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

Digi Power X (NASDAQ:DGXX) released its quarterly earnings results on Friday, May 15th. The company reported ($0.07) EPS for the quarter, Zacks reports. The business had revenue of $6.79 million during the quarter. Digi Power X had a negative net margin of 98.79% and a negative return on equity of 42.04%.

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

• Adjusted EBITDA turned positive in Q1 2026 at $1.1 million, versus a $1.3 million loss a year ago, suggesting improving operating momentum even as the company winds down legacy mining revenue.
• The company highlighted a very strong balance sheet, with no long-term debt and management citing roughly $125 million of cash plus about $15 million of digital assets as of May 15, 2026.
• Digi Power X said its AI pivot is now producing revenue, with NeoCloudz GPU-as-a-service beginning first revenue in May 2026 and the first GPU bare-metal delivery already completed to a customer.
• Management emphasized significant infrastructure and power advantages, including about 393 MW of secure capacity across owned sites and progress toward the Columbiana, Alabama AI campus being ready for service in late 2026 to early 2027.
• The company laid out an aggressive multi-year growth target, projecting about a $300 million annual run rate in 2027 and up to $800 million-$1 billion by 2029, while expecting future expansion to be financed more through debt to reduce dilution.

Digi Power X Trading Down 9.6%

Shares of Digi Power X stock traded down $0.49 on Thursday, reaching $4.60. 5,958,121 shares of the stock were exchanged, compared to its average volume of 6,596,159. The firm has a market capitalization of $415.94 million, a PE ratio of -7.08 and a beta of 6.19. Digi Power X has a 1-year low of $1.86 and a 1-year high of $9.20. The business has a fifty day moving average price of $6.33 and a two-hundred day moving average price of $3.93.

Analyst Upgrades and Downgrades

DGXX has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Digi Power X from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Alliance Global Partners reissued a “buy” rating on shares of Digi Power X in a report on Friday, May 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Digi Power X in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Digi Power X has an average rating of “Hold” and an average price target of $4.00.

Insiders Place Their Bets

In other Digi Power X news, President Alec Amar sold 27,500 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $3.56, for a total transaction of $97,900.00. Following the transaction, the president owned 1,368,949 shares in the company, valued at approximately $4,873,458.44. The trade was a 1.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hedge Funds Weigh In On Digi Power X

Several hedge funds have recently bought and sold shares of DGXX. J.W. Cole Advisors Inc. purchased a new position in shares of Digi Power X during the 4th quarter worth about $29,000. Commonwealth Equity Services LLC acquired a new position in shares of Digi Power X in the 4th quarter valued at $29,000. Advisory Services Network LLC purchased a new stake in shares of Digi Power X during the 4th quarter valued at $37,000. Private Advisor Group LLC acquired a new stake in shares of Digi Power X during the 3rd quarter worth $39,000. Finally, Orion Porfolio Solutions LLC acquired a new stake in shares of Digi Power X during the 4th quarter worth $54,000. 1.93% of the stock is owned by hedge funds and other institutional investors.

About Digi Power X

Digihost Technology Inc operates as a blockchain technology company that focuses on digital currency mining in the United States. It mines for cryptocurrency. The company was incorporated in 2017 and is headquartered in Toronto, Canada.