Latest news with #DGXX
Yahoo
3 days ago
- Business
- Yahoo
Digi Power X Inc. (DGXX) Reports Q2 Loss, Beats Revenue Estimates
Digi Power X Inc. (DGXX) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.35. This compares to a loss of $0.16 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +20.00%. A quarter ago, it was expected that this company would post a loss of $0.42 per share when it actually produced a loss of $0.05, delivering a surprise of +88.1%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Digi Power X Inc., which belongs to the Zacks Technology Services industry, posted revenues of $8.11 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.99%. This compares to year-ago revenues of $9.23 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Digi Power X Inc. shares have added about 74% since the beginning of the year versus the S&P 500's gain of 10%. What's Next for Digi Power X Inc.? While Digi Power X Inc. has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Digi Power X Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.41 on $7.8 million in revenues for the coming quarter and -$1.60 on $33.7 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Sprinklr (CXM), has yet to report results for the quarter ended July 2025. The results are expected to be released on September 3. This customer experience software developer is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +66.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Sprinklr's revenues are expected to be $205.56 million, up 4.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Digi Power X Inc. (DGXX) : Free Stock Analysis Report Sprinklr, Inc. (CXM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Hamilton Spectator
23-07-2025
- Business
- Hamilton Spectator
Digi Power X Announces Closing of $15 Million Registered Direct Offering of Common Stock
This news release constitutes a 'designated news release' for the purposes of the Company's prospectus supplement dated May 30, 2025 to its short form base shelf prospectus dated May 15, 2025. MIAMI, July 23, 2025 (GLOBE NEWSWIRE) — Digi Power X Inc. ('DGXX' or the 'Company') (Nasdaq: DGXX / TSXV: DGX), a vertically integrated AI and digital infrastructure company, today announced the closing its previously announced registered direct offering of 4,807,693 shares of common stock (or pre-funded warrants in lieu thereof) at an offering price of U.S.$3.12 per share (the 'Offering'), resulting in gross proceeds of approximately U.S.$15 million before deducting placement agent fees and other expenses payable by the Company. The closing of the Offering occurred on July 23, 2025. The Offering was to a single new fundamental institutional investor, underscoring a growing interest in DGXX's scalable AI infrastructure strategy, including its proprietary ARMS 200 Tier 3 modular data center platform and NeoCloud GPU-as-a-Service infrastructure. The completion of the Offering resulted in DGXX holding over U.S.$30 million in cash and cash equivalents, with zero long-term debt on its balance sheet. Titan Partners Group, a division of American Capital Partners ('Titan'), acted as the sole placement agent for the offering. Key Highlights: Expected Use of Proceeds: Titan received a cash commission representing 7% of the gross proceeds from the Offering and 240,385 purchase warrants, with each warrant exercisable for one share at a price of US$3.588 per share commencing on January 17, 2026 and expiring on July 21, 2030. The offering is being made pursuant to an effective shelf registration statement on Form F-10 (File No. 333-286520) previously filed with the Securities and Exchange Commission (the 'SEC') on April 14, 2025, and declared effective on May 20, 2025. The prospectus supplement relating to the offering was filed with the SEC and is available on the SEC's website at . The Company also filed the prospectus supplement with the securities regulatory authorities in Canada. Copies of the prospectus supplement and the accompanying base prospectus relating to the offering may be obtained by contacting Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 29th Floor, New York, NY 10007, by phone at (929) 833-1246 or by email at prospectus@ . This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. About Digi Power X Digi Power X (NASDAQ: DGXX / TSXV: DGX), is a vertically integrated AI and energy infrastructure company. Digi Power X designs and deploys modular Tier 3 data centers through its ARMS (AI-Ready Modular Solution) platform and offers enterprise-grade GPU compute through its NeoCloud portal, leveraging advanced NVIDIA GPU technology and secured energy infrastructure. For further information, please contact: Michel Amar, Chief Executive Officer Digi Power X Inc. Follow us on X: @DigipowerX Investor Relations T: 888-474-9222 Email: IR@ Cautionary Statement Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Except for the statements of historical fact, this news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking information') that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes information about the Company's expectations concerning the impact of the offering, potential further improvements to profitability and efficiency across the Company's operations, including, as a result of the Company's expansion efforts, potential for the Company's long-term growth and clean energy strategy, and the business goals and objectives of the Company. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: delivery of equipment and implementation of systems may not occur on the timelines anticipated by the Company, or at all; future capital needs and uncertainty of additional financing; share dilution resulting from equity issuances; development of additional facilities and installation of infrastructure to expand operations may not be completed on the timelines anticipated by the Company, or at all; ability to access additional power from the local power grid and realize the potential of the clean energy strategy on terms which are economic or at all; further improvements to profitability and efficiency may not be realized; development of additional facilities to expand operations may not be completed on the timelines anticipated by the Company; ability to access additional power from the local power grid; an increase in natural gas prices may negatively affect the profitability of the Company's power plant; and other related risks as more fully set out in the Company's annual report on Form 20-F for the year ended December 31, 2024 and other documents filed or furnished by the Company on SEDAR + and on the SEC's EDGAR website at and , respectively. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about, among other things, the timing for, expected proceeds from and impact of the offering. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.
Globe and Mail
01-07-2025
- Business
- Globe and Mail
Digi Power X Reports 45% Month-Over-Month Increase in Cash and Crypto Position with no Long-Term Debt and Reports June 2025 Production Results
This news release constitutes a 'designated news release' for the purposes of the Company's prospectus supplement dated May 30, 2025 to its short form base shelf prospectus dated May 15, 2025 MIAMI, July 01, 2025 (GLOBE NEWSWIRE) -- Digi Power X Inc. (' Digi Power X ' or the ' Company ') (Nasdaq: DGXX / TSXV: DGX), an innovative energy infrastructure company that develops data centers, is pleased to provide unaudited comparative Bitcoin (' BTC ') production results for the quarter and month ended June 30, 2025, combined with an operations update. All monetary references are expressed in U.S. dollars unless otherwise indicated. Second Quarter 2025 Production Highlights The value of coins produced at the Company's facilities between its self-mining and colocation agreements and energy sales was approximately $12.4 million in Q2 2025 (based on a BTC price of $107,750 as of June 30, 2025, per CoinMarketCap). Miners running at the Company's facilities produced approximately 94 BTC during the quarter between self-mining and colocation agreements, representing an approximate value of $10.1 million (based on a BTC price of $107,750 as of June 30, 2025, per CoinMarketCap). The Company earned gross energy and power revenue of approximately $2.3 million for the three-month period ended June 30, 2025 through the provision of power capacity to market customers. Monthly Production Highlights for June 2025 The Company held cash, BTC and cash deposits of approximately $13.5 million as of June 30, 2025, as compared to $9.3 million on May 31, 2025 (based on a BTC price of $107,750 as of June 30, 2025, and $105,800 as of May 31, 2025, per CoinMarketCap), representing an increase of 45% over the previous month. On a year-over-year basis, the Company's total cash and crypto position increased by approximately 90% as compared to June 30, 2024. The Company has invested approximately $3.5 million year-to-date in capital expenditures and mining infrastructure support equipment, including approximately $1.0 million in June. Strategic Partnership with Super Micro One of the Company's most meaningful developments this past quarter was the launch of its partnership with Super Micro Computer, Inc. (Nasdaq: SMCI) (' Super Micro '), a global leader in high-performance, energy-efficient server technology. Together with Super Micro, the Company is building artificial intelligence (' AI ') data center systems powered by NVIDIA's B200 GPUs, to be implemented at the Company's Alabama data center facility. Digi Power X's first deployment is expected to be a high-performance AI compute cluster built with Super Micro's liquid-cooled server infrastructure. This cluster will power the launch of the Company's ARMS™ (AI-Ready Modular Solution) platform, a Tier 3-certified modular data center designed specifically for dense AI and HPC workloads. The ARMS 200, the Company's flagship modular unit, is in final preparation for installation at the Company's Tier 3 data center in Alabama. The planned deployment will serve as a live demonstration of the Company's ability to deliver full-stack compute infrastructure quickly and reliably. As AI infrastructure enters a new phase of growth, driven by massive demand for training, inference and enterprise deployment, Digi Power X plans to use its vertically integrated approach to position itself as a preferred provider for modular, energy-backed AI infrastructure. NANO Nuclear Energy Inc. The Company, in collaboration with NANO Nuclear Energy Inc. (NASDAQ: NNE) (' NANO Nuclear '), a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, continues to monitor the joint submission made in December 2024 to a New York State Energy Research and Development Authority Request for Information concerning the development of advanced nuclear energy technologies in New York State. This joint submission builds on the Memorandum of Understanding between NANO Nuclear and Digi Power X that was announced on December 13, 2024, to advance the transition to carbon-free energy at Digi Power X's 60MW power plant in upstate New York, and allow the parties to participate in New York State's pursuit of strategic partnerships and initiatives that align with its goals of achieving a zero-emission grid in its future for all New Yorkers. Operations Update The Company currently operates with approximately 100MW of available power across its three sites and is working to expand its capacity to 200MW and beyond. The Company plans to fuel this growth using its existing asset portfolio, combined with strategic expansion through targeted acquisitions. About Digi Power X Digi Power X is an innovative energy infrastructure company that develops data centers to drive the expansion of sustainable energy assets. For further information, please contact: Michel Amar, Chief Executive Officer Digi Power X Inc. Investor Relations T: 888-474-9222 Email: IR@ Cautionary Statement Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Except for the statements of historical fact, this news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking information') that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes information about potential further improvements to profitability and efficiency across the Company's operations, including, as a result of the Company's expansion efforts, potential for the Company's long-term growth and clean energy strategy, and the business goals and objectives of the Company. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: future capital needs and uncertainty of additional financing; share dilution resulting from equity issuances; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; effects on Bitcoin prices as a result of the most recent Bitcoin halving; development of additional facilities and installation of infrastructure to expand operations may not be completed on the timelines anticipated by the Company, or at all; ability to access additional power from the local power grid and realize the potential of the clean energy strategy on terms which are economic or at all; a decrease in cryptocurrency pricing, volume of transaction activity or generally, the profitability of cryptocurrency mining; further improvements to profitability and efficiency may not be realized; development of additional facilities to expand operations may not be completed on the timelines anticipated by the Company; ability to access additional power from the local power grid; an increase in natural gas prices may negatively affect the profitability of the Company's power plant; the digital currency market; the Company's ability to successfully mine digital currency on the cloud; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company's operations; the volatility of digital currency prices; and other related risks as more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company's filings at and The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about, among other things, the current profitability in mining cryptocurrency (including pricing and volume of current transaction activity); profitable use of the Company's assets going forward; the Company's ability to profitably liquidate its digital currency inventory as required; historical prices of digital currencies and the ability of the Company to mine digital currencies on the cloud will be consistent with historical prices; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the negative impact of regulatory changes in the energy regimes in the jurisdictions in which the Company operates; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.
Globe and Mail
02-06-2025
- Business
- Globe and Mail
Digi Power X Maintains Strong Cash and Crypto Position With No Long-Term Debt and Reports May 2025 Production Results
This news release constitutes a 'designated news release' for the purposes of the Company's prospectus supplement dated May 30, 2025 to its short form base shelf prospectus dated May 15, 2025. MIAMI, June 02, 2025 (GLOBE NEWSWIRE) -- Digi Power X Inc. (' Digi Power X ' or the ' Company ') (Nasdaq: DGXX / TSXV: DGX), an innovative energy infrastructure company that develops cutting-edge data centers, is pleased to provide unaudited comparative Bitcoin (' BTC ') production results for the month ended May 31, 2025, combined with an operations update. All monetary references are expressed in U.S. dollars unless otherwise indicated. Monthly Production Highlights for May 2025 The value of coins produced at the Company's facilities between its self-mining and colocation agreements and energy sales was approximately $4.3 million in May 2025 (based on a BTC price of $105,000 as of May 31, 2025, per CoinMarketCap), representing an increase of 23% over the previous month. Miners running at the Company's facilities produced approximately 35 BTC during the month between self-mining and colocation agreements, representing an approximate value of $3.7 million (based on a BTC price of $105,000 as of May 31, 2025, per CoinMarketCap). The Company earned gross energy and power revenue of approximately $0.6 million in May 2025 through the provision of power capacity to market customers. The Company held cash, BTC and cash deposits of approximately $9.3 million as of May 31, 2025, as compared to $10.2 million on April 30, 2025 (based on a BTC price of $105,800 as of May 31, 2025, and $94,000 as of April 30, 2025, per CoinMarketCap). The decrease in position on a month over month basis was driven by investment in capital expenditures of approximately $0.6 million and the purchase of carbon emission credits of $0.2 million. The Company has invested approximately $2.5 million year-to-date in capital expenditures and mining infrastructure support equipment, including $0.6 million in May. This continued significant investment underscores the Company's commitment to long-term growth while maintaining a disciplined approach to capital allocation, prioritizing self-funding to minimize equity dilution for shareholders when possible, while still retaining a clean balance sheet with zero long-term debt to bolster the Company's flexible capital deployment strategies. Digi Power X continues to operate with zero long-term debt, supporting its capital flexibility and commitment to self-funding. The Company maintains a disciplined capital strategy, limiting dilution while retaining the ability to swiftly scale when the situation arises. Operations Update The Company currently operates with approximately 100MW of available power across its three sites and is working to expand its capacity to 200MW and beyond. The Company plans to fuel this growth using its existing asset portfolio, combined with strategic expansion through targeted acquisitions. Super Micro Collaboration The Company continues to develop its Tier 3 data center assets, invest in high density compute infrastructure, and pursue selective acquisitions to scale its power capacity and operating footprint. US Data Centers, Inc. (' US Data Centers ') is a wholly-owned subsidiary of the Company dedicated to the development of high-performance computing (' HPC ') and artificial intelligence (' AI ')-focused data centers. During the month of May, the Company announced that it had entered into a collaboration with Super Micro Computer, Inc. (NASDAQ: SMCI) to deploy customized B200 GPU rack solutions at the Company's newly developed data center in Alabama. The collaboration will begin with an initial deployment targeting operational readiness within 120 days, with full test operations expected during Q4 2025. This project lays the foundation for a broader expansion at the Alabama site, with plans to scale up to 22 megawatts (MW) in 2026 and 55 MW by 2027. Digi Power X's 5.5 MW Community Solar Project The Company is also pleased to provide an operational update on its 5.5 MW community solar array located in upstate New York and to share new developments regarding the integration of battery energy storage at its Buffalo facility. Since reaching commercial operation in September 2024, the 5.5 MW community solar project has generated nearly $100,000 in electricity bill credits for Digi Power X's East Delevan facility. Developed in partnership with a regional solar developer and energized pursuant to a long-term agreement announced in 2022, the project has significantly reduced operating costs and strengthened the Company's commitment to sustainability and long-term energy procurement stability. 'Our community solar initiative represents a core component of our ESG strategy,' said Michel Amar, Chief Executive Officer of Digi Power X. 'These energy savings not only drive economic value for our operations but also advance our broader vision of aligning blockchain computing with sustainable energy infrastructure.' In parallel with the success of the community solar array, Digi Power X is actively exploring the integration of a behind-the-meter battery energy storage system at its Buffalo site. This initiative would be pursued in conjunction with the New York State Energy Research and Development Authority's (NYSERDA) Retail Energy Storage Incentive Program, which supports the deployment of up to 5 MW of distributed energy storage per commercial site. By participating in this program, Digi Power X aims to further optimize its energy usage and reinforce grid stability, while contributing to New York State's ambitious target of deploying 6 gigawatts (GW) of energy storage by 2030, as outlined in the state's updated Energy Storage Roadmap. The prospective battery system would enhance onsite energy resilience and provide increased flexibility in energy management during grid stress events or market volatility. 'Our investment in renewable energy and now battery storage positions Digi Power X at the intersection of digital infrastructure and clean technology,' said Luke Marchiori, Chief Sustainability Officer at Digi Power X. 'We are proud to be a proactive partner in New York's energy transition and look forward to continued innovation that enhances both our operational excellence and environmental impact.' About Digi Power X Digi Power X is an innovative energy infrastructure company that develops cutting-edge data centers to drive the expansion of sustainable energy assets. For further information, please contact: Michel Amar, Chief Executive Officer Digi Power X Inc. Investor Relations T: 888-474-9222 Email: IR@ Cautionary Statement Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Except for the statements of historical fact, this news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking information') that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes information about potential further improvements to profitability and efficiency across the Company's operations, including, as a result of the Company's expansion efforts, potential for the Company's long-term growth and clean energy strategy, and the business goals and objectives of the Company. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: future capital needs and uncertainty of additional financing; share dilution resulting from equity issuances; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; effects on Bitcoin prices as a result of the most recent Bitcoin halving; development of additional facilities and installation of infrastructure to expand operations may not be completed on the timelines anticipated by the Company, or at all; ability to access additional power from the local power grid and realize the potential of the clean energy strategy on terms which are economic or at all; a decrease in cryptocurrency pricing, volume of transaction activity or generally, the profitability of cryptocurrency mining; further improvements to profitability and efficiency may not be realized; development of additional facilities to expand operations may not be completed on the timelines anticipated by the Company; ability to access additional power from the local power grid; an increase in natural gas prices may negatively affect the profitability of the Company's power plant; the digital currency market; the Company's ability to successfully mine digital currency on the cloud; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company's operations; the volatility of digital currency prices; and other related risks as more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company's filings at and The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about, among other things, the current profitability in mining cryptocurrency (including pricing and volume of current transaction activity); profitable use of the Company's assets going forward; the Company's ability to profitably liquidate its digital currency inventory as required; historical prices of digital currencies and the ability of the Company to mine digital currencies on the cloud will be consistent with historical prices; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the negative impact of regulatory changes in the energy regimes in the jurisdictions in which the Company operates; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.
