Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
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Digi Power X posts positive cash flow amid AI pivot; sees 163% jump in colocation revenue
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Manage episode 501024379 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Digi Power X Inc CEO Michel Amar talked with Proactive's Stephen Gunnion about the company’s second quarter performance and ongoing transition into AI infrastructure. Amar highlighted that Digi Power X is currently cash flow positive, reporting adjusted EBITDA gains despite lower revenues due to a strategic pause in mining activities in Alabama. "We are not burning cash. Actually, we are cash flow positive," he said, noting the company is now in a stronger financial position with $30 million in cash and no debt A key driver of performance was a 163% year-over-year increase in colocation revenue for the six months ended June, a result of its business model which avoids capital expenditure on miners and instead shares profits from hosting services. Amar emphasized that their G&A spending remains under $6 million annually — among the industry's lowest — giving them financial runway for the next five years. Digi Power X is currently pivoting its Alabama site into an AI-focused facility. The rollout of the company’s ARMS 200 modular AI system, in collaboration with Supermicro, is expected to begin operations by late 2025 or early 2026. Amar projected this shift will bring “a brand new stream of revenues predictable for 2026 and on,” changing the company’s profile. The company also noted that over 5 million warrants were exercised, improving its equity structure. A recent raise from a long-term investor came with no warrant coverage, indicating confidence in the company’s future. Watch more interviews and updates on Proactive’s YouTube channel. If you found this video helpful, give it a like, subscribe to our channel, and turn on notifications to stay updated. #DigiPowerX #AIInfrastructure #ColocationServices #MichelAmar #TechEarnings #CashFlowPositive #AIExpansion #ARMS200 #DataCenterGrowth #ProactiveInvestors #Supermicro #AlabamaTech #Q2Earnings #WarrantsExercised #EBITDA
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608 episodes
MP3•Episode home
Manage episode 501024379 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Digi Power X Inc CEO Michel Amar talked with Proactive's Stephen Gunnion about the company’s second quarter performance and ongoing transition into AI infrastructure. Amar highlighted that Digi Power X is currently cash flow positive, reporting adjusted EBITDA gains despite lower revenues due to a strategic pause in mining activities in Alabama. "We are not burning cash. Actually, we are cash flow positive," he said, noting the company is now in a stronger financial position with $30 million in cash and no debt A key driver of performance was a 163% year-over-year increase in colocation revenue for the six months ended June, a result of its business model which avoids capital expenditure on miners and instead shares profits from hosting services. Amar emphasized that their G&A spending remains under $6 million annually — among the industry's lowest — giving them financial runway for the next five years. Digi Power X is currently pivoting its Alabama site into an AI-focused facility. The rollout of the company’s ARMS 200 modular AI system, in collaboration with Supermicro, is expected to begin operations by late 2025 or early 2026. Amar projected this shift will bring “a brand new stream of revenues predictable for 2026 and on,” changing the company’s profile. The company also noted that over 5 million warrants were exercised, improving its equity structure. A recent raise from a long-term investor came with no warrant coverage, indicating confidence in the company’s future. Watch more interviews and updates on Proactive’s YouTube channel. If you found this video helpful, give it a like, subscribe to our channel, and turn on notifications to stay updated. #DigiPowerX #AIInfrastructure #ColocationServices #MichelAmar #TechEarnings #CashFlowPositive #AIExpansion #ARMS200 #DataCenterGrowth #ProactiveInvestors #Supermicro #AlabamaTech #Q2Earnings #WarrantsExercised #EBITDA
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