Digi Power X is a small company transitioning from bitcoin mining toward AI and high-performance computing (HPC) data center infrastructure. Its current revenue comes from two sources: bitcoin mining, where the company runs specialized computers to earn bitcoin rewards proportional to its contributed hashrate, and colocation services, where it hosts third-party mining equipment at its facilities for fees. Self-mining has been largely wound down, with colocation now the dominant active business. Digi Power X operates facilities in Buffalo, NY, North Tonawanda, NY, and Columbiana, AL, and owns roughly 40 acres in North Carolina earmarked for a future large-scale data center. The company also owns a 60 MW gas-fired peaker plant in North Tonawanda, which powers its own operations and sells excess electricity to the grid. Looking ahead, Digi Power X is building two pre-revenue businesses: AI/HPC data center colocation through its ARMS 200 modular Tier 3 data center platform, and GPU-as-a-Service through its NeoCloudz subsidiary. ARMS 200 was completed in 2025 and is expected to begin generating revenue at the Alabama facility in Q2 2026, though no customer contracts have been signed yet. The company's strategy centers on its owned power assets — totaling over 400 MW across its sites — which it views as the critical constraint in AI infrastructure build-out and its primary differentiator. Digi Power X is a small, early-stage company with 17 employees, and all AI/HPC initiatives remain pre-revenue.