Digi Power X has $85M (U.S.) in liquidity at Oct. 31

Executive Summary

• Digi Power X Inc. reported a significant strengthening of its balance sheet, with total liquidity (cash, crypto, and deposits) increasing from $29 million to approximately $85 million as of October 31, 2025.
• The company provided an operations update detailing its transition from cryptocurrency mining to AI infrastructure, including the production of ~25 BTC in October and the development of its NeoCloudz retail compute platform and ARMS 200 modular solution, both expected to launch in January 2026.
• Digi Power X outlined a phased AI infrastructure deployment roadmap targeting 55 MW of total capacity by Q4 2026, leveraging its existing 196.7 MW of available power across Alabama and New York sites.

Key Details

• Liquidity Position: Total liquidity (cash, BTC, ETH, and deposits) rose to ~$85 million as of Oct 31, 2025, up from $29 million on Sept 30, 2025.
• Bitcoin Holdings:
  • Inventory increased from ~100 BTC to 112 BTC (a 12% increase) as of Oct 31, 2025.
  • BTC price used for valuation: $109,600 (Oct 31) vs $113,300 (Sept 30).
  • Value of BTC produced via self-mining and co-location agreements in October: ~$3.4 million.
  • Miners produced ~25 BTC in October, valued at ~$2.7 million.
• Ethereum Holdings:
  • Held ~1,000 ETH as of Oct 31, 2025, with a fair market value of ~$3.8 million.
  • ETH is staked to generate an annualized return of ~3%.
  • ETH price used for valuation: $3,800 (Oct 31) vs $4,160 (Sept 30).
• Capital Expenditures:
  • Year-to-date capex: ~$8.6 million.
  • October capex: ~$2.8 million, directed toward data centre infrastructure support equipment.
• NeoCloudz Platform:
  • Retail compute platform expected to launch in January 2026.
  • Built on Supermicro enterprise-grade backbone.
  • Provides on-demand GPU compute access for developers, start-ups, and enterprises.
  • Leverages Tier III infrastructure, liquid cooling, and low-latency networking.
• ARMS 200 Platform:
  • AI-ready modular solution expected to begin implementation in January 2026.
  • Designed for rapid, scalable AI compute infrastructure at operational sites.
• AI Infrastructure Deployment Roadmap:
  • Q1 2026: 5 MW.
  • Q2 2026: 15 MW.
  • Q3 2026: 30 MW.
  • Q4 2026: Total 55 MW (including 40 MW critical load capacity).
• Power Asset Availability:
  • Alabama site: 55 MW.
  • New York sites: 141.7 MW.
  • Total available power today: 196.7 MW.
  • North Carolina site: 200 MW (anticipated availability by 2028).
• 2027 Targets:
  • Targeting total operational capacity of 195 MW.
  • Targeting 140 MW of critical AI compute infrastructure.