Digi Power X (NASDAQ:DGXX) Posts Earnings Results

Digi Power X (NASDAQ:DGXX) issued 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 company had revenue of $6.63 million during 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 Stock Performance

Digi Power X stock opened at $3.97 on Friday. The stock has a market cap of $358.97 million, a P/E ratio of -7.35 and a beta of 6.28. Digi Power X has a fifty-two week low of $1.86 and a fifty-two week high of $9.20. The firm’s fifty day moving average price is $4.83 and its 200-day moving average price is $4.20.

Hedge Funds Weigh In On Digi Power X

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DGXX. Private Advisor Group LLC bought a new stake in shares of Digi Power X during the 3rd quarter valued at about $39,000. Vident Advisory LLC bought a new stake in Digi Power X during the third quarter valued at approximately $2,663,000. Moneta Group Investment Advisors LLC purchased a new position in Digi Power X in the third quarter worth $74,000. Alyeska Investment Group L.P. bought a new position in Digi Power X in the third quarter valued at $1,585,000. Finally, PFG Investments LLC bought a new position in Digi Power X in the fourth quarter valued at $26,000. 1.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DGXX has been the topic of a number of research reports. Alliance Global Partners restated a “buy” rating on shares of Digi Power X in a research note on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digi Power X in a report on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Digi Power X from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.