Digi Power X (NASDAQ:DGXX) Announces Earnings Results

by · The Markets Daily

Digi Power X (NASDAQ:DGXX – Get Free Report) released its earnings results on Friday. The company reported ($0.17) EPS for the quarter, FiscalAI reports. Digi Power X had a negative net margin of 98.79% and a negative return on equity of 42.04%. The company had revenue of $6.63 million for 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 Trading Down 3.9%

NASDAQ:DGXX traded down $0.16 during mid-day trading on Friday, hitting $3.97. The company’s stock had a trading volume of 6,452,023 shares, compared to its average volume of 3,915,279. Digi Power X has a fifty-two week low of $1.86 and a fifty-two week high of $9.20. The company has a market capitalization of $358.97 million, a price-to-earnings ratio of -6.11 and a beta of 6.28. The stock has a fifty day moving average of $4.83 and a 200-day moving average of $4.20.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DGXX shares. Wall Street Zen upgraded shares of Digi Power X from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Alliance Global Partners reissued a “buy” rating on shares of Digi Power X in a research report on Friday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Digi Power X in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.00.

Get Our Latest Analysis on DGXX

Institutional Investors Weigh In On Digi Power X

Institutional investors and hedge funds have recently made changes to their positions in the company. Members Advisory Group LLC increased its position in shares of Digi Power X by 6.6% during the 1st quarter. Members Advisory Group LLC now owns 69,887 shares of the company’s stock worth $142,000 after purchasing an additional 4,310 shares in the last quarter. PFG Investments LLC acquired a new position in Digi Power X in the fourth quarter valued at about $26,000. Commonwealth Equity Services LLC acquired a new position in Digi Power X in the fourth quarter valued at about $29,000. Creative Financial Designs Inc. ADV bought a new stake in Digi Power X during the fourth quarter worth about $29,000. Finally, J.W. Cole Advisors Inc. bought a new stake in Digi Power X during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 1.93% of the company’s stock.

About Digi Power X

(Get Free Report)

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.

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