DGXX$2.25+5.88%
Digi Power X Inc.
Sector: Finance ServicesIndustry: Independent Power ProducersCountry: USExchange: Nasdaq
Mkt Cap:$228.14M
Float & O/S:93.77M / 101.39M
Inst Own:18.4%
DilutionScan read 40 of Digi Power X Inc.'s SEC filings and found 7 warrant series, 1 convertible, 2 ATM programs, 2 shelf registrations and 4 completed offerings on file for DGXX. The latest dilution event on file is a registration statement on Sep 15, 2026. Analysis updated Oct 12, 2026.
Signal8 Summary
DGXX
Weak fundamentals, high-risk volatile stock
- Business
- WeakNet loss $28.4M vs $34.2M revenue, negative gross margin
- Stock risk
- High$219M cap, beta 6.14, shares +44.8% YoY
Snapshot
Digi Power X is a small AI data center and power infrastructure company transitioning away from crypto mining. FY 2025 revenue fell 7.6% to $34.2M, with a negative gross margin and a $28.4M net loss, bigger than the revenue itself.
What's Happening Right Now
- : Digi Power X will report Q3 2026 financial results and hold a conference call on November 13, 2026.
- : On October 16, 2026, Digi Power X filed a preliminary proxy proposing to collapse its dual-class share structure into one class, plus amended equity plans and director elections; CEO Michel Amar's 2025 pay rose to $12.0M from $4.9M.
- : Digi Power X received a $200 million project-level debt financing commitment, syndicated by Goldman Sachs, to complete its 40 MW Alabama AI data center; the deal is expected to close within 90 days and is intended to avoid further shareholder dilution.
- : Registered 381K shares for sale on Form S-3.
- : On September 11, 2026, Digi Power X amended its S-3 shelf to register resale of 380,590 shares tied to February 2025 private-placement warrants, a roughly 0.4% potential dilution event.
- : Q2 2026 revenue fell to $6.6M from $8.1M a year earlier and the net loss widened to $14.4M, but the company booked its first AI compute revenue ($1.08M) under a 24-month, ~$19.6M contract with SubQ AI, and ended the quarter with $128.1M cash.
- : Sold $11.26M of stock / 2.85M shares through its at-the-market program, as stated for Jul 1, 2026 to Aug 14, 2026.
- : Sold $163.21M of stock / 27.95M shares through its at-the-market program, as stated for Jan 1, 2026 to Jun 30, 2026.
