Digi Power X Stock Price, News & Analysis

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.

Digihost Technology (Nasdaq/TSXV: DGHI) has announced a private placement of equity securities for gross proceeds of up to US$5.35 million. The placement includes 2,026,516 subordinate voting shares and warrants exercisable for up to 1,013,258 shares at a combined purchase price of US$2.64.

The warrants have an exercise price of US$3.66 per share with a three-year exercise period. The company may increase the placement size by up to 25%. The proceeds will be used for infrastructure expansion acquisitions and working capital. The private placement is expected to close around February 5, 2025, subject to regulatory approvals including TSX Venture Exchange approval.

Digihost Technology (DGHI) reported significant financial growth in December 2024, with cash, BTC, and deposits reaching $10.0 million, a 257% increase from $2.3 million in December 2023. Monthly revenue grew 21% year-over-year to $3.4 million, despite challenges including a temporary site shutdown and the Bitcoin halving event.

The company produced approximately 35 BTC across its mining and hosting operations in December. Capital expenditures for the month totaled $0.5 million, bringing the 2024 total CAPEX to $5.5 million. Digihost currently operates with 100MW of available power across three sites, with access to an additional 300MW for future development.

In December 2024, Digihost formed a strategic partnership with NANO Nuclear Energy, signing an MOU to integrate nuclear energy technologies at its 60MW New York facility. The companies jointly responded to NYSERDA's Request for Information, demonstrating their commitment to zero-emission energy solutions.