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Digi Power X Inc

digipowerx.com

What Do They Do?

Operates data centers that provide colocation and artificial-intelligence computing services to enterprise customers, and supplies electricity to industrial clients and energy markets.

How Do They Make Money?

Mining pools pay bitcoin rewards based mainly on the computing power supplied. Colocation customers make construction payments and pay monthly charges tied to delivered power; the company also sells energy.

revenue
SegmentShareRevenue
Digital currency mining and staking
Usage-based

10%
Colocation services
51%
Sale of energy
39%

Who Are Their Customers?

Mining-pool operators receive computing power under pool arrangements; enterprise and AI customers contract for colocation or GPU computing, while the power plant supplies electricity to the grid.

Do Revenues Turn Into Profits?

No. It lost $28.4M in FY2025.

Operating income, FY2025
−77% of revenue
▲ +124% (Loss) vs FY2024 (−$11.7M, −32%)
Net income, FY2025
−83% of revenue
▲ +129% (Loss) vs FY2024 (−$12.4M, −33%)
Free cash flow, FY2025
−125% of revenue
▲ +101% (Loss) vs FY2024 (−$21.3M, −58%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −18%
vs $8.1M in Q2 FY2025
Net income
▲ +48% (Loss)
vs −$9.7M in Q2 FY2025
Colocation services share of revenue vs 55.3% in Q2 FY2025
  • Aug 14, 2026 Reported first AI compute revenue and 2027 outlook Reported first AI compute revenue and targeted a $250 million to $300 million annualized run rate by Q3 2027.
  • Jul 7, 2026 Outlined campus progress and fiscal revenue targets The company targeted a $250–$300 million annualized run rate for fiscal 2027.
  • May 8, 2026 Signed a long-term data-center deal with Cerebras The agreement covers a 40 MW Alabama campus, with an initial term valued at approximately $1.1 billion.
  • Apr 20, 2026 Signed a GPU rental agreement with SubQ AI The 24-month contract carries an expected total value of approximately $19.6 million.

From mining to data-center services The older report centered the business on digital-currency mining; the latest also describes data-center development, enterprise colocation and AI/GPU infrastructure services alongside power generation.

Revenue over time
Digital currency mining and staking Colocation services Sale of energy Sale of electricity
$50M$25M$0

Who Do They Compete With?

Competes with Riot Platforms, MARA Holdings, Bitfarms, Argo Blockchain, Hut 8, HIVE Digital Technologies, Cipher Digital, Equinix, Digital Realty Trust, and CoreWeave

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