Digi Power X (NASDAQ:DGXX) Posts Quarterly Earnings Results

Digi Power X (NASDAQ:DGXX) released its earnings results on Friday. The company reported $999.00 earnings per share for the quarter, reports. 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 Up 4.4%

NASDAQ:DGXX traded up $0.32 on Friday, hitting $7.54. The stock had a trading volume of 22,489,554 shares, compared to its average volume of 17,187,090. The stock has a market cap of $526.37 million, a price-to-earnings ratio of -11.97 and a beta of 5.85. The company has a fifty day moving average price of $3.44 and a two-hundred day moving average price of $3.35. Digi Power X has a 1-year low of $1.16 and a 1-year high of $9.20.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Digi Power X

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. acquired a new stake in shares of Digi Power X during the fourth quarter valued at about $29,000. Commonwealth Equity Services LLC acquired a new position in Digi Power X during the 4th quarter worth approximately $29,000. Advisory Services Network LLC acquired a new position in shares of Digi Power X during the 4th quarter worth about $37,000. Private Advisor Group LLC acquired a new position in shares of Digi Power X in the 3rd quarter valued at $39,000. Finally, Orion Porfolio Solutions LLC acquired a new stake in shares of Digi Power X in the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 1.93% of the company’s stock.

Digi Power X News Roundup

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?

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Alliance Global Partners restated a “buy” rating on shares of Digi Power X in a research report on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Digi Power X in a research report on Monday, April 20th. Finally, Wall Street Zen cut shares of Digi Power X from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $4.00.

Digi Power X Company Profile

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.