DGXX
high-risk speculativeDigi Power X Inc. · NASDAQ
Snapshot taken 2 hours ago (Aug 3, 2026, 12:26 PM ET). Stored, not recomputed — prices are as of that moment. Open in the app ↗
Analysis AI · anthropic:claude-sonnet-5run Jul 22, 2026, 6:41 PM ET
Digi Power X is transitioning from bitcoin mining/colocation into a vertically integrated AI infrastructure/data center company, backed by a debt-free balance sheet, ~$57.8M cash, and a 400MW secured power pipeline across Alabama, New York, and North Carolina (evidenceIds: DGXX:2026-03-31:capacity_expansion:e4baf1db, DGXX:2026-03-31:capacity_expansion:4ddf82df, fund:DGXX:2026-07-22T22:40:25.126Z). Management touts a capital-efficient, self-financing GPU deployment model and zero dilution YTD in fiscal 2026 (DGXX:2026-03-31:cashflow_improvement:298ed48c, DGXX:2026-03-31:dilution:988acba7). However, current revenue is small (~$6.8M, down 7.6% YoY per fund:DGXX:2026-07-22T22:40:25.126Z) and free cash flow is negative (-$6.4M), meaning the ambitious ~$120M+ annualized GPU-as-a-Service and colocation revenue projections remain largely unrealized and contingent on full execution of contracted capacity (DGXX:2026-03-31:capacity_expansion:b7c7a19d). Technicals show the stock in a downtrend from recent highs (SMA50 well above price, momentum-20 negative) despite a golden cross and improving shorter-term momentum, with high volatility and below-average relative volume (tech:DGXX:2026-07-22T04:00:00Z). This is a high-risk, high-optionality name where the next 1-2 quarters will hinge on execution of GPU/colocation contracts and whether the company needs external financing despite stated intentions to avoid dilution.
- Overall
- 12/100
- Confidence
- 48/100
Catalysts
- ▲ 400MW secured power pipeline across 4 owned sites (AL, NY, NC) provides tangible expansion runway (DGXX:2026-03-31:capacity_expansion:4ddf82df, DGXX:2026-03-31:capacity_expansion:e4baf1db)
- ▲ 60MW hydro power in Upstate NY received regulatory approval and is immediately deployable, a scarce resource for AI infrastructure (DGXX:2026-03-31:regulatory_milestone:b13cd37b, DGXX:2026-03-31:regulatory_milestone:87e07308)
- ▲ Projected annualized run-rate of ~$120M from GPU-as-a-Service (10MW/~4,000 GPUs at $3.50/GPU-hour, ~98% utilization) plus additional colocation revenue at full execution (DGXX:2026-03-31:capacity_expansion:b7c7a19d)
- ▲ Partnership with Hans Vestberg to co-found US Data Centers Inc. (USDC) for modular AI infrastructure deployment via the ARMS platform (DGXX:2026-03-13:demand_acceleration:7ea4a0e2, DGXX:2026-03-13:material_weakness:a9ed4808)
- ▲ FY2025 balance sheet transformation: cash grew from $1.7M to $78.5M (+4,507%), shareholders' equity +453%, zero debt (DGXX:2026-03-31:new_recurring_revenue:3dbe305a)
Risks
- ▼ Current revenue is small ($6.79M) and declining YoY (-7.6%), with negative free cash flow (-$6.4M), indicating the core business has not yet scaled to match infrastructure ambitions (fund:DGXX:2026-07-22T22:40:25.126Z)
- ▼ Multiple 'material_weakness' tagged disclosures accompany press releases, though specific internal control details are not fully elaborated in evidence provided (DGXX:2026-03-31:material_weakness:7387b78b, DGXX:2026-03-13:material_weakness:a9ed4808) - flagged as missing detail
- ▼ Forward-looking statements explicitly cite uncertainty regarding ability to raise additional capital and equipment/timeline delivery risk, contradicting the 'self-financing' narrative (DGXX:2026-03-31:financing_need:2aafa81c, DGXX:2026-03-13:financing_need:d84a1506)
- ▼ USDC subsidiary issued Preferred Stock in a related capital raise (3.2M shares for $800K, implying ~$10M valuation), signaling dilution risk exists at the subsidiary level even if parent company shares are undiluted YTD (DGXX:2026-03-13:dilution:9b3c8b13)
- ▼ Technical picture is weak: price is -53% from 52-week high, in a neutral/high-volatility regime, 20-day momentum -36%, below both 20-day and 50-day SMAs despite a golden cross (tech:DGXX:2026-07-22T04:00:00Z)
- ▼ Wide bid-ask spread ($3.68 bid / $5.00 ask on $4.295 last) suggests thin, illiquid trading conditions (mkt:DGXX:2026-07-22T22:40:25.442Z)
- ▼ Revenue projections ($120M+ annualized) are speculative 'upon full execution' figures, not realized results, and execution risk on 4,000 GPU deployment and 90MW colocation buildout is substantial (DGXX:2026-03-31:capacity_expansion:b7c7a19d)
Scenarios
Bull 25% · Base 45% · Bear 30%
Bull Company executes on 400MW pipeline and begins converting GPU-as-a-Service/colocation contracts into recurring revenue within the horizon (DGXX:2026-03-31:capacity_expansion:b7c7a19d)
Bear Execution delays on GPU/colocation buildout persist, and the company fails to convert pipeline capacity into revenue within the horizon (DGXX:2026-03-31:financing_need:2aafa81c)
Missing data
Specific nature/remediation status of material weakness in internal controls referenced in press release tags · Analyst price targets or third-party valuation estimates · Signed customer contracts/backlog specifics beyond projected 'upon full execution' figures · Detailed cash burn trajectory and capex schedule for the next 2 quarters · Next earnings date and any forward guidance · Details on North Carolina and Alabama site construction timelines and permitting status beyond zoning approval · Trading volume and float details reconciling shares outstanding (90.4M) vs public float (92.0M) discrepancy
Technical
- Trend
- neutral
- Tech score
- 16/100
- RSI(14)
- 41.8
- SMA 20/50/200
- 4.05 / 5.6 / 4.03
- MACD
- -0.464
- ATR(14)
- 0.449
- Rel volume
- 0.26
- Avg $ volume
- $740,713.01
- Momentum 20/60/120d
- -17.2% / -37.1% / 61.3%
- From 52w high
- -57.3%
- Golden cross
- yes
- Volatility
- high
Fundamentals SEC
- Market cap
- $354.4M
- Shares outstanding
- 90,420,824
- Public float
- 92,039,538
- Revenue
- $6.8M
- Revenue growth
- -7.6%
- Cash
- $57.8M
- Debt
- —
- Runway
- 108.4 mo
Sources 8
-
Digi Power X: Alabama AI data centre on track as NeoCloudz revenues flow
- ▼ dilution
The company is evaluating debt financing to support future growth while limiting shareholder dilution.
- ▼ dilution
- Digi Power X says AI data center buildout is on track, reports $155 million in cash
- Digi Power X sets fiscal 2027 targets as AI data center campus advances toward launch
- Digi Power X Provides Operations and Financial Update
-
Digi Power X Shares Advance After $35 Million Commitment for NVIDIA Vera Rubin Systems (DGXX)
- • acquisition
Investment Targets Next Wave of AI Infrastructure The agreement calls for the acquisition of NVIDIA Vera Rubin systems, the company’s forthcoming rack-scale architecture that succeeds the Blackwell platform.
- • acquisition
-
Digi Power X commits $35M to Nvidia's next-gen Vera Rubin platform to expand GPU cloud business
- • acquisition
Digi Power X Inc (NASDAQ:DGXX, FRA:1NQ0, NEO:DGX) has committed $35 million to acquire Nvidia's next-generation Vera Rubin systems as it scales its NeoCloudz GPU-as-a-Service platform, the AI data center infrastructure company said Wednesda
- • acquisition
-
SEC exhibit Open ↗8-K — Digi Power X Inc. (DGXX) (CIK 0001854368)
- ▲ capacity expansion
Nasdaq: DGXX | Cboe Canada: DGX A Vertically Integrated AI Infrastructure Company Digi Power X Reports Fiscal Year 2025 Financial Results Digi Power X Completes Initial Pivot to AI Infrastructure: Zero Debt, $93M Liquid, 400MW Capacity Pipe
- ▼ material weakness
Nasdaq: DGXX | Cboe Canada: DGX A Vertically Integrated AI Infrastructure Company Digi Power X Reports Fiscal Year 2025 Financial Results Digi Power X Completes Initial Pivot to AI Infrastructure: Zero Debt, $93M Liquid, 400MW Capacity Pipe
- ▲ new recurring revenue
Fiscal Year 2025 Financial Highlights Amounts in U.S. dollars (millions) Key Metric FY 2025 FY 2024 YoY Change Signal Cash & Cash Equivalents $ 78.5 $ 1.7 +4,507% ★ Fortress Liquidity Total Assets $ 134.1 $ 34.3 +291% Strong Asset G
- ▲ cashflow improvement
SELF-FINANCING GPU FLEET - CASH FLOW POSITIVE FROM DAY ONE Digi Power X's GPU fleet expansion is designed to be fully financed through customer deposits and equipment lease financing - meaning the Company expects to generate positive cash f
- ▲ capacity expansion
-
SEC exhibit Open ↗8-K — Digi Power X Inc. (DGXX) (CIK 0001854368)
- ▼ material weakness
Nasdaq: DGXX | Cboe Canada: DGX A Vertically Integrated AI Infrastructure Company Hans Vestberg Co-Founds Next Phase of US Data Centers Inc. with Digi Power X to Deploy Modular AI Infrastructure at Scale This news release constitutes a "des
- ▲ demand acceleration
The ARMS platform is purpose-built to solve one of the most pressing challenges facing the AI industry: the inability of traditional data center construction to keep pace with the accelerating demand for compute capacity.
- ▼ dilution
In order to capitalize the entity and work towards achieving these goals, USDC issued shares of Preferred Stock in an initial capital raising transaction that ascribes a valuation to USDC of approximately US$10 million, including the issuan
- ▼ material weakness
Prices from iex (delayed). Fundamentals from SEC EDGAR. Indicators computed locally. First covered Aug 3, 2026, 12:26 PM ET.