DGXX Schedule 13G/A: Warrant Exercises and Ownership Changes Reported

Rhea-AI Filing Summary

Digi Power X Inc. disclosed that Eleven Ventures LLC, Eleven Managers LLC and Hartley Wasko reported shared voting and dispositive power over 1,053,536 Subordinate Voting Shares, representing 2.6% of the class based on 40,701,840 outstanding Subordinate Voting Shares. The filing shows no sole voting or dispositive power for the reporting persons and records shared control of the reported position.

The statement recounts that the issuer issued 3,113,636 Subordinate Voting Shares and warrants to Eleven Ventures on August 15, 2024, with warrants exercisable on or after February 15, 2025. It details warrant exercises and share dispositions between March 3, 2025 and July 7, 2025, noting that after exercising remaining warrants between July 1 and July 7, 2025, Eleven Ventures and Eleven Managers beneficially owned none of the issuer's Subordinate Voting Shares as of July 7, 2025.

Positive

• Transparent transaction disclosure including issuance, warrant exercisability, exercised amounts and dispositions provides a clear record of ownership changes
• Specific ownership figures are reported: 1,053,536 shares (2.6%) based on 40,701,840 outstanding Subordinate Voting Shares

Negative

• None.

Insights

Financial Analyst

TL;DR: Reporting shows 1,053,536 shares (2.6%) with extensive warrant activity; subsequent exercises and sales left no retained stake by July 7, 2025.

The filing provides a clear transactional timeline: an August 15, 2024 issuance of shares and matching warrants, partial warrant exercises on June 30, 2025, further exercises and dispositions through June 30, and final exercises and sales by July 7, 2025. As reported, the 2.6% position on June 30, 2025 reflects shared voting and dispositive power rather than sole control. For investors, the document documents ownership dynamics and confirms no continuing beneficial stake by the reporting entities as of July 7, 2025.

Corporate Governance Expert

TL;DR: Filing clarifies beneficial ownership, shared authority, and that reported holdings were divested through warrant exercises and sales by early July 2025.

The Schedule 13G/A identifies Eleven Ventures, Eleven Managers and Hartley Wasko as reporting persons and documents shared voting/dispositive power over 1,053,536 Subordinate Voting Shares as of June 30, 2025. The statement includes a certification that the securities were not acquired to influence control and attaches a joint filing agreement. The disclosure provides transparency on related-party transactions and final disposition of warrant-derived shares through July 7, 2025.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Digi Power X Inc.

(Name of Issuer)

Subordinate Voting Shares, with no par value

(Title of Class of Securities)

25381D206

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 25381D206

1

Names of Reporting Persons

Eleven Ventures LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,053,536.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,053,536.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,053,536.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.6 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: On August 15, 2024, the Issuer issued 3,113,636 Subordinate Voting Shares, with no par value (the "Subordinate Voting Shares"), and warrants exercisable for 3,113,636 Subordinate Voting Shares (the "Warrants") to Eleven Ventures LLC ("Eleven Ventures"), with such Warrants being exercisable at any time on or after February 15, 2025, subject to certain terms and limitations, including certain beneficial ownership limitations. The number of shares and percentages in Row 6, Row 8, Row 9, and Row 11 include 139,900 Subordinate Voting Shares held by Eleven Ventures upon the exercise of certain of the Warrants on June 30, 2025, plus 913,636 Warrants that were outstanding and currently exercisable as of June 30, 2025, and reflect the disposition by Eleven Ventures, between March 3, 2025 and June 30, 2025, of (i) 3,113,636 Subordinate Voting Shares, and (ii) 2,060,100 Subordinate Voting Shares that were issued to Eleven Ventures between June 18, 2025 and June 30, 2025 upon the exercise of certain of the Warrants. Between July 1, 2025 and July 7, 2025, the remaining 913,636 Warrants were exercised by Eleven Ventures, and Eleven Ventures sold all of its remaining Subordinate Voting Shares received upon the exercise of the Warrants. As of July 7, 2025, Eleven Ventures beneficially owned none of the Issuer's Subordinate Voting Shares. The percentage reported in Row 11 is based on 40,701,840 Subordinate Voting Shares outstanding, as reported in the Issuer's Prospectus Supplement filed with the Securities and Exchange Commission on July 23, 2025.

SCHEDULE 13G

CUSIP No. 25381D206

1

Names of Reporting Persons

Eleven Managers LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,053,536.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,053,536.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,053,536.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.6 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Eleven Managers LLC ("Eleven Managers") is the Manager of Eleven Ventures and may be deemed to share beneficial ownership over the Subordinate Voting Shares directly owned by Eleven Ventures. The number of shares and percentages in Row 6, Row 8, Row 9, and Row 11 include 139,900 Subordinate Voting Shares held by Eleven Ventures upon the exercise of certain of the Warrants on June 30, 2025, plus 913,636 Warrants that were outstanding and currently exercisable as of June 30, 2025, and reflect the disposition by Eleven Ventures, between March 3, 2025 and June 30, 2025, of (i) 3,113,636 Subordinate Voting Shares, and (ii) 2,060,100 Subordinate Voting Shares that were issued to Eleven Ventures between June 18, 2025 and June 30, 2025 upon the exercise of certain of the Warrants. Between July 1, 2025 and July 7, 2025, the remaining 913,636 Warrants were exercised by Eleven Ventures, and Eleven Ventures sold all of its remaining Subordinate Voting Shares received upon the exercise of the Warrants. As of July 7, 2025, Eleven Ventures and Eleven Managers beneficially owned none of the Issuer's Subordinate Voting Shares. The percentage reported in Row 11 is based on 40,701,840 Subordinate Voting Shares outstanding, as reported in the Issuer's Prospectus Supplement filed with the Securities and Exchange Commission on July 23, 2025.

SCHEDULE 13G

CUSIP No. 25381D206

1

Names of Reporting Persons

Hartley Wasko

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,053,536.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,053,536.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,053,536.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.6 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Hartley Wasko is the Managing Member of Eleven Managers and may be deemed to share beneficial ownership over the Subordinate Voting Shares directly owned by Eleven Ventures. The number of shares and percentages in Row 6, Row 8, Row 9, and Row 11 include 139,900 Subordinate Voting Shares held by Eleven Ventures upon the exercise of certain of the Warrants on June 30, 2025, plus 913,636 Warrants that were outstanding and currently exercisable as of June 30, 2025, and reflect the disposition by Eleven Ventures, between March 3, 2025 and June 30, 2025, of (i) 3,113,636 Subordinate Voting Shares, and (ii) 2,060,100 Subordinate Voting Shares that were issued to Eleven Ventures between June 18, 2025 and June 30, 2025 upon the exercise of certain of the Warrants. Between July 1, 2025 and July 7, 2025, the remaining 913,636 Warrants were exercised by Eleven Ventures, and Eleven Ventures sold all of its remaining Subordinate Voting Shares received upon the exercise of the Warrants. As of July 7, 2025, Eleven Ventures and Eleven Managers beneficially owned none of the Issuer's Subordinate Voting Shares. The percentage reported in Row 11 is based on 40,701,840 Subordinate Voting Shares outstanding, as reported in the Issuer's Prospectus Supplement filed with the Securities and Exchange Commission on July 23, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Digi Power X Inc.
(b)	Address of issuer's principal executive offices: 110 Yonge Street, Suite 1601, Toronto, ON M5C 1T4
Item 2.
(a)	Name of person filing: (i) Eleven Ventures LLC ("Eleven Ventures") (ii) Eleven Managers LLC ("Eleven Managers") (iii) Hartley Wasko
(b)	Address or principal business office or, if none, residence: 463 Adams St. Denver, CO 80206
(c)	Citizenship: (i) Eleven Ventures - Delaware (ii) Eleven Managers - Delaware (iii) Hartley Wasko - United States of America
(d)	Title of class of securities: Subordinate Voting Shares, with no par value
(e)	CUSIP No.: 25381D206
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,053,536 Subordinate Voting Shares.
(b)	Percent of class: 2.6%, based on 40,701,840 Subordinate Voting Shares outstanding, as reported in the Issuer's Prospectus Supplement filed with the Securities and Exchange Commission on July 23, 2025.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Eleven Ventures: 0 Eleven Managers: 0 Hartley Wasko: 0
	(ii) Shared power to vote or to direct the vote: Eleven Ventures: 1,053,536 Eleven Managers: 1,053,536 Hartley Wasko: 1,053,536
	(iii) Sole power to dispose or to direct the disposition of: Eleven Ventures: 0 Eleven Managers: 0 Hartley Wasko: 0
	(iv) Shared power to dispose or to direct the disposition of: Eleven Ventures: 1,053,536 Eleven Managers: 1,053,536 Hartley Wasko: 1,053,536
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Eleven Ventures LLC

Signature:	/s/ Hartley Wasko
Name/Title:	Hartley Wasko/Managing Member, Eleven Managers LLC, its Manager
Date:	08/14/2025

Eleven Managers LLC

Signature:	/s/ Hartley Wasko
Name/Title:	Hartley Wasko/Managing Member
Date:	08/14/2025

Hartley Wasko

Signature:	/s/ Hartley Wasko
Name/Title:	Hartley Wasko
Date:	08/14/2025

Exhibit Information

Exhibit 99.1 Joint Filing Agreement.

FAQ

How many DGXX Subordinate Voting Shares did Eleven Ventures report beneficially owning on 06/30/2025?

The filing reports 1,053,536 Subordinate Voting Shares beneficially owned by Eleven Ventures (shared voting and dispositive power).

What percentage of DGXX did the reported 1,053,536 shares represent?

The reported amount represented 2.6% of the Subordinate Voting Shares, based on 40,701,840 shares outstanding per the issuer's prospectus supplement.

What warrant and exercise activity is disclosed in the Schedule 13G/A for DGXX?

The issuer issued 3,113,636 Subordinate Voting Shares and warrants to Eleven Ventures on August 15, 2024; warrants were exercisable on or after February 15, 2025. The filing notes exercises on June 30, 2025 and additional exercises between July 1 and July 7, 2025.

Did Eleven Ventures retain any DGXX shares after the July 2025 transactions?

No. The filing states that after exercising the remaining 913,636 warrants between July 1 and July 7, 2025, Eleven Ventures sold all remaining Subordinate Voting Shares received and, as of July 7, 2025, beneficially owned none of the issuer's Subordinate Voting Shares.

Who are the reporting persons on this Schedule 13G/A for DGXX?

The reporting persons are Eleven Ventures LLC, Eleven Managers LLC and Hartley Wasko.