Miami / Upstate New York – June 2, 2025 — Digi Power X Inc. (NASDAQ: DGXX) is taking a bold leap in sustainable Bitcoin mining, scaling digital asset production while integrating clean energy and battery storage solutions. The Miami-based firm announced robust May results, reinforced by a community solar project and prospective grid-scale energy resilience efforts in New York State.
For the month ending May 31, Digi Power X reported impressive metrics: 35 BTC mined, roughly $3.7 million worth at a market rate of $105,000 per coin. Combined with co-located operations and energy sales, total revenue reached $4.3 million, up 23% over April.
Moreover, revenue from providing energy capacity to other market participants totaled $600,000, underscoring the company’s role as both a digital asset miner and energy infrastructure provider .
Financially, Digi Power X maintains a solid footing with $9.3 million in combined cash, Bitcoin, and deposits, and notably, no long-term debt, despite heavy capital investments in facility expansion and clean-energy infrastructure.
A standout feature of Digi Power X’s operation is its 5.5 MW community solar array located in East Delevan, New York. Operational since September 2024, this installation has already generated nearly $100,000 in electricity bill credits, meaningfully reducing operating costs and carbon intensity.
“Our community solar initiative represents a core component of our ESG strategy,” stated CEO Michel Amar. “These energy savings not only drive economic value … but also align blockchain computing with sustainable infrastructure”.
This model demonstrates how miners can transform traditional energy liabilities—like fixed grid rates—into strategic assets, especially amid rising scrutiny of crypto’s environmental impact.
Looking ahead, Digi Power X plans to deepen its clean-energy commitment by integrating a behind-the-meter battery energy storage system (BESS) at its Buffalo facility, supported in part by New York State Energy Research and Development Authority (NYSERDA) incentives.
Under NYSERDA’s Retail Energy Storage Incentive Program, sites can deploy up to 5 MW of storage capacity. The move aims to enhance resilience during grid stress events, provide valuable demand-side services, and align with New York’s broader goal to deploy 6 GW of energy storage by 2030.
As Luke Marchiori, Chief Sustainability Officer, explained: “Our investment in renewable energy and now battery storage positions Digi Power X at the intersection of digital infrastructure and clean technology.”
Digi Power X’s strategy centers around vertical integration—engineering solutions across energy supply, data center infrastructure, and asset deployment under one roof. The company currently manages about 100 MW of available power across three sites, with plans to reach 200 MW+, including through acquisitions.
The firm funded roughly $2.5 million in capex year-to-date, including $600,000 in May alone, demonstrating a disciplined growth approach without diluting equity or taking on debt.
An additional financial cushion comes via a recently established US$100 million at-the-market equity facility, available only if needed—reflecting strong capital planning and readiness to scale responsibly.
Bitcoin mining’s environmental footprint remains a central controversy. Rough estimates suggest that half of global Bitcoin mining still relies on fossil fuel power, contributing to significant carbon emissions and e-waste concerns.
However, Digi Power X showcases a different model: pairing digital asset production with community-sourced renewable energy, and adding battery storage for grid stability. This integrated approach fulfills best-practice ESG while remaining economically viable—a blueprint for the next generation of industrial-scale crypto firms.
Digi Power X isn’t just mining Bitcoin—they’re building infrastructure to support AI-ready high-performance computing (HPC). In April, the company began converting its Columbiana, Alabama site into a Tier III data center under its subsidiary, US Data Centers Inc., intended to host GPU-heavy AI workloads and advanced computing services.
By leveraging its energy assets across crypto and compute services, Digi Power X positions itself at the nexus of two transformative industries—AI and blockchain—while maintaining sustainability standards.
While Digi Power X’s integrated, environmentally conscious strategy looks solid, a few potential hurdles remain:
- Execution risk: Battery systems and data center conversions require complex engineering—any delays could alter projected returns.
- Regulatory uncertainty: Crypto mining regulations and energy policy shifts at state or federal levels could introduce compliance costs or project delays.
- Market swings: Bitcoin’s price volatility means revenue tied to mined coins can fluctuate—yet the company’s clean-energy savings help buffer against downturns.
Digi Power X’s May performance illustrates that Bitcoin mining can be both profitable and sustainable. With its community solar project, planned energy storage deployment, self-funded growth, and AI-oriented infrastructure strategy, the company is defining a high-integrity model for large-scale crypto operations.
Incorporating renewable energy, reducing costs, and bridging into AI may set a new standard for crypto miners—and energy companies—entering a transformative period in both tech and clean power sectors. As the industry evolves, Digi Power X’s blueprint may inspire similar vertically integrated, environmentally minded infrastructure initiatives across North America—and beyond.