Digi Power X (NASDAQ:DGXX) Posts Earnings Results

Digi Power X (NASDAQ:DGXX) issued its quarterly earnings data on Friday. The company reported $999.00 earnings per share for the quarter, reports. The firm had revenue of $6.79 million during the quarter. Digi Power X had a negative return on equity of 54.82% and a negative net margin of 82.94%.

Here are the key takeaways from Digi Power X’s conference call:

• Adjusted EBITDA turned positive in Q1 2026 at $1.1 million, versus a $1.3 million loss a year ago, suggesting improving operating momentum even as the company winds down legacy mining revenue.
• The company highlighted a very strong balance sheet, with no long-term debt and management citing roughly $125 million of cash plus about $15 million of digital assets as of May 15, 2026.
• Digi Power X said its AI pivot is now producing revenue, with NeoCloudz GPU-as-a-service beginning first revenue in May 2026 and the first GPU bare-metal delivery already completed to a customer.
• Management emphasized significant infrastructure and power advantages, including about 393 MW of secure capacity across owned sites and progress toward the Columbiana, Alabama AI campus being ready for service in late 2026 to early 2027.
• The company laid out an aggressive multi-year growth target, projecting about a $300 million annual run rate in 2027 and up to $800 million-$1 billion by 2029, while expecting future expansion to be financed more through debt to reduce dilution.

Digi Power X Stock Performance

Shares of NASDAQ:DGXX traded up $0.32 on Friday, reaching $7.54. The company’s stock had a trading volume of 22,489,554 shares, compared to its average volume of 17,187,090. Digi Power X has a 52-week low of $1.16 and a 52-week high of $9.20. The company has a market cap of $526.37 million, a P/E ratio of -11.97 and a beta of 5.85. The company has a 50-day simple moving average of $3.44 and a 200 day simple moving average of $3.35.

Insider Activity at Digi Power X

In other Digi Power X news, President Alec Amar sold 27,500 shares of Digi Power X stock in a transaction on Friday, May 1st. The shares were sold at an average price of $3.56, for a total value of $97,900.00. Following the completion of the transaction, the president directly owned 1,368,949 shares of the company’s stock, valued at $4,873,458.44. This trade represents a 1.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 55,000 shares of company stock valued at $160,032.

Institutional Investors Weigh In On Digi Power X

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DGXX. Private Advisor Group LLC purchased a new stake in Digi Power X during the third quarter valued at approximately $39,000. Vident Advisory LLC purchased a new stake in Digi Power X during the third quarter valued at approximately $2,663,000. Moneta Group Investment Advisors LLC purchased a new position in Digi Power X during the third quarter worth $74,000. Alyeska Investment Group L.P. purchased a new position in Digi Power X during the third quarter worth $1,585,000. Finally, HighTower Advisors LLC purchased a new position in Digi Power X during the fourth quarter worth $80,000. 1.93% of the stock is currently owned by hedge funds and other institutional investors.

Digi Power X News Summary

Here are the key news stories impacting Digi Power X this week:

• Positive Sentiment: Digi Power X said its NeoCloudz GPU-as-a-Service platform is live and already generating first AI revenues, a key milestone that could validate its shift into AI infrastructure. Digi Power X launches NeoCloudz GPU cloud, begins generating AI revenues
• Positive Sentiment: The company outlined a 2027 annual revenue run-rate target of $250 million to $300 million, which signals management sees significant growth ahead as AI revenues begin in May 2026. Digi Power X outlines $300M annual run-rate target for 2027 as AI revenues begin in May 2026
• Positive Sentiment: Management highlighted a strong balance sheet, including about $125 million in cash and no long-term debt, which gives the company flexibility to fund expansion. Digi Power X Reports First Quarter 2026 Financial Results
• Neutral Sentiment: The company reported first-quarter 2026 financial results and held an earnings call, but the main focus for investors appears to be the new AI revenue launch and forward guidance rather than the backward-looking quarter. Digi Power X Inc. (DGXX) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Despite the upbeat long-term outlook, the Q1 results were described as below expectations, which may be weighing on sentiment and contributing to the stock’s volatility. What's Happening With The Rise Of Digi Power X Stock Today?

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wall Street Zen upgraded Digi Power X from a “sell” rating to a “hold” rating in a research report on Saturday. Alliance Global Partners reaffirmed a “buy” rating on shares of Digi Power X in a report on Friday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digi Power X in a report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $4.00.

About Digi Power X

Digihost Technology Inc operates as a blockchain technology company that focuses on digital currency mining in the United States. It mines for cryptocurrency. The company was incorporated in 2017 and is headquartered in Toronto, Canada.