Digi Power X Records Significant Growth as it Shifts Towards Artificial Intelligence

Digi Power X Inc has made significant strides in its transition towards artificial intelligence infrastructure, as outlined in its recent financial results for 2025. The company's balance sheet has grown substantially, with cash and cash equivalents increasing to $78.5 million from $1.7 million in the prior year.

Total assets have also risen, reaching $134.1 million compared to $34.3 million in 2024. Shareholders' equity grew to $123.3 million from $22.3 million, while the company reported no outstanding debt at year-end.

The shift towards AI infrastructure has been accompanied by a reduction in cryptocurrency mining operations, resulting in a decline in total revenue to $34.2 million compared to $37 million in 2024. However, colocation revenue increased 11% to $17.5 million, and energy revenue rose 186% to $13.2 million.

Digi Power X is investing heavily in its AI-related infrastructure, with capital expenditures rising to $11 million from $3.8 million in the previous year. The company has received approval for 60 megawatts of hydroelectric power in upstate New York and is developing AI data center capacity across multiple US locations.