Digi Power X pivots to AI with $78.5M cash boost

Digi Power X CFO Paul Ciullo called fiscal 2025 a transformational year, citing a cash position jump from $1.7 million to $78.5 million, shareholders equity rising 453% to $123 million, and zero long-term debt. The company pivoted from Bitcoin mining to AI data center infrastructure, with colocation revenue up 11% and energy revenue surging 186%. The company secured 60MW of hydroelectric power approval in upstate New York, holds 400MW of total power capacity across multiple sites, and plans a $40 million self-funded capital expenditure program in 2026. First AI revenues are expected as early as April 2026, pending GPU testing completion in Alabama.