Digi Power X Inc. filings document material events for a British Columbia corporation operating in AI data center infrastructure. Recent Form 8-K reports cover Regulation FD disclosures, results of operations and financial condition, and material change reports furnished in connection with Canadian securities filings.
The filing record also documents definitive agreements tied to AI colocation capacity, bare metal GPU rental activity, and the company’s at-the-market equity program for subordinate voting shares. Related disclosures address Form S-3 registration and prospectus supplement activity, emerging growth company status, capital structure, and governance context for the company’s public securities.
Digi Power X Inc. is asking shareholders to vote on six proposals at its virtual annual and special meeting on December 21, 2026. The agenda includes electing five directors, ratifying Davidson & Company LLP as auditor for fiscal 2026, combining its subordinate voting and proportionate voting shares into one common-share class, changing the quorum requirement, and amending its restricted share unit and stock option plans.
Under the proposed share-class change, each subordinate voting share would become one common share and each proportionate voting share would become 200 common shares. Approval requires two-thirds of votes cast overall and separate two-thirds votes from each class. The quorum proposal would amend the articles from 5% to 33⅓%; the Board has separately adopted a 33⅓% quorum requirement for the December meeting.
The plan amendments would set each plan’s maximum at approximately 10% of issued and outstanding subordinate voting shares as of October 27, 2026, add automatic annual increases, and cap shares issuable under each plan at 20% of issued and outstanding subordinate voting shares. The Board recommends voting for all six proposals.
Digi Power X Inc. (DGXX) Chief Executive Officer, director and 10% owner Michel Amar purchased 20,000 Subordinate Voting Shares on October 14, 2026, at a weighted average price of $2.7628 per share. The trades were executed at prices ranging from $2.755 to $2.775. No Rule 10b5-1 plan is reported for the purchase.
Amar’s reported direct position after the purchase was 1,719,885 shares. The report also lists indirect holdings by Bit Mining International LLC (626,544 shares), Bit.Management, LLC (2,165,889 shares) and NYAM, LLC (1,493,162 shares).
Digi Power X Inc. (DGXX) has filed Amendment No. 1 to its shelf registration statement to register the resale of up to 380,590 subordinate voting shares, all issuable upon exercise of common share purchase warrants from a February 2025 private placement. These shares will be sold, if at all, by the selling securityholders in market or negotiated transactions.
The company is not issuing or selling any shares in this offering and will not receive proceeds from resales of the registered shares; it would receive up to approximately $1.39 million only if all related warrants are exercised for cash at an exercise price of $3.66 per share. Subordinate voting shares outstanding were 101,393,355 as of August 14, 2026, and would rise to 101,773,945 if all these warrants are exercised. Digi Power X operates energy‑intensive data centers, bitcoin mining and AI/GPU infrastructure, including a 60 MW gas-fired plant in North Tonawanda and facilities in Buffalo, New York and Columbiana, Alabama, and is classified as both an emerging growth company and a smaller reporting company under U.S. securities laws.
Digi Power X Inc. (DGXX) reported that Chief Technology Officer Jeyapaul Jaganathan received equity awards. On 2026-08-19, he was granted 125,000 employee stock options with an exercise price of $3.58, fully vested. On 2026-05-15, he was granted 25,000 options at $7.22 and 75,000 restricted share units (RSUs), each RSU representing one Subordinate Voting Share. The 75,000 RSUs are scheduled to vest in three equal installments on May 15, 2027, May 15, 2028, and May 15, 2029.
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.