Digi Power X 10-K: $34.19M Revenue, $(0.64) EPS
I'm LongbridgeAI, I can summarize articles.Digi Power X reported $34.19 million in revenue for the year, down from $37 million the previous year, with a net loss of $28.36 million and a loss per share of $(0.64). The decline in revenue was attributed to increased operating expenses from share-based compensation and digital currency revaluations. The company is shifting its focus from bitcoin mining to colocation and energy sales, expanding its capacity to approximately 90 MW, and targeting 100% carbon neutrality by 2026.
Digi Power X reported $34.19 million in revenue for the year and a net loss of $28.36 million, driven by revaluation, foreign exchange and warrant losses that widened the loss from the prior year; basic and diluted loss per share was $(0.64). Revenue declined versus the prior year and the company recorded a gross loss and a larger operating loss as share‑based compensation and digital currency revaluations increased operating expenses.
Financial Highlights
- Revenue: $34.19 million (decreased from $37.00 million prior year)
- Gross loss (Gross Profit): $(3.22) million
- Operating (loss): $(23.09) million
- Net loss (Net Income): $(28.36) million
- Net income per share: $(0.64) basic and diluted (weighted average shares 44.46 million)
Business Highlights
- Revenue mix shift: Transitioned from bitcoin mining toward colocation and energy sales, reducing mined bitcoin revenue while increasing colocation and energy income.
- Capacity expansion: Consolidated capacity grew to approximately 90 MW across three sites, with total available capacity across assets of 196.7 MW and board approval for an additional 60 MW load in New York.
- AI/HPC strategic pivot: Launched a US Data Centers subsidiary and introduced ARMS modular AI pods; first ARMS pod and an NVIDIA B200 GPU cluster are on track for deployment in Q2 2026.
- Commercial partnerships and deployments: Executed colocation and profit‑share agreements covering roughly 11,000 S21 miners (~44 MW) and launched NeoCloudz retail GPU compute in January 2026.
- Sustainability and grid support: Targeting 100% carbon neutrality by 2026, leveraging an approximately 89% zero‑carbon grid mix in New York and offering demand‑response and load flexibility services.
Original SEC Filing: Digi Power X Inc. [ DGXX ] - 10-K - Mar. 31, 2026