Digi Power X Inc. SEC Filings

Digi Power X Inc. (DGXX) President and director Amar Alec reported an open-market purchase of 10,000 Subordinate Voting Shares on 2026-08-20 at a weighted average price of $3.86 per share, from individual trades between $3.84 and $3.88, bringing his directly held Subordinate Voting Shares to 1,378,949. He also reports indirect ownership of 45,000 Subordinate Voting Shares through Matbrands LLC. The filing lists fully vested employee stock options with exercise prices of $1.51 and $3.54 per share (U.S. dollar values converted from Canadian dollar exercise prices) expiring in 2030, and several series of Restricted Stock Units that will vest between November 2026 and February 2027, each convertible into one Subordinate Voting Share upon vesting. Footnotes clarify that most derivative and RSU lines are holdings only, with no new transaction on the report date.

Digi Power X Inc. (DGXX) director, chief executive officer and ten percent owner Amar Michel reported purchasing 20,000 Subordinate Voting Shares on August 19, 2026 in open-market or private transactions at a weighted average price around $3.60 per share, bringing his directly held Subordinate Voting Shares to 1,699,885. He also reports indirect holdings of Subordinate Voting Shares through Bit Mining International LLC, Bit.Management, LLC and NYAM, LLC, and retains employee stock options with exercise prices of $1.50 and $3.53 per share plus restricted stock units that are scheduled to vest between late 2026 and early 2027.

Digi Power X Inc. has been reported as held by several Citadel-affiliated entities and Kenneth Griffin under a Schedule 13G/A, each with relatively small positions. The disclosure is based on 90,420,824 Shares outstanding as of May 15, 2026.

Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC may each be deemed to beneficially own 298,960 Shares, or 0.3% of the class. Citadel Securities LLC may be deemed to beneficially own 1,049,346 Shares, or 1.2%. Citadel Securities Group LP and Citadel Securities GP LLC may each be deemed to beneficially own 1,807,922 Shares, or 2.0%. Kenneth Griffin may be deemed to beneficially own 2,106,882 Shares, representing 2.3% of the Subordinate Voting Shares. All reported voting and dispositive authority is shared, with no sole voting or dispositive power for any reporting person.

Bakay Capital Fund, L.P., Bakay Capital Management, LLC and Berke Bakay report their beneficial ownership in Digi Power X Inc. subordinate voting shares in this amended Schedule 13G filing. The Fund beneficially owns 2,484,712 subordinate voting shares, including 189,394 shares issuable upon exercise of certain warrants, representing 2.7% of the class. Bakay Capital Management, as investment adviser and general partner of the Fund, may also be deemed to beneficially own these securities and likewise reports 2.7% ownership. Berke Bakay, as managing member of the Manager and an individual holder of 66,666 shares, reports beneficial ownership of 2,551,378 shares, or 2.8% of the class. The ownership percentages are based on 90,420,824 subordinate voting shares outstanding as of May 15, 2026, plus the 189,394 warrant shares, and all reporting persons expressly disclaim beneficial ownership except to the extent of any pecuniary interest.

Digi Power X Inc. generated revenue of $14,595,820 for the six months ended June 30, 2026, down from $17,388,038 a year earlier, as it transitions from Bitcoin mining toward AI-focused infrastructure and services. Colocation and energy sales remained the largest contributors, while a new GPU rental stream added $1,082,592 in the quarter.

The company reported a net loss of $19,012,854 for the six-month period, compared with $11,337,824 in 2025, driven by higher depreciation, share-based compensation of $7,104,782, and a loss from change in fair value of warrant liabilities. Gross loss widened and all operating segments posted negative EBITDA.

Despite losses, the balance sheet strengthened: cash rose to $128,121,977 and total assets to $279,576,320, largely from issuing 27,950,000 shares for $163,209,169 and significant investment in property, plant and equipment for Tier III AI data centers. Digi Power X agreed a long-term colocation deal with Cerebras Systems Inc. with an initial term contract value of approximately $1.1 billion, and signed a 24‑month bare‑metal GPU rental agreement with SubQ AI with an expected value of about $19.6 million, both subject to the company meeting construction and financing obligations.

Digi Power X Inc. reported second quarter 2026 results that highlight its transition into an AI infrastructure business. For Q2 2026, the company generated approximately $6.6 million in revenue and recorded a GAAP net loss of $14.4 million. After adding back non-cash and non-core items, including share-based compensation, crypto revaluation and warrant fair value changes, Adjusted EBITDA was $3.3 million, indicating positive earnings on this non-GAAP basis.

Management reports approximately $1.1 billion of contracted AI data center revenue from a 10-year agreement tied to its Columbiana, Alabama Tier III facility, with potential expansion to about $2.5 billion. The company cites roughly $150 million of cash and no debt, plus around $30 million invested in GPU infrastructure representing 0.6 MW that generated about $1.1 million of AI compute revenue in Q2. Digi Power X targets an annualized revenue run-rate of $250–$300 million by Q3 2027, including roughly $140 million from contracted revenue and additional contributions from 40 MW of colocation and 10 MW of GPU bare-metal capacity, subject to execution, financing and customer ramp.

Digi Power X Inc. plans to release financial results for its fiscal second quarter ended June 30, 2026 on August 14, 2026. On the same day, executives will provide an operations update and host a conference call at 8:30 a.m. Eastern Time, open to all interested investors.

Digi Power X operates a vertically integrated portfolio of power assets and AI data center capacity in Alabama, New York, and North Carolina. Its NeoCloudz platform delivers GPU-as-a-Service on dedicated, bare metal NVIDIA infrastructure, with results and updates to be posted on its website.

Digi Power X Inc. is registering for resale up to 380,590 subordinate voting shares issuable upon exercise of common share purchase warrants from its February 2025 private placement. These Resale Shares will be sold, if at all, by the selling securityholders in market or negotiated transactions.

The company is not selling shares in this offering and will receive no proceeds from any resale, though it may receive up to approximately $1,392,959 in gross proceeds if all related warrants are exercised for cash at an exercise price of $3.66 per share. Subordinate voting shares outstanding were 98,543,355 as of July 2, 2026, and would be 98,923,945 if all 380,590 warrants covered here are exercised.

The company is an energy infrastructure and data center operator serving high-performance computing, AI/GPU workloads, and bitcoin mining, with facilities in New York and Alabama. It is classified as both an emerging growth company and a smaller reporting company, which allows reduced U.S. public reporting requirements.

Digi Power X Inc. provided an operations and financial update focused on funding its AI data center expansion and setting 2027 goals. As of July 3, 2026, the Company held about $155 million in cash and cash equivalents and had deployed roughly $95 million of capital into its Alabama site year-to-date from internal resources.

Management highlighted continued execution on Tier 3 AI data center development, the NeoCloudz GPU-as-a-Service platform, and project-level financing for the next phase. Digi Power X also noted that the ARMS 200 modular unit at its Alabama facility has been operating at Tier 3 standards and generating AI-related revenue since May 15, 2026.

For fiscal 2027, the Company is targeting an annualized revenue run rate of approximately $250–$300 million across its three operating segments, while emphasizing that these targets depend on execution, customer ramp, financing availability and various outlined risks.