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

Digi Power X (NASDAQ:DGXX) issued its quarterly earnings results on Friday. The company reported $0.01 EPS for the quarter, FiscalAI reports. Digi Power X had a negative net margin of 116.79% and a negative return on equity of 26.75%. The company had revenue of $12.25 million for the quarter.

Here are the key takeaways from Digi Power X’s conference call:

• Revenue rose 85% sequentially to $12.25 million, with AI contributing $5.66 million, or 46% of the total; legacy Bitcoin revenue fell to 27% of revenue from 63% a year earlier. Management reported $0.6 million of adjusted EBITDA and $1 million of net income, though net income was materially supported by digital-currency and warrant valuation gains.
• Digi Power X expects to give Cerebras access to Columbiana phase one on December 15, with billing expected to begin in January 2027; phase two access is targeted for March, with billing in April. Management says the 10-year take-or-pay agreement represents about $402 million in phase-one fees and approximately $1.07 billion across both phases.
• NeoCloudz GPU rental revenue reached $2.46 million, up 127% sequentially, and the company launched its Token Factory, which management says could deliver 85%–90% margins. Those margins and the projected growth of the new business remain management estimates rather than demonstrated results on the call.
• Management is targeting a $250 million–$300 million annualized revenue run rate by the end of Q3 2027, but said only about $143 million is supported by current operations and the Columbiana contract; the balance depends on additional customers and capacity. Its approximately $350 million 2027 capital plan is expected to rely on customer deposits, financing, and cash on hand.
• The proposed $200 million project-level financing had a commitment letter and loan documents, but remained subject to due diligence, documentation, and other conditions, with closing expected in Q4 2026. The company also reported $4.7 million of positive Q3 cash flow with help from a $12 million non-refundable tenant contribution, so the figure was not solely generated by ongoing operations.

Digi Power X Trading Up 3.2%

Shares of NASDAQ DGXX traded up $0.07 during mid-day trading on Friday, reaching $2.28. The company had a trading volume of 6,204,943 shares, compared to its average volume of 2,457,164. The stock has a market cap of $231.19 million, a price-to-earnings ratio of -4.22 and a beta of 6.31. Digi Power X has a 52 week low of $1.77 and a 52 week high of $9.20. The business’s 50-day moving average is $3.14 and its 200-day moving average is $3.90.

Insider Transactions at Digi Power X

In related news, President Alec Amar acquired 10,000 shares of the stock in a transaction on Thursday, August 20th. The stock was bought at an average cost of $3.86 per share, with a total value of $38,600.00. Following the transaction, the president directly owned 1,378,949 shares in the company, valued at approximately $5,322,743.14. This represents a 0.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michel Amar bought 20,000 shares of the company’s stock in a transaction on Wednesday, October 14th. The stock was bought at an average price of $2.76 per share, for a total transaction of $55,200.00. Following the completion of the purchase, the chief executive officer directly owned 1,719,885 shares in the company, valued at approximately $4,746,882.60. This represents a 1.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 50,000 shares of company stock valued at $165,800 in the last quarter. 11.10% of the stock is currently owned by company insiders.

Institutional Trading of Digi Power X

Several institutional investors and hedge funds have recently modified their holdings of DGXX. Weiss Asset Management LP bought a new position in shares of Digi Power X during the 1st quarter worth $540,000. Members Advisory Group LLC increased its stake in shares of Digi Power X by 265.5% during the second quarter. Members Advisory Group LLC now owns 255,468 shares of the company’s stock valued at $1,392,000 after buying an additional 185,581 shares during the period. State Street Corp purchased a new position in shares of Digi Power X during the third quarter valued at $460,000. Texas Capital Bank Wealth Management Services Inc increased its stake in shares of Digi Power X by 20.3% during the third quarter. Texas Capital Bank Wealth Management Services Inc now owns 505,192 shares of the company’s stock valued at $2,071,000 after buying an additional 85,241 shares during the period. Finally, Engineers Gate Manager LP increased its stake in shares of Digi Power X by 91.4% during the second quarter. Engineers Gate Manager LP now owns 98,135 shares of the company’s stock valued at $535,000 after buying an additional 46,851 shares during the period. Institutional investors own 1.93% of the company’s stock.

Analysts Set New Price Targets

DGXX has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Digi Power X in a research note on Thursday, October 15th. Alliance Global Partners reaffirmed a “buy” rating on shares of Digi Power X in a research note on Friday, August 14th. Finally, Wall Street Zen upgraded Digi Power X from a “sell” rating to a “hold” rating in a report on Saturday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Digi Power X currently has a consensus rating of “Hold” and an average target price of $5.00.

Digi Power X Company Profile

Digi Power X is a digital infrastructure company focused on developing and operating data centers and energy assets. Its facilities support Bitcoin mining and, as the company expands its strategy, high-performance computing and artificial intelligence workloads. The company was formerly known as Digihost Technology Inc. and has operated data center and power-generation assets in the United States, including in New York and Alabama. Its integrated approach combines computing facilities with energy infrastructure to support its operations.