<\/em><br \/>\n        <em>Regulation<\/em><br \/>\n        <em>Services<\/em><br \/>\n        <em>Provider<\/em><br \/>\n        <em>(as<\/em><br \/>\n        <em>that<\/em><br \/>\n        <em>term<\/em><br \/>\n        <em>is<\/em><br \/>\n        <em>defined<\/em><br \/>\n        <em>in<\/em><br \/>\n        <em>the<\/em><br \/>\n        <em>policies<\/em><br \/>\n        <em>of<\/em><br \/>\n        <em>the<\/em><br \/>\n        <em>TSX<\/em><br \/>\n        <em>Venture<\/em><br \/>\n        <em>Exchange)<\/em><br \/>\n        <em>accepts<\/em><br \/>\n        <em>responsibility<\/em><br \/>\n        <em>for<\/em><br \/>\n        <em>the adequacy or accuracy of this release.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking<\/strong><br \/>\n        <strong>Statements<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <em>Except for the statements of historical fact, this news release contains \u201cforward-looking information\u201d and \u201cforward-looking statements\u201d<\/em><br \/>\n        <em>(collectively,<\/em><br \/>\n        <em>\u201cforward-looking<\/em><br \/>\n        <em>information\u201d)<\/em><br \/>\n        <em>that<\/em><br \/>\n        <em>are<\/em><br \/>\n        <em>based<\/em><br \/>\n        <em>on<\/em><br \/>\n        <em>expectations,<\/em><br \/>\n        <em>estimates<\/em><br \/>\n        <em>and<\/em><br \/>\n        <em>projections<\/em><br \/>\n        <em>as<\/em><br \/>\n        <em>at<\/em><br \/>\n        <em>the<\/em><br \/>\n        <em>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 the Company\u2019s expectations concerning the timeline for implementing its strategic plans, including as part of its various partnerships; the strength of demand for AI-related and colocation services; the issuance of a patent in respect of the ARMS system, deployment of the NVIDIA Blackwell 200 GPUs and the timing for and impact of that deployment potential further improvements to profitability and efficiency across the Company\u2019s operations, including, as a result of the Company\u2019s expansion efforts, potential for the Company\u2019s long-term growth and clean energy strategy, and the<\/em><br \/>\n        <em>business<\/em><br \/>\n        <em>goals<\/em><br \/>\n        <em>and<\/em><br \/>\n        <em>objectives<\/em><br \/>\n        <em>of<\/em><br \/>\n        <em>the<\/em><br \/>\n        <em>Company.<\/em><br \/>\n        <em>Factors<\/em><br \/>\n        <em>that<\/em><br \/>\n        <em>could<\/em><br \/>\n        <em>cause<\/em><br \/>\n        <em>actual<\/em><br \/>\n        <em>results<\/em><br \/>\n        <em>to<\/em><br \/>\n        <em>differ<\/em><br \/>\n        <em>materially<\/em><br \/>\n        <em>from<\/em><br \/>\n        <em>those<\/em><br \/>\n        <em>described in such forward-looking information include, but are not limited to: results of provisional utility patent application are uncertain and may not result as anticipated by Company, including the issuance of a nonprovisional utility patent, which may not occur on a timely basis or at all; delivery of equipment and implementation of systems may not occur on the timelines anticipated by the Company, or at all; 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<\/em><br \/>\n        <em>impact<\/em><br \/>\n        <em>of<\/em><br \/>\n        <em>depreciating<\/em><br \/>\n        <em>Bitcoin<\/em><br \/>\n        <em>prices<\/em><br \/>\n        <em>on<\/em><br \/>\n        <em>working<\/em><br \/>\n        <em>capital;<\/em><br \/>\n        <em>effects<\/em><br \/>\n        <em>on<\/em><br \/>\n        <em>Bitcoin<\/em><br \/>\n        <em>prices<\/em><br \/>\n        <em>as<\/em><br \/>\n        <em>a<\/em><br \/>\n        <em>result<\/em><br \/>\n        <em>of<\/em><br \/>\n        <em>the<\/em><br \/>\n        <em>most<\/em><br \/>\n        <em>recent<\/em><br \/>\n        <em>Bitcoin<\/em><br \/>\n        <em>halving; development of<\/em><br \/>\n        <em>additional facilities and<\/em><br \/>\n        <em>installation of<\/em><br \/>\n        <em>infrastructure to<\/em><br \/>\n        <em>expand operations may<\/em><br \/>\n        <em>not<\/em><br \/>\n        <em>be completed on the<\/em><br \/>\n        <em>timelines anticipated<\/em><br \/>\n        <em>by<\/em><br \/>\n        <em>the Company,<\/em><br \/>\n        <em>or<\/em><br \/>\n        <em>at<\/em><br \/>\n        <em>all;<\/em><br \/>\n        <em>ability<\/em><br \/>\n        <em>to access<\/em><br \/>\n        <em>additional<\/em><br \/>\n        <em>power<\/em><br \/>\n        <em>from<\/em><br \/>\n        <em>the<\/em><br \/>\n        <em>local<\/em><br \/>\n        <em>power<\/em><br \/>\n        <em>grid and realize the potential of the clean energy strategy on terms which are economic or at all;<\/em><br \/>\n        <em>a<\/em><br \/>\n        <em>decrease<\/em><br \/>\n        <em>in<\/em><br \/>\n        <em>cryptocurrency pricing,<\/em><br \/>\n        <em>volume<\/em><br \/>\n        <em>of<\/em><br \/>\n        <em>transaction<\/em><br \/>\n        <em>activity<\/em><br \/>\n        <em>or<\/em><br \/>\n        <em>generally,<\/em><br \/>\n        <em>the<\/em><br \/>\n        <em>profitability<\/em><br \/>\n        <em>of<\/em><br \/>\n        <em>cryptocurrency<\/em><br \/>\n        <em>mining;<\/em><br \/>\n        <em>further<\/em><br \/>\n        <em>improvements<\/em><br \/>\n        <em>to<\/em><br \/>\n        <em>profitability and<\/em><br \/>\n        <em>efficiency<\/em><br \/>\n        <em>may<\/em><br \/>\n        <em>not<\/em><br \/>\n        <em>be<\/em><br \/>\n        <em>realized;<\/em><br \/>\n        <em>development<\/em><br \/>\n        <em>of<\/em><br \/>\n        <em>additional<\/em><br \/>\n        <em>facilities<\/em><br \/>\n        <em>to<\/em><br \/>\n        <em>expand<\/em><br \/>\n        <em>operations<\/em><br \/>\n        <em>may<\/em><br \/>\n        <em>not<\/em><br \/>\n        <em>be<\/em><br \/>\n        <em>completed<\/em><br \/>\n        <em>on<\/em><br \/>\n        <em>the<\/em><br \/>\n        <em>timelines anticipated by the Company; ability to access additional power from the local power grid; an increase in natural gas prices may negatively<\/em><br \/>\n        <em>affect<\/em><br \/>\n        <em>the<\/em><br \/>\n        <em>profitability<\/em><br \/>\n        <em>of<\/em><br \/>\n        <em>the<\/em><br \/>\n        <em>Company\u2019s<\/em><br \/>\n        <em>power<\/em><br \/>\n        <em>plant;<\/em><br \/>\n        <em>the<\/em><br \/>\n        <em>digital<\/em><br \/>\n        <em>currency<\/em><br \/>\n        <em>market;<\/em><br \/>\n        <em>the<\/em><br \/>\n        <em>Company\u2019s<\/em><br \/>\n        <em>ability<\/em><br \/>\n        <em>to<\/em><br \/>\n        <em>successfully mine digital<\/em><br \/>\n        <em>currency on<\/em><br \/>\n        <em>the cloud; the Company<\/em><br \/>\n        <em>may not<\/em><br \/>\n        <em>be able<\/em><br \/>\n        <em>to profitably liquidate its<\/em><br \/>\n        <em>current<\/em><br \/>\n        <em>digital<\/em><br \/>\n        <em>currency<\/em><br \/>\n        <em>inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company\u2019s 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\u2019s filings at <\/em><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4LonLglOojRZJUN52tW1Z0JJclxGd7tXDXeOpVawbxDkQhxjADha7bOsHVrC_bEtabvbMkOosY29b_OyKRq3xZmrXNB-gy5H03jHf4JquNY=\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <em>www.sedarplus.ca<\/em><br \/>\n        <\/a><br \/>\n        <em> and <\/em><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_45CY5gALQxoSJylgkjz_AN6Y6Dz0gqeykrmicMszqOuUnQzlRPFmLrzWfOrPaCujvlbmTkWN9MUSH2AX4VS4NDgKRwLe08wPPljJQeOEBQ=\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <em>www.SEC.gov\/EDGAR<\/em><br \/>\n        <\/a>. <em>The forward-looking information<\/em><em>in<\/em><em>this<\/em><em>news<\/em><em>release<\/em><em>reflects<\/em><em>the<\/em><em>current<\/em><em>expectations,<\/em><em>assumptions<\/em><em>and\/or<\/em><em>beliefs<\/em><em>of<\/em><em>the<\/em><em>Company<\/em><em>based<\/em><em>on<\/em><em>information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company<\/em><em>has<\/em><em>made<\/em><em>assumptions<\/em><em>about, among other things,<\/em><em>the<\/em><em>current<\/em><em>profitability<\/em><em>in<\/em><em>mining<\/em><em>cryptocurrency<\/em><em>(including<\/em><em>pricing<\/em><em>and<\/em><em>volume<\/em><em>of<\/em><em>current transaction<\/em><em>activity);<\/em><em>profitable<\/em><em>use<\/em><em>of<\/em><em>the<\/em><em>Company\u2019s<\/em><em>assets<\/em><em>going<\/em><em>forward;<\/em><em>the<\/em><em>Company\u2019s<\/em><em>ability<\/em><em>to<\/em><em>profitably<\/em><em>liquidate<\/em><em>its<\/em><em>digital currency<\/em><em>inventory<\/em><em>as<\/em><em>required;<\/em><em>historical<\/em><em>prices<\/em><em>of<\/em><em>digital<\/em><em>currencies<\/em><em>and<\/em><em>the<\/em><em>ability<\/em><em>of<\/em><em>the<\/em><em>Company<\/em><em>to<\/em><em>mine<\/em><em>digital<\/em><em>currencies<\/em><em>on the cloud will be consistent with historical prices; the ability to maintain reliable and economical sources of power to run its cryptocurrency<\/em><em>mining<\/em><em>assets;<\/em><em>the<\/em><em>negative<\/em><em>impact<\/em><em>of<\/em><em>regulatory<\/em><em>changes<\/em><em>in<\/em><em>the<\/em><em>energy<\/em><em>regimes<\/em><em>in<\/em><em>the<\/em><em>jurisdictions<\/em><em>in<\/em><em>which<\/em><em>the <\/em><em>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&#8217;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.<\/em><\/p>\n<p>\n        <strong><br \/>\n          <em>* ADJUSTED EBITDA \u2013 NON-IFRS MEASURE<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Adjusted EBITDA is a non-IFRS financial measure and should be read in conjunction with and should not be viewed as an alternative to or replacement of measures of operating results and liquidity presented in accordance with IFRS. Readers are referred to the reconciliations of non-IFRS measures included in the Company\u2019s MD&amp;A and in the table below.<\/p>\n<p align=\"justify\">The following table provides a reconciliation of net income to Adjusted EBITDA for the first two quarters of 2025:<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:67%;width:67%;min-width:67%;border-bottom: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:15%;width:15%;min-width:15%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">Q2 2025<\/td>\n<td style=\"max-width:2%;width:2%;min-width:2%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:15%;width:15%;min-width:15%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">Q1 2025<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">$<\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">$<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Loss before other items<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(10,385,750<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(1,688,532<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Taxes and Interest<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">20,390<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(6,923<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Depreciation<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,573,691<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">2,172,791<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Revaluation of warrant liabilities<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">3,431,921<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(2,919,893<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">FX<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">3,538,930<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">63,294<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">FV Changes<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(450,288<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">109,966<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Share based compensation<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">2,069,041<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,038,785<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Adjusted EBITDA<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">248,223<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(1,340,478<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>\n        \n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">\n            <strong>(U.S.$ in thousands except per share data)<\/strong>\n          <\/td>\n<td colspan=\"4\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Six Months Ended<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>June 30<\/strong><br \/>\n            <br \/>\n            <strong>2025<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>June 30<\/strong><br \/>\n            <br \/>\n            <strong>2024<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:70%;width:70%;min-width:70%;border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Revenue from digital currency mining<\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;border-top: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>2,161<\/strong>\n          <\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;border-top: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">9,779<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Revenue from colocation services<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>9,570<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">3,637<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Revenue from sale of electricity<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>&#8211;<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">6,283<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Revenue from sale of energy<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>5,657<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">2,490<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Cost of sales<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(15,252<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(17,177<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Depreciation and amortization<\/td>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(3,746<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(7,903<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Gross profit (loss)<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(1,611<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(2,890<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">General and administrative and other expenses<\/td>\n<td style=\"border-top: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(3,886<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(2,262<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Foreign exchange<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(3,602<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">2,003<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Gain on disposition of cryptocurrencies<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>654<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">271<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Change in FV of loan payable and salaries payable<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(283<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(20<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Other Income<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>&#8211;<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">14<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Share based compensation<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(3,108<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(750<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Gain on revaluation of digital currencies<\/td>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>286<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">49<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Operating loss<\/td>\n<td style=\"border-top: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(11,549<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(3,586<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Revaluation of warrant liabilities<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(512<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">3,682<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Net financial expenses<\/td>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(13<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(17<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Net loss before income taxes<\/td>\n<td style=\"border-top: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(12,074<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">79<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Deferred tax (expense) recovery<\/td>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>&#8211;<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">&#8211;<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Net income (loss) for the year<\/td>\n<td style=\"border-top: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(12,074<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">79<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">Foreign currency translation adjustment<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>3,205<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(1,847<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">Revaluation of digital currency, net of tax<\/td>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>&#8211;<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">&#8211;<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Total comprehensive income (loss) for the year<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(8,869<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(1,768<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Basic and diluted income (loss) per share<\/td>\n<td style=\"border-top: solid black 1pt;border-left: solid black 1pt;text-align: right;vertical-align: middle;padding-left: 0;padding-right: 0;vertical-align: bottom\">\n            <strong>(0.34<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;text-align: left;vertical-align: middle;padding-left: 0;padding-right: 0;vertical-align: bottom\">\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">0.00<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Weighted average number of subordinate voting shares outstanding \u2013 diluted<\/td>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>35,799,779<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">29,297,364<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUxMzA3MyM3MTAxMjYwIzIxOTUwMTQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ODRjYmYzNzgtZjQ5ZC00YWViLWE2OGMtZmFlY2NlNGM5MzI0LTEyMDY1NjctMjAyNS0wOC0xNC1lbg==\/tiny\/Digi-Power-X-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>This news release constitutes a \u201cdesignated news release\u201d for the purposes of the Company\u2019s prospectus supplement dated May 30, 2025 to its short form base shelf prospectus dated May 15, 2025. MIAMI, Aug. 14, 2025 (GLOBE NEWSWIRE) &#8212; Digi Power X Inc. (\u201cDigi Power X\u201d or the \u201cCompany\u201d) (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\u2019s unaudited consolidated financial statements and management\u2019s discussion and analysis (\u201cMD&amp;A\u201d) for the three and six-month period ended June 30, 2025, have been &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Digi Power X Reports Solid Mid-Year Financial Position, Removal of \u2018Going Concern\u2019 Risk and Positive Adjusted EBITDA in Q2 2025&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-876157","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Digi Power X Reports Solid Mid-Year Financial Position, Removal of \u2018Going Concern\u2019 Risk and Positive Adjusted EBITDA in Q2 2025 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Digi Power X Reports Solid Mid-Year Financial Position, Removal of \u2018Going Concern\u2019 Risk and Positive Adjusted EBITDA in Q2 2025 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"This news release constitutes a \u201cdesignated news release\u201d for the purposes of the Company\u2019s prospectus supplement dated May 30, 2025 to its short form base shelf prospectus dated May 15, 2025. MIAMI, Aug. 14, 2025 (GLOBE NEWSWIRE) &#8212; Digi Power X Inc. (\u201cDigi Power X\u201d or the \u201cCompany\u201d) (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\u2019s unaudited consolidated financial statements and management\u2019s discussion and analysis (\u201cMD&amp;A\u201d) for the three and six-month period ended June 30, 2025, have been &hellip; Continue reading &quot;Digi Power X Reports Solid Mid-Year Financial Position, Removal of \u2018Going Concern\u2019 Risk and Positive Adjusted EBITDA in Q2 2025&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-14T22:51:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUxMzA3MyM3MTAxMjYwIzIxOTUwMTQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Digi Power X Reports Solid Mid-Year Financial Position, Removal of \u2018Going Concern\u2019 Risk and Positive Adjusted EBITDA in Q2 2025\",\"datePublished\":\"2025-08-14T22:51:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\\\/\"},\"wordCount\":1777,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTUxMzA3MyM3MTAxMjYwIzIxOTUwMTQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\\\/\",\"name\":\"Digi Power X Reports Solid Mid-Year Financial Position, Removal of \u2018Going Concern\u2019 Risk and Positive Adjusted EBITDA in Q2 2025 - 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MIAMI, Aug. 14, 2025 (GLOBE NEWSWIRE) &#8212; Digi Power X Inc. (\u201cDigi Power X\u201d or the \u201cCompany\u201d) (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\u2019s unaudited consolidated financial statements and management\u2019s discussion and analysis (\u201cMD&amp;A\u201d) for the three and six-month period ended June 30, 2025, have been &hellip; Continue reading \"Digi Power X Reports Solid Mid-Year Financial Position, Removal of \u2018Going Concern\u2019 Risk and Positive Adjusted EBITDA in Q2 2025\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\/","og_site_name":"Market Newsdesk","article_published_time":"2025-08-14T22:51:14+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUxMzA3MyM3MTAxMjYwIzIxOTUwMTQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Digi Power X Reports Solid Mid-Year Financial Position, Removal of \u2018Going Concern\u2019 Risk and Positive Adjusted EBITDA in Q2 2025","datePublished":"2025-08-14T22:51:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\/"},"wordCount":1777,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUxMzA3MyM3MTAxMjYwIzIxOTUwMTQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/digi-power-x-reports-solid-mid-year-financial-position-removal-of-going-concern-risk-and-positive-adjusted-ebitda-in-q2-2025\/","name":"Digi Power X Reports Solid Mid-Year Financial Position, Removal of \u2018Going Concern\u2019 Risk and Positive Adjusted EBITDA in Q2 2025 - 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