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. reported fiscal 2025 results highlighting a major shift from crypto mining to AI infrastructure. Total revenue was $34.2 million, down from $37.0 million as the company intentionally reduced digital currency mining revenue while growing colocation and energy revenue.
The company ended 2025 with $78.5 million in cash, $14.8 million in digital currency, zero debt, and working capital of $86.3 million, for about $93 million of liquidity. Shareholders’ equity rose to $123.3 million and total assets to $134.1 million, reflecting a much stronger balance sheet.
Digi Power X posted a GAAP net loss of $28.4 million, mostly driven by $22.2 million in non‑cash items, and reported Adjusted EBITDA of $(3.2) million. Management emphasized a 400MW AI capacity pipeline and targets 100MW of live AI infrastructure with projected combined annualized revenue run-rate of up to about $282 million upon full activation.
Digi Power X Inc. Chief Technology Officer Jeyapaul Jaganathan reported equity compensation awards rather than open‑market trades. He received employee stock options for 50,000 Subordinate Voting Shares at an exercise price of $2.3900 per share, which the footnotes state are fully vested.
He was also granted 50,000 restricted share units, each representing a right to receive one Subordinate Voting Share upon vesting. According to the vesting schedule, one‑third vests on March 23, 2027, with the remaining two‑thirds vesting quarterly over the following two years.
Digi Power X Inc. filed a current report to share timing for its next financial update. The company plans to announce its fourth quarter and full-year results for the period ended December 31, 2025 after markets close on March 31, 2026, and will also provide an operations update. Digi Power X describes itself as an energy-efficient digital infrastructure company focused on next-generation data centers and energy solutions for high-performance computing.
Digi Power X Inc. furnished a report and press release explaining the structure of its subsidiary US Data Centers, Inc. USDC is an independent company focused on manufacturing and distributing the ARMS modular AI data center system and does not own or operate Digi Power X sites or share in site-level revenue.
Digi Power X retains 100% of revenue from its own data center properties and currently holds a 55% equity stake in USDC. The clarification highlights that USDC can raise capital at the subsidiary level, pursue potential future liquidity events, and target external customers, while Digi Power X continues its core data center and AI/GPU infrastructure operations.
Digi Power X Inc. filed a Form 8‑K to share a Canadian material change report describing the next phase of its US Data Centers, Inc. (USDC) AI infrastructure strategy. USDC is developing the ARMS™ modular Tier III AI data center platform to deploy high‑density AI computing more quickly than traditional builds.
This phase is being advanced through an independent private capital raise at USDC. USDC issued 3,200,000 shares of Preferred Stock for total proceeds of US$800,000, implying a valuation of approximately US$10 million. Digi Power X remains USDC’s majority shareholder through Common Stock representing more than 50% of USDC’s equity.
The report notes a related party transaction in which certain Digi Power X officers and directors received an aggregate of 10,200,000 USDC Common shares as compensation for services. The company is relying on exemptions under MI 61‑101 for this insider participation and highlights risks around USDC’s future capital needs, dilution of Digi Power X’s economic interest, lack of voting control, execution costs and uncertain demand for AI infrastructure.
Digi Power X Inc. president and director Amar Alec sold 27,500 Subordinate Voting Shares in an open-market transaction at a weighted average price of $2.86 per share. After this sale, he directly holds 1,368,949 Subordinate Voting Shares and indirectly holds 45,000 shares through Matbrands LLC.
Footnotes note that the sale was executed in multiple trades between $2.64 and $2.96 per share, and that certain restricted stock units are scheduled to vest between December 1, 2026 and February 9, 2027 under the company’s Restricted Share Unit Plan.
Alec Amar reported sales of common stock under a 10b5-1 plan.
The filing lists three 10b5-1 sale transactions: 27,500 shares on 12/04/2025 for $100,523.50, 27,500 shares on 01/02/2026 for $74,690.00, and 27,500 shares on 02/02/2026 for $69,616.25.
The cover data also shows 82,500 restricted stock units dated 01/11/2024 and lists Morgan Stanley Smith Barney LLC as the broker.
Digi Power X Inc. filed a current report outlining its shift from Bitcoin mining to a vertically integrated AI infrastructure model built around its ARMS 200 modular Tier 3 data centers. The first ARMS 200 system at the Alabama site is expected to begin live operations in the third week of March 2026, with full commissioning and initial GPU-as-a-Service AI revenue anticipated in April 2026.
The company targets 10 megawatts of AI capacity in Alabama by Q3 2026 and estimates annualized revenue potential of about $15 million per megawatt, or roughly $150 million at 10 megawatts, assuming near-capacity utilization and current market pricing. As of February 27, 2026, Digi Power X reported total liquidity of about $80 million, remains debt-free, and plans approximately $33.1 million of infrastructure capital spending through the end of Q3 2026.
The update also highlights a non-binding letter of intent with Omnis Pleasants LLC to study up to 1.3 gigawatts of power for large-scale AI and high-performance computing, the appointment of former Verizon CEO Hans Vestberg as a senior advisor, and the company’s recent uplisting to Cboe Canada while maintaining its Nasdaq listing.
Digi Power X Inc. is changing where its Canadian shares trade by uplisting from the TSX Venture Exchange to Cboe Canada, effective at market open on February 27, 2026. Its subordinate voting shares will trade on Cboe Canada under the symbol DGX and will continue to trade on Nasdaq under DGXX.
The shares will be voluntarily delisted from the TSX Venture Exchange as of close of market on February 26, 2026. The company will remain a reporting issuer under Canadian securities laws during this transition, and shareholders are not required to take any action in connection with the new Cboe Canada listing.
Digi Power X Inc. filed a Form 8-K to share a Canadian material change report and press release announcing the closing of its previously disclosed settlement with H.C. Wainwright & Co., LLC. As part of the settlement, the company issued a warrant exercisable for up to 269,231 subordinate voting shares at US$2.85 per share for five years.
The company also granted a total of 200,000 stock options to certain directors under its stock option plan. This includes 100,000 options exercisable at US$2.60 per share and 100,000 options at US$6.00 per share, all expiring on January 30, 2031 and vesting fully on the grant date.