Digi Power X Inc.
Digi Power X Inc.
11/03/2025 | Press release | Distributed by Public on 11/03/2025 07:00
MATERIAL CHANGE REPORT (Form 6-K)
MATERIAL CHANGE REPORT
| Name and Address of Company |
Digi Power X Inc.
218 NW 24th Street, 2nd Floor
Miami, Florida, 33127
| Date of Material Change |
November 3, 2025
| News Release |
The press release attached as Schedule "A" was released on November 3, 2025 through an approved Canadian newswire service.
| Summary of Material Change |
The material change is described in the press release attached as Schedule "A".
| Full Description of Material Change |
The material change is described in the press release attached as Schedule "A".
| Reliance of subsection 7.1(2) of National Instrument 51-102 |
Not applicable.
| Omitted Information |
Not applicable.
| Executive Officer |
Inquiries in respect of the material change referred to herein may be made to:
Michel Amar, Chief Executive Officer
T: 1-818-280-9758
| Date of Report |
November 3, 2025
SCHEDULE "A"
Digi Power X Strengthens Balance Sheet to Support 2026 AI Infrastructure Development Plan
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated May 30, 2025 to its short form base shelf prospectus dated May 15, 2025.
Miami, FL - November 3, 2025 - Digi Power X Inc. ("Digi Power X" or the "Company") (Nasdaq: DGXX / TSXV: DGX), an innovative energy infrastructure company, today announced a significant strengthening of its balance sheet and liquidity position to support its 2026 AI infrastructure development and is also pleased to provide unaudited comparative production results for the month ended October 31, 2025, combined with an operations update. All monetary references are expressed in U.S. dollars unless otherwise indicated.
Strong Balance Sheet with Liquidity to Fund Growth
| ● | The Company held cash, Bitcoin ("BTC"), Ethereum ("ETH") and cash deposits of approximately $85 million as of October 31, 2025, as compared to $29 million on September 30, 2025 (based on a BTC price of $109,600 as of October 31, 2025, and $113,300 as of September 30, 2025, per CoinMarketCap, and an ETH price of $3,800 as of October 31, 2025, and $4,160 as of September 30, 2025, per CoinMarketCap). This robust liquidity positions Digi Power X to accelerate the rollout of its 2026 AI infrastructure development plan, which includes the planned deployment of high-efficiency Tier III AI data centers and expansion of the Company's critical power capacity across multiple U.S. sites. |
| ● | Digi Power X expanded its inventory of BTC from approximately 100 BTC as of September 30, 2025, to 112 BTC as of October 31, 2025, representing an increase of 12% over the previous month, through its mining activities (as described in more detail below). |
| ● | Digi Power X held approximately 1,000 ETH as of October 31, 2025, with a fair market value of approximately $3.8 million (based on an ETH price of $3,800 as of October 31, 2025 per CoinMarketCap), as compared to a fair market value of approximately $4.2 million as of September 30, 2025 (based on an ETH price of $4,160 as of September 30, 2025 per CoinMarketCap). The Company's ETH position is currently staked to generate an annualized return of roughly 3% in rewards. This yield provides an additional recurring revenue stream while maintaining exposure to ETH's long-term appreciation potential. |
| ● | The value of BTC produced at the Company's facilities between its self-mining and colocation agreements and energy sales was approximately $3.4 million on October 31, 2025 (based on a BTC price of $109,600 as of October 31, 2025, per CoinMarketCap). |
| ● | Miners running at the Company's facilities produced approximately 25 BTC during the month between self-mining and colocation agreements, representing an approximate value of $2.7 million (based on a BTC price of $109,600 as of October 31, 2025, per CoinMarketCap). |
| ● | The Company invested approximately $8.6 million year-to-date in capital expenditures and data center infrastructure support equipment, including approximately $2.8 million in October. |
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Development of Retail Compute Platform
The Company continues to develop its retail compute platform, NeoCloudz, expected to launch in January 2026. Built on a Supermicro enterprise-grade backbone, NeoCloudz will be designed to provide developers, startups and enterprises with on-demand access to GPU compute through a modern, consumer-grade interface. The platform will leverage Digi Power X's Tier III infrastructure, high-efficiency liquid cooling and low-latency networking architecture to deliver scalable, high-performance AI and HPC capabilities to users worldwide.
ARMS 200 Platform
The Company also expects to begin implementing its ARMS 200 (AI-Ready Modular Solution) platform in January 2026 across its Tier III facilities. This deployment will be the next stage in Digi Power X's AI transformation strategy, enabling rapid, scalable AI compute infrastructure at each operational site.
AI Transition Plan for Existing Power Assets
As part of its ongoing transition from cryptocurrency mining to AI-driven infrastructure, Digi Power X has established a phased deployment plan across its existing power assets. This strategic roadmap reflects the Company's disciplined approach to scaling Tier III AI data center capacity while optimizing energy efficiency and returns. The following is an anticipated roadmap of the Company's power asset allocation towards AI-driven projects:
| ● | Q1 2026: 5 MW |
| ● | Q2 2026: 15 MW |
| ● | Q3 2026: 30 MW |
| ● | Q4 2026: Total of 55 MW, with 40 MW critical load capacity |
The Company currently has the following power available through its dedicated infrastructure:
| ● | Alabama site: 55 MW |
| ● | New York sites: 141.7 MW |
| ● | Total available power today: 196.7 MW |
| ● | North Carolina (anticipated availability by 2028): 200 MW |
Looking ahead to 2027, the Company is targeting a total operational capacity of 195 MW, including 140 MW of critical AI compute infrastructure. That planned expansion underscores Digi Power X's commitment to becoming a leading provider of high-density, AI-optimized Tier III data center capacity in North America.
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About Digi Power X
Digi Power X is an innovative energy infrastructure company that develops Tier III-certified modular AI data centers and drives the expansion of sustainable energy assets.
Digi Power X Inc. published this content on November 03, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on November 03, 2025 at 13:03 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]