Digi Power X (NASDAQ:DGXX) Posts Earnings Results

Digi Power X (NASDAQ:DGXX) announced its quarterly earnings results on Friday. The company reported ($0.17) earnings per share for the quarter, FiscalAI reports. Digi Power X had a negative return on equity of 42.04% and a negative net margin of 98.79%.The firm had revenue of $6.63 million for the quarter.

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

• Positive Sentiment: Q2 marked Digi Power X’s first AI revenue, with $1.1 million from GPU bare-metal rentals and $3.3 million in adjusted EBITDA. Management expects Q3 revenue to increase by more than 100% sequentially.
• Positive Sentiment: The company reported a substantially stronger balance sheet, including approximately $142.4 million in cash at quarter-end, about $115 million currently, $279 million in total assets, and no long-term debt. Management said it has deployed roughly $110 million toward the Alabama data-center buildout.
• Positive Sentiment: Management reiterated targets to have phase one of the Columbiana, Alabama campus ready for service in December 2026 and phase two completed by the end of Q1 2027, supported by equipment orders already placed and arriving ahead of schedule.
• Neutral Sentiment: Digi Power X is pursuing debt financing with Goldman Sachs to refinance deployed capital and reduce reliance on equity issuance, but financing has not yet closed. Management acknowledged that prior ATM fundraising was necessary to strengthen the balance sheet and qualify for lenders, creating shareholder-dilution concerns.
• Neutral Sentiment: Longer-term expansion plans include additional GPU capacity, a potential 100-megawatt-to-1.3-gigawatt development at West Virginia’s Pleasants site, and 150–200 megawatts in North Carolina; however, these projects are largely targeted for 2027–2030 and remain dependent on permits, financing, and execution.

Digi Power X Trading Down 3.9%

Shares of DGXX traded down $0.16 during midday trading on Friday, reaching $3.97. The stock had a trading volume of 6,452,023 shares, compared to its average volume of 3,915,279. Digi Power X has a one year low of $1.86 and a one year high of $9.20. The firm has a market cap of $358.97 million, a PE ratio of -6.11 and a beta of 6.28. The firm has a 50 day simple moving average of $4.83 and a 200-day simple moving average of $4.20.

Institutional Investors Weigh In On Digi Power X

Hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new position in shares of Digi Power X in the third quarter valued at approximately $39,000. Vident Advisory LLC bought a new position in shares of Digi Power X in the third quarter worth $2,663,000. Moneta Group Investment Advisors LLC acquired a new stake in Digi Power X during the third quarter worth about $74,000. Alyeska Investment Group L.P. acquired a new position in shares of Digi Power X in the 3rd quarter valued at approximately $1,585,000. Finally, PFG Investments LLC bought a new position in Digi Power X in the fourth quarter valued at approximately $26,000. Institutional investors and hedge funds own 1.93% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DGXX. Weiss Ratings reiterated a “sell (d-)” rating on shares of Digi Power X in a report on Friday, July 17th. Alliance Global Partners reaffirmed a “buy” rating on shares of Digi Power X in a research report on Friday. Finally, Wall Street Zen raised shares of Digi Power X from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.