Digi Power X Achieves Positive Net Earnings for Q3 2025 and Reports Strong Balance Sheet to Support 2026 AI Infrastructure Development Plan

Executive Summary

• Digi Power X reported its Q3 2025 unaudited results, turning a $0.3 M net profit and generating $1.9 M EBITDA versus a loss in the prior year.
• The company’s working capital surged to $15.1 M (up 2,731% YoY) and cash & digital‑currency holdings now exceed $90 M, representing over one‑third of market cap.
• Operational highlights include the start of an ARMS 200 AI data‑center pod, approval for an additional 60 MW load in New York, and a partnership with Super Micro to deploy its first NVIDIA B200 GPU cluster by Q1 2026.

Key Details

• Financial Highlights (Q3 2025 vs Q3 2024)
• Working capital: $15.1 M vs $0.5 M (+2,731%).
• Net income: $0.3 M vs –$6.4 M.
• EBITDA*: $1.9 M vs –$2.5 M.
• Adjusted EBITDA*: $0.8 M vs –$0.96 M.

• Energy sales revenue: $8.7 M (↑112% YoY).

• Digital‑Currency Position

• BTC holdings: 97 BTC ($11.2 M) – up 143% quarter‑over‑quarter.
• ETH holdings: ~1,000 ETH ($4.2 M).

• Total digital‑currency value: $15.4 M (↑213% YoY).

• Capital Expenditures

• Q3 2025 capex: $3.1 M (vs $1.5 M in Q3 2024).

• YTD capex: $9.5 M on data‑center infrastructure and AI‑ready equipment.

• Debt & Liquidity

• All long‑term debt eliminated; accounts payable reduced by >$3.8 M since year‑end 2024.

• Cash, BTC, ETH & cash equivalents: >$90 M (≈33% of market cap).

• Operational / Strategic Updates

• ARMS 200 Pod: Assembly began Q4 2025; full activation expected Q1 2026.
• Load Study Approval: Additional 60 MW capacity approved for New York site.
• GPU Cluster: First NVIDIA B200 cluster on schedule for Q1 2026 (partner: Super Micro).
• NeoCloudz Platform: Retail compute service slated to launch Jan 2026, offering on‑demand GPU compute via a consumer‑grade interface.

• Power Asset Roadmap: Planned AI‑driven capacity allocation – Q1 2026: 5 MW; Q4 2026 total 55 MW (critical load 40 MW).

• Guidance & Outlook

• 2026 Guidance – Blockchain mining at current levels; AI colocation scaling to 40 MW critical IT load; deployment of 1,024 NVIDIA B200/B300 GPUs via NeoCloudz.

• 2027 Guidance – AI colocation up to 120 MW; GPU‑as‑a‑Service scale‑up to 3,072 GPUs.

• At‑the‑Market Financing (ATM)

• Shares issued: 310,130 subordinate voting shares.

• Gross proceeds: $1,074,451 at $3.46 per share; net proceeds after commissions: $1,039,962.

• Debt Settlement

• Previously announced July 3 2025 debt settlement closed; securities issuance subject to a 4‑month‑plus‑1‑day hold period (TSX Venture approval received Nov 6 2025).

Notable Quotes

• Michel Amar, CEO: “Digi Power X is transforming from a traditional compute operator into a next‑generation AI infrastructure company… We have never been better positioned to lead in high‑density Tier III AI compute.”
• Alec Amar, President: “NeoCloudz was designed to democratize access to AI compute. We’re giving smaller AI developers, research labs and startups similar infrastructure advantages traditionally reserved for hyperscalers.”