Digi Power X (NASDAQ:DGXX) Issues Earnings Results

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

DGXX stock traded up $0.06 on Friday, reaching $2.27. The company had a trading volume of 5,535,583 shares, compared to its average volume of 5,047,116. Digi Power X has a 1 year low of $1.77 and a 1 year high of $9.20. The company’s fifty day moving average is $3.17 and its 200 day moving average is $3.91. The company has a market cap of $229.67 million, a P/E ratio of -4.21 and a beta of 6.31.

Insider Transactions at Digi Power X

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

Hedge Funds Weigh In On Digi Power X

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its position in shares of Digi Power X by 32.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 22,616 shares of the company’s stock valued at $93,000 after buying an additional 5,500 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in Digi Power X during the second quarter valued at about $66,000. FNY Investment Advisers LLC bought a new stake in Digi Power X in the second quarter worth $79,000. Chicago Partners Investment Group LLC bought a new position in Digi Power X during the 1st quarter valued at about $34,000. Finally, Wedbush Securities Inc. purchased a new stake in shares of Digi Power X in the second quarter valued at approximately $113,000. 1.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DGXX. Wall Street Zen lowered shares of Digi Power X from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. Alliance Global Partners reaffirmed a “buy” rating on shares of Digi Power X in a research note on Friday, August 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Digi Power X in a research note on Thursday, October 15th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.00.

About Digi Power X

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.