Welcome to our dedicated page for Digi Power X news (Ticker: DGHI), a resource for investors and traders seeking the latest updates and insights on Digi Power X stock.
Digi Power X (DGHI) merges blockchain innovation with sustainable energy infrastructure, operating advanced data centers powered by renewable resources. This page delivers official updates on strategic initiatives, financial disclosures, and operational milestones.
Access real-time announcements including earnings reports, technology partnerships, and energy infrastructure developments. Investors and analysts will find verified information on mining operations, network expansions, and low-carbon power initiatives.
All content is curated to reflect DGHI's dual focus on blockchain security and environmental stewardship. Bookmark this page for streamlined access to press releases, executive statements, and market-moving updates directly from the company.
Digi Power X (NASDAQ: DGXX) reported strong Q1 2025 financial results with total revenue reaching $12.1 million, marking a 115% increase from Q4 2024's $5.63 million. The revenue mix comprised 75% from mining ($9.1 million, up 78%) and 25% from energy sales ($3.0 million, up 436%).
The company maintained its debt-free status while strengthening its cash position to $10.3 million as of March 31, 2025, compared to $10.0 million in December 2024. Capital expenditures for Q1 2025 totaled $4.1 million, focused on mining infrastructure and carbon compliance.
Currently operating with 100MW of available power across three sites, Digi Power X aims to expand to 200MW. Through its new subsidiary, US Data Centers, the company plans to transform its Columbiana, Alabama site into a Tier 3 data center for AI and HPC workloads, with implementation starting in Q2 2025.
Digi Power X (NASDAQ: DGXX) reported strong financial results for 2024, with revenue increasing 42% year-over-year to $37.0 million. The company achieved a remarkable 228% EBITDA improvement, turning a $6.9 million loss in 2023 into an $8.8 million gain in 2024.
Key performance highlights include:
- Colocation services grew by 829% to $15.79 million
- Energy sales increased 41% to $4.61 million
- Digital assets rose 450% to $4.53 million
- Property, plant, and equipment totaled $21.72 million
The company successfully diversified its revenue streams, with 72% of 2024 revenues coming from services outside digital currency mining. Notable achievements include signing an agreement for hosting 11,000 S21 miners (44 MW) and becoming an anchor subscriber to a 5 MW community solar project in Grand Island, NY. The company has eliminated all long-term debt and is expanding into Tier 3 AI data centers through its new U.S. Data Center subsidiary.
Digi Power X (Nasdaq: DGXX / TSXV: DGX), a company focused on developing innovative energy infrastructure and data centers, has scheduled the release of its Q4 and full-year 2024 financial results for March 31, 2025, after market close. The announcement will include both financial performance data and an operational update.
Digi Power X, a data center and energy infrastructure company, has announced a ticker symbol change on the Nasdaq Stock Exchange from DGHI to DGXX, effective March 18, 2025. The change aims to improve brand alignment between the company's stock and corporate identity.
The company's shares will continue trading on the TSX Venture Exchange under the symbol DGX. Existing shareholders are not required to take any action, as the CUSIP number remains unchanged and previously issued share certificates are unaffected by this symbol change.
Digihost Technology (Nasdaq/TSXV: DGHI) has announced a restatement of its financial statements for fiscal years 2022 and 2023. The restatement follows an SEC review that identified a material error in how the company classified proceeds from digital asset sales.
The key correction involves reclassifying proceeds from digital asset sales from 'cash flow from operating activities' to 'cash flow from investing activities'. The company emphasizes that this restatement does not affect its:
- Overall cash position
- Net cash flows
- Operational performance
- Business operations
Management has acknowledged a material weakness in internal control over financial reporting during the restatement periods and is implementing remediation measures to address these issues.
Digihost Technology has announced its transformation to Digi Power X Inc., marking a strategic shift in its identity as an energy infrastructure company. The name change will take effect on March 6, 2025, accompanied by a new trading symbol 'DGX' on the TSX Venture Exchange while maintaining 'DGHI' on Nasdaq.
CEO Michel Amar emphasized that the rebranding reflects the company's ambition to lead in sustainable energy infrastructure development and signals their commitment to diversifying offerings for next-generation computing and data processing. The company's subordinate voting shares will trade under the new name with updated CUSIP (25380B102) and ISIN (CA25380B1022) numbers.
Current stockholders require no action as the share capital structure remains unchanged.
Digihost Technology (DGHI) reported strong financial results for February 2025, achieving record energy revenue of $2.2 million, a 633% increase from January. The company's total monthly revenue reached $4.7 million, marking a 38% increase from January 2025.
The company maintained steady Bitcoin production of approximately 30 BTC, while demonstrating revenue diversification with 53% from mining and 47% from energy sales. Cash and BTC holdings totaled $10.1 million as of February 28, 2025, representing a 159% year-over-year increase despite a 20% monthly decrease due to BTC price decline and capital investments.
Digihost invested $2.5 million in infrastructure and announced plans to expand from 100MW to 200MW across its three sites. The company also formed US Data Centers subsidiary to develop AI and HPC-focused data centers, with groundbreaking planned for Q2 2025 in Columbiana, Alabama. Additionally, Dennis Elsenbeck, an energy industry veteran, was appointed to the board of directors.
Digihost Technology (Nasdaq/TSXV: DGHI) has announced the formation of US Data Centers, a wholly-owned subsidiary focused on developing high-performance computing (HPC) and AI-focused data centers. The company plans to transform its existing Columbiana, Alabama site into a state-of-the-art Tier 3 data center in two phases:
Phase 1: 22 MW capacity, targeting completion in Q2 2026, with planned capital expenditure of $176 million
Phase 2: 33 MW capacity, targeting completion in Q1 2027, with planned capital expenditure of $264 million
The total project cost is estimated at $440 million, which the company plans to finance primarily through debt, leveraging anticipated future revenues. The initiative aims to meet growing demand for AI-driven computing power and cloud services, featuring advanced cooling technologies and sustainable energy strategies.
Digihost Technology (Nasdaq/TSXV: DGHI) has successfully closed an over-subscribed private placement, raising US$6.6 million in gross proceeds. The placement consisted of 2,503,601 subordinate voting shares and warrants exercisable for up to 1,251,805 shares at a combined purchase price of US$2.64 per unit.
The warrants have an exercise price of US$3.66 per share and a three-year exercise period. The company exercised its right to increase the placement size by 25% from the initial announcement on January 31, 2025. The proceeds will be primarily used for infrastructure expansion acquisitions and general working capital purposes.
The securities are subject to standard U.S. resale restrictions but have no resale restrictions in Canada. No securities were sold to Canadian residents during this placement.
Digihost Technology (DGHI) has released its January 2025 production update, highlighting significant growth in its financial position. The company's total holdings reached $12.3 million as of January 31, 2025, marking a 232% increase year-over-year and a 23% increase from December 2024.
Monthly BTC production decreased by 17% to approximately 30 BTC due to voluntary load curtailment during high energy cost periods. The company invested $1.2 million in capital expenditures and infrastructure while maintaining zero debt.
Digihost currently operates with 100MW of available power across three sites and aims to expand to 200MW. The company is developing a Tier III data center in Columbiana, AL, with Phase I (22MW) expected to be operational in 2026 and Phase II (55MW) in early 2027. Additionally, Digihost has established a strategic partnership with NANO Nuclear Energy to integrate advanced nuclear energy technologies at its 60MW New York facility.
