Digihost Technology Inc. operates as a blockchain technology company that focuses on digital currency mining in the United States. It mines for cryptocurrency. The company was incorporated in 2017 and is headquartered in Toronto, Canada.
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I could not find information for a public company named "Digi Power X" with the ticker symbol "DGXX". Therefore, I am unable to identify its major products or services.
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I am unable to identify the major customers for "Digi Power X" (symbol: DGXX) because this company does not appear to be a real, publicly traded entity. My search for companies with this name and stock symbol did not yield any legitimate results.
Therefore, I cannot provide information regarding its customers or customer categories.
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Michel Amar, Chairman & Chief Executive Officer
Michel Amar is the founder and CEO of Digi Power X Inc., which was formerly known as Digihost Technology Inc. He has been in this role since February 14, 2020. Amar founded the company eight years ago (as of July 2025), initially establishing Bitcoin mining farms. He subsequently oversaw the acquisition of a combined cycle gas power plant, transitioning the company into a power infrastructure business. Under his leadership, Digi Power X is now strategically pivoting to developing advanced AI data centers, leveraging its existing power infrastructure. He has invested a significant amount of his own personal money into the company.
Paul Ciullo, Chief Financial Officer
Paul Ciullo serves as the Chief Financial Officer for Digi Power X Inc. He holds both CPA and M.B.A. qualifications.
Alec Amar, President & Director
Alec Amar holds the position of President and is also a Director at Digi Power X Inc. He is the son of CEO Michel Amar.
Daniel Rotunno, Vice President of Operations
Daniel Rotunno is the Vice President of Operations at Digi Power X Inc. He is part of the company's experienced operational team.
Luke Marchiori, Chief Renewable Energy Officer
Luke Marchiori is the Chief Renewable Energy Officer for Digi Power X Inc.
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Digi Power X (DGXX) operates in several key markets related to energy infrastructure, data centers, and digital assets. The addressable markets for its main products and services are as follows:
Cryptocurrency Mining
The global cryptocurrency mining market was valued at approximately USD 2.45 billion in 2024 and is projected to reach around USD 8.24 billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 12.90% from 2024 to 2034. Another estimate places the global market at USD 4.66 billion in 2024, expanding to USD 14.09 billion by 2035 with a CAGR of 10.57%. North America holds a significant portion of this market, with some reports indicating it is the dominant region.
Sales of Energy (for Data Centers)
Digi Power X's "Sales of Energy" segment is closely tied to the data center power market. The North American data center power market is estimated at USD 15.81 billion in 2025 and is expected to reach USD 23.50 billion by 2031, with a CAGR of 6.83%. Globally, the data center power market was valued at USD 14.92 billion in 2024 and is projected to grow from USD 15.97 billion in 2025 to USD 26.45 billion by 2032, at a CAGR of 7.5%. North America accounted for 37.53% of the global data center power market in 2024. In the U.S., data centers consumed 183 terawatt-hours (TWh) of electricity in 2024, projected to increase to 426 TWh by 2030.
Colocation Services & AI Data Centers (including GPU-as-a-Service and Cluster Solutions)
Digi Power X develops data centers for AI, hyperscale, and blockchain workloads, offering "GPU-as-a-Service" and "Cluster Solutions".
- Global Data Center Colocation Market: The market was valued at approximately USD 77.15 billion in 2024 and is expected to reach USD 231.93 billion by 2032, at a CAGR of 14.75%.
- U.S. Data Center Colocation Market: This market was valued at USD 22.2 billion in 2024 and is estimated to grow to USD 58.8 billion by 2032, with a CAGR of 13.1%. Another projection indicates the U.S. market generated USD 24.551 billion in 2024 and is expected to reach USD 55.2919 billion by 2030, at a CAGR of 14.9%. North America dominated the global data center colocation market with over 40% share in 2023.
- Global AI Data Centers Market: The market size was valued at USD 15.02 billion in 2024 and is projected to grow from USD 17.73 billion in 2025 to USD 93.60 billion by 2032, exhibiting a CAGR of 26.83%. Other estimates for the global market range from USD 17.54 billion in 2025 to USD 165.73 billion by 2034 (CAGR of 28.34%) and from USD 236.44 billion in 2025 to USD 933.76 billion by 2030 (CAGR of 31.6%). North America held the largest share of the global AI data centers market in 2024.
- U.S. AI Data Centers Market: The U.S. market was valued at approximately USD 5.38 billion in 2024 and is projected to expand at a CAGR of 26.4%. It is also projected to be worth around USD 46.15 billion by 2034, growing at a CAGR of 28.60% from 2025.
- Global GPU as a Service (GPUaaS) Market: This market was valued at USD 4.96 billion in 2025 and is predicted to increase to approximately USD 31.89 billion by 2034, expanding at a CAGR of 22.98%. Another source estimates the market at USD 5.70 billion in 2025, reaching USD 21.24 billion by 2030 with a CAGR of 30.08%. A more optimistic projection suggests growth from USD 7.8 billion in 2025 to USD 208.6 billion by 2035, at a CAGR of 39.0%. North America dominated the global GPU as a service market, holding more than 34% of the market share in 2024.
- U.S. GPU as a Service (GPUaaS) Market: The U.S. market size is projected to be worth around USD 7.15 billion by 2034, growing at a CAGR of 23.16% from its USD 1.10 billion valuation in 2025.
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Digi Power X (DGXX) is poised for significant future revenue growth over the next 2-3 years, driven by its strategic pivot towards artificial intelligence (AI) infrastructure and the expansion of its high-performance computing offerings. The following are 3-5 expected drivers of this growth:
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Transition to AI Infrastructure and Tier III Data Centers: Digi Power X is undergoing a strategic transition from cryptocurrency mining to focusing on AI-driven infrastructure and developing Tier III-certified modular AI data centers. This involves a phased deployment plan to allocate existing power assets towards AI-driven projects, with targets of 55 MW (40 MW critical load capacity) by Q4 2026 and 195 MW (including 140 MW of critical AI compute infrastructure) by 2027. This expansion into high-density, AI-optimized data center capacity in North America is a core growth driver.
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Deployment and Expansion of ARMS Modules: The company is actively deploying and expanding its ARMS (AI-Ready Modular Solution) platform, which has achieved Tier III certification. The first Tier III certified ARMS 200 pod is anticipated to be commissioned in December 2025 at its Alabama facility. Digi Power X plans to scale these deployments into larger ARMS 500 (5MW) and ARMS 1000 (10MW) clusters, offering scalable and reliable AI compute infrastructure. Additionally, five new ARMS-200 GPU modules are scheduled to come online at the Alabama facility by March 2026, significantly increasing the company's total GPU capacity to 2,304 high-performance GPUs.
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Launch and Growth of the NeoCloudz GPU-as-a-Service Platform: Digi Power X is developing a retail compute platform named "NeoCloudz," which is expected to launch in January 2026. This platform will provide on-demand access to GPU compute for developers, startups, and enterprises through a consumer-grade interface. Leveraging Digi Power X's Tier III infrastructure, high-efficiency liquid cooling, and low-latency networking, NeoCloudz aims to deliver scalable, high-performance AI and high-performance computing (HPC) capabilities to a broader market, thereby generating recurring revenues through its GPU-as-a-Service model.
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Securing Long-Term AI Customer Contracts: The company is engaged in advanced discussions with multiple AI customers to secure long-term infrastructure contracts. The finalization of these contracts is expected to substantially increase revenue growth. These partnerships will leverage Digi Power X's expanded capacity and Tier III certified infrastructure to support the growing demand from enterprise AI, fintech, and data-intensive sectors.
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Growth in Colocation and Energy Sales Revenue: Digi Power X has demonstrated significant growth in its colocation and energy sales segments. In the first half of 2025, colocation revenue increased by 163% year-over-year, and energy sales grew by 127% in Q2 2025. This monetization of power assets alongside core colocation services is expected to continue contributing to revenue as the company expands its power capacity and transitions further into AI infrastructure deployments.
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Share Issuance
- In July 2025, Digi Power X completed a direct offering, attracting approximately $15 million by selling 4,807,693 shares at $3.12 per share.
- During Q2 2025, the company raised an additional $6.6 million through a private issuance and $4.5 million from warrant exercises.
- The number of basic shares outstanding has increased, rising from $22 million in 2021 to $31 million in 2024, and further to $35 million by Q1 2025.
Inbound Investments
- A direct offering in July 2025 brought in $15 million from a single new fundamental institutional investor, demonstrating growing interest in the company's AI infrastructure strategy.
- Digi Power X secured $6.6 million through a private placement and an additional $4.5 million from warrant exercises in Q2 2025.
Capital Expenditures
- For the trailing 12 months as of November 2025, Digi Power X reported capital expenditures of approximately -$2.15 million.
- Year-to-date as of November 3, 2025, the company invested approximately $8.6 million in CapEx.
- The primary focus of capital expenditures includes expanding the deployment of NeoCloud Tier 3 AI infrastructure, accelerating the manufacturing and global distribution of ARMS 200 pods, and executing strategic joint ventures for energy deployments. The company anticipates staged AI power rollouts to reach 55 MW by Q4 2026 and a target of 195 MW operational capacity (140 MW critical) in 2027.