Digi Power X Stock Price, News & Analysis

Digi Power X (NASDAQ: DGXX) reported strong Q1 2025 financial results, with revenue reaching $9.3 million, a 65% increase from Q4 2024. The company's colocation vertical saw remarkable growth of 256% to $5.1 million, while energy sales increased 155% to $3.4 million. The company achieved positive EBITDA of $0.5 million and reduced its net loss by 63% to $1.7 million.

The company is developing Tier 3 AI data centers, purpose-built for NVIDIA B200 and GB200 workloads, through its subsidiary US Data Centers Inc. With $10 million in liquidity, no long-term debt, and digital assets worth $4.4 million (up 51% YoY), Digi Power X is positioned for growth in AI compute infrastructure. The total value of mining operations and energy sales reached $12.1 million in Q1 2025.

Digi Power X (NASDAQ: DGXX) reported its April 2025 production results, maintaining a strong financial position with $10.2 million in combined cash and Bitcoin holdings (down slightly from $10.3 million in March). The company generated $0.7 million in gross energy revenue and produced approximately 30 BTC (valued at $2.8 million) through self-mining and colocation operations.

The company has invested $1.9 million in capital expenditures year-to-date while maintaining zero long-term debt. Currently operating with 100MW of available power across three sites, Digi Power X aims to expand to 200MW. Through its subsidiary US Data Centers, the company is developing a Tier 3 data center in Columbiana, Alabama, focused on AI and high-performance computing workloads.

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.