Digi Power X Inc. announced its unaudited financial results for the second quarter ended June 30, 2025, highlighting the removal of its 'going concern' risk. The company reported over $30 million in cash and equivalents, including approximately 80 Bitcoin and 715 Ethereum, marking its highest liquidity on record.
The company achieved positive Adjusted EBITDA in Q2 2025, with energy sales growing 127% year-over-year to $5.7 million. Operational streamlining efforts resulted in cost reductions of $6.3 million in the first half of the year. Digi Power X also raised $12.9 million during the quarter through a private placement and warrant exercises, with an additional $1.83 million raised after quarter-end, and eliminated all long-term debt.
Digi Power X is on track to deploy its first NVIDIA B200 GPU cluster in partnership with Super Micro Computers, Inc. by the first quarter of 2026. The company is in advanced negotiations with multiple AI customers for long-term infrastructure contracts, with several expected to be signed in the fourth quarter of 2025. These developments position Digi Power X to capitalize on the rapidly expanding AI infrastructure market.
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