Digi Power X (DGX) Emerging Growth Conference 91 summary

Financial performance and balance sheet

• Cash position increased from $1.7 million in 2024 to $78.5 million in 2025, a 4,000%+ rise.

• Working capital improved to $86.3 million from -$3.1 million year-over-year.

• Shareholders' equity grew 453% to $123 million, with no long-term debt.

• Colocation revenue rose 11% to $17.5 million; energy revenue surged 186% to $13.2 million.

• Balance sheet strength enables self-funding of growth without dilutive equity or high-cost debt.

Strategic pivot and infrastructure expansion

• Transitioned from Bitcoin mining to AI infrastructure to leverage power assets for higher revenue.

• Owns power generation assets supporting both energy sales and AI infrastructure growth.

• Regulatory approval secured for 60 MW hydroelectric power in New York, 70 MW in Alabama, and 40 acres in North Carolina.

• Total power capacity across sites is 400 MW, with each site having secured power approval.

• Established US Data Centers Inc. with a majority equity stake, enabling independent capital raises.

Competitive positioning and funding

• Clean, low-cost hydro power provides a cost and commercial advantage for AI workloads.

• GPU fleet expansion to be financed through customer deposits and equipment lease financing.

• Zero debt status allows for rapid expansion and long-term customer contracts without lender friction.

• $40 million initial capital expenditure program for 2026 and beyond to be self-funded.