Digi Power increases bitcoin holdings to 85

Executive Summary

• Digi Power X reported August 2025 production results, highlighting a strategic pivot from Bitcoin mining to AI infrastructure, specifically the cessation of mining operations in Alabama to build Tier 3-certified AI data centers.
• The company expanded its digital asset holdings, increasing BTC inventory by 37% to 85 BTC and diversifying into Ethereum, holding approximately 1,000 ETH valued at $4.4 million.
• The Alabama site is under construction with a target of 40 MW critical power capacity (55 MW total) to support over 10,000 Nvidia Blackwell GPUs, with the first ARMS 200 pod expected in December 2025.

Key Details

• August 2025 Financial & Operational Highlights:
  • Total cash, BTC, ETH, and deposits: ~$29 million (down from $30 million in July).
  • BTC Price Reference: $108,200 (Aug 31) vs $117,200 (July 31).
  • BTC Inventory: Increased from 61 BTC to 85 BTC (+37%).
  • ETH Holdings: Increased from 516.64 ETH to ~1,000 ETH (+93%), valued at ~$4.4 million.
  • BTC Production Value: ~$3.5 million total value produced (self-mining + co-location + energy sales).
  • BTC Production Volume: ~24 BTC produced by miners, valued at ~$2.6 million.
  • Capital Expenditures: ~$5.5 million year-to-date, including ~$300,000 in August.
• Alabama AI Infrastructure Pivot:
  • Ceased BTC mining operations in Alabama.
  • Constructing Tier 3-certified AI-ready facilities.
  • Capacity: 40 MW critical power / 55 MW total power availability.
  • Scale: Designed to support >10,000 Nvidia Blackwell GPUs.
  • Timeline: First ARMS 200 pod installation expected December 2025; operations begin Q1 2026.
  • Financing: Advanced discussions for tenant contracts and up to 70% non-dilutive debt financing.
• ARMS 200 Platform Details:
  • One-megawatt modular Tier 3 data center optimized for GPU-dense workloads.
  • Provisional patent filed.
  • Capacity: Supports up to 256 Nvidia B200/B300 GPUs per unit.
  • Features: Liquid cooling and dual-path power redundancy.
  • Future Models: ARMS 300 and ARMS 400 in development.
• Strategic Partnerships & Hardware:
  • Definitive purchase order placed with Super Micro Computer Inc. (SMCI) for Nvidia B200-powered systems.
  • NeoCloud GPU-as-a-service platform: Proprietary orchestration for secure, multitenant GPU rentals; pilot programs expected Q4 2025.
  • Alignment with Nvidia AI Grid for integrated compute fabric.
• Broader Infrastructure Strategy:
  • Current footprint: ~100 MW across three sites.
  • Expansion plan: Target >200 MW.
  • Next-gen hydro-powered mining systems scheduled for Q1 2026 deployment at non-Alabama sites.

Notable Quotes

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