Edward Karr, CEO of Digi Power X Inc., provided an update on the company's August results and strategic progress, highlighting a strong financial position with a cash balance of over $29 million, comprised of US dollars, Bitcoin, and Ethereum. The company's Ethereum balance has grown rapidly, now exceeding 1,000 ether, representing a 93% month-over-month increase.
August revenues reached $3.5 million, generated from both Bitcoin mining and energy trading. Karr emphasized the company's focus on cost management and reduction, contributing to its financial health and annualized run rate of over $40 million.
The ongoing conversion of the Alabama facility into a Tier 3 AI data center is well underway, leveraging a partnership with Super Micro. The ARMS 200 pods, designed to support up to 256 Nvidia Blackwell 200 chips, will scale the Alabama site to 40MW of critical Tier 3 power capacity, backed by 55MW of total power availability. The company anticipates announcing a tenant for this facility by the end of the year and is in discussions for project financing on favorable terms.
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