Digi Power X Inc.

Digi Power X Inc. is an energy infrastructure company that develops data centers to expand sustainable energy assets. The Corporation operates multiple sites, including combined cycle and high-capacity substations, to enhance the energy grid for industrial clients and broader energy markets. Digi Power X focuses on creating efficient, reliable, and cost-effective energy solutions by utilizing its power facilities and building advanced infrastructure. These facilities meet the demands of high-performance computing, bitcoin mining, and other energy-intensive industries. Digi Power X develops, owns, and operates data center facilities and provides enterprise colocation and AI/GPU infrastructure services. The Corporation also owns a 60 MW gas-fired power plant in North Tonawanda, which operates as a peaker plant, supplying electrical power to the grid during peak demand. As of the date of this Annual Report, the Corporation has 17 employees. The Corporation receives digital currencies from "mining," a process where specialized computers, called "miners," compete to solve "blocks" (digital files recording digital currency transactions on the blockchain). A miner that verifies and solves a new block is awarded a newly generated quantity of coins, typically proportional to the miner's contributed hashrate or work, plus a small transaction fee. A "mining pool" is a service operated by a mining pool operator that pools the resources of individual miners to share their processing power over a network.