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        <link:definition>995457 - Disclosure - Stock Based Compensation</link:definition>
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        <link:definition>995458 - Disclosure - Phantom Stock Appreciation Plan</link:definition>
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        <link:definition>995460 - Disclosure - Risks and Uncertainties</link:definition>
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        <link:definition>995461 - Disclosure - Segment Information</link:definition>
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        <link:definition>995463 - Disclosure - Subsequent Events</link:definition>
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        <link:definition>995464 - Disclosure - Significant Accounting Policies (Policies)</link:definition>
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        <link:definition>995465 - Disclosure - Significant Accounting Policies (Tables)</link:definition>
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        <link:definition>995466 - Disclosure - Digital Assets (Tables)</link:definition>
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        <link:definition>995467 - Disclosure - Property and Equipment (Tables)</link:definition>
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        <link:definition>995468 - Disclosure - Intangible Assets (Tables)</link:definition>
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        <link:definition>995469 - Disclosure - Leases (Tables)</link:definition>
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        <link:definition>995470 - Disclosure - Accrued Liabilities and Acquisition Payable (Tables)</link:definition>
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        <link:definition>995471 - Disclosure - Short-Term Treasury Debt, Cygnet Subsidiary Notes Payable, and Convertible Notes (Tables)</link:definition>
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        <link:definition>995472 - Disclosure - Stock Based Compensation (Tables)</link:definition>
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        <link:definition>995473 - Disclosure - Phantom Stock Appreciation Plan (Tables)</link:definition>
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        <link:definition>995474 - Disclosure - Significant Accounting Policies (Details )</link:definition>
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        <link:definition>995476 - Disclosure - Significant Accounting Policies (Details 2)</link:definition>
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        <link:definition>995477 - Disclosure - Significant Accounting Policies (Details Narrative)</link:definition>
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        <link:definition>995478 - Disclosure - Inventory (Details Narrative)</link:definition>
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        <link:definition>995482 - Disclosure - Digital Assets (Details Narrative)</link:definition>
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        <link:definition>995483 - Disclosure - Property and Equipment (Details)</link:definition>
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        <link:definition>995484 - Disclosure - Property and Equipment (Details Narrative)</link:definition>
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        <link:definition>995485 - Disclosure - Intangible Assets (Details)</link:definition>
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        <link:definition>995486 - Disclosure - Intangible Assets (Details 1)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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        <link:definition>995487 - Disclosure - Intangible Assets (Details Narrative)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:definition>995488 - Disclosure - Leases (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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        <link:definition>995489 - Disclosure - Leases (Details 1)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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        <link:definition>995490 - Disclosure - Leases (Details 2)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType roleURI="http://upxi.com/role/LeasesDetailsNarrative" id="LeasesDetailsNarrative">
        <link:definition>995491 - Disclosure - Leases (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://upxi.com/role/AccruedLiabilitiesAndAcquisitionPayableDetails" id="AccruedLiabilitiesAndAcquisitionPayableDetails">
        <link:definition>995492 - Disclosure - Accrued Liabilities and Acquisition Payable (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:definition>995493 - Disclosure - Accrued Liabilities and Acquisition Payable (Details 1)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:definition>995494 - Disclosure - Accrued Liabilities and Acquisition Payable (Details Narrative)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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</schema>
