Welcome to our dedicated page for Digi Power X news (Ticker: DGXX), a resource for investors and traders seeking the latest updates and insights on Digi Power X stock.
Digi Power X Inc. reports developments in AI data center infrastructure, including power-backed data center capacity, enterprise colocation, and bare metal GPU services. The company operates a vertically integrated portfolio of power assets and data center capacity across Alabama, New York, and North Carolina, and its NeoCloudz platform delivers GPU-as-a-Service on dedicated NVIDIA infrastructure.
Recurring updates cover financial results, operations, customer agreements for AI colocation and GPU rentals, subsidiary structure around US Data Centers, Inc. and ARMS modular systems, and capital-market activity involving subordinate voting shares and at-the-market equity offerings.
Digi Power X (NASDAQ: DGXX) reported strong financial results for 2024, with revenue increasing 42% year-over-year to $37.0 million. The company achieved a remarkable 228% EBITDA improvement, turning a $6.9 million loss in 2023 into an $8.8 million gain in 2024.
Key performance highlights include:
- Colocation services grew by 829% to $15.79 million
- Energy sales increased 41% to $4.61 million
- Digital assets rose 450% to $4.53 million
- Property, plant, and equipment totaled $21.72 million
The company successfully diversified its revenue streams, with 72% of 2024 revenues coming from services outside digital currency mining. Notable achievements include signing an agreement for hosting 11,000 S21 miners (44 MW) and becoming an anchor subscriber to a 5 MW community solar project in Grand Island, NY. The company has eliminated all long-term debt and is expanding into Tier 3 AI data centers through its new U.S. Data Center subsidiary.
Digi Power X (Nasdaq: DGXX / TSXV: DGX), a company focused on developing innovative energy infrastructure and data centers, has scheduled the release of its Q4 and full-year 2024 financial results for March 31, 2025, after market close. The announcement will include both financial performance data and an operational update.
Digi Power X, a data center and energy infrastructure company, has announced a ticker symbol change on the Nasdaq Stock Exchange from DGHI to DGXX, effective March 18, 2025. The change aims to improve brand alignment between the company's stock and corporate identity.
The company's shares will continue trading on the TSX Venture Exchange under the symbol DGX. Existing shareholders are not required to take any action, as the CUSIP number remains unchanged and previously issued share certificates are unaffected by this symbol change.