Digi Power X (DGXX)
Market Price (9/24/2026): $4.305 | Market Cap: $368.0 MilSector: Utilities | Industry: Independent Power Producers & Energy Traders
Digi Power X (DGXX)
Market Price (9/24/2026): $4.305Market Cap: $368.0 MilSector: UtilitiesIndustry: Independent Power Producers & Energy Traders
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -36% Megatrend and thematic driversMegatrends include Sustainable Infrastructure, Smart Grids & Grid Modernization, and Renewable Energy Transition. Themes include Smart Grid Technologies, Show more. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -31 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -103% Expensive valuation multiplesP/SPrice/Sales ratio is 12x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.2%, Rev Chg QQuarterly Revenue Change % is -18% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 41% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -59%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -430% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 168% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -14% High stock price volatilityVol 12M is 117% Key risksDGXX key risks include [1] its ongoing operational losses and the execution risk of its high-stakes pivot to AI infrastructure, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -36% |
| Megatrend and thematic driversMegatrends include Sustainable Infrastructure, Smart Grids & Grid Modernization, and Renewable Energy Transition. Themes include Smart Grid Technologies, Show more. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -31 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -103% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 12x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.2%, Rev Chg QQuarterly Revenue Change % is -18% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 41% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -59%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -430% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 168% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -14% |
| High stock price volatilityVol 12M is 117% |
| Key risksDGXX key risks include [1] its ongoing operational losses and the execution risk of its high-stakes pivot to AI infrastructure, Show more. |
Qualitative Assessment
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Digi Power X (DGXX) stock has lost about 45% since 5/31/2026 because of the following key factors:
1. Digi Power X reported significant financial underperformance in fiscal Q2 2026 (ended June 30, 2026), missing analyst expectations for both earnings and revenue. The company posted an earnings per share (EPS) of -$0.17, missing analyst estimates of -$0.07 by 142.86%, and revenue of approximately $6.6 million, which fell short of analyst estimates by 24% and represented an 18% decrease from fiscal Q2 2025.
2. The decline in revenue was largely due to the continued wind-down of legacy operations, while the ramp-up of new AI-focused revenue streams was perceived as slow. Digi Power X's strategic shift away from cryptocurrency mining towards AI compute infrastructure saw its first AI compute revenue of $1.1 million from GPU bare-metal rentals during fiscal Q2 2026, generated from approximately five weeks of operations. However, this was insufficient to offset the 18% overall revenue decline in the quarter compared to the prior year, as legacy operations continued to decrease.
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Digi Power X (DGXX) stock has lost about 45% since 5/31/2026 because of the following key factors:
1. Digi Power X reported significant financial underperformance in fiscal Q2 2026 (ended June 30, 2026), missing analyst expectations for both earnings and revenue. The company posted an earnings per share (EPS) of -$0.17, missing analyst estimates of -$0.07 by 142.86%, and revenue of approximately $6.6 million, which fell short of analyst estimates by 24% and represented an 18% decrease from fiscal Q2 2025.
2. The decline in revenue was largely due to the continued wind-down of legacy operations, while the ramp-up of new AI-focused revenue streams was perceived as slow. Digi Power X's strategic shift away from cryptocurrency mining towards AI compute infrastructure saw its first AI compute revenue of $1.1 million from GPU bare-metal rentals during fiscal Q2 2026, generated from approximately five weeks of operations. However, this was insufficient to offset the 18% overall revenue decline in the quarter compared to the prior year, as legacy operations continued to decrease.
3. Analyst sentiment shifted following a revised outlook and concerns regarding customer acquisition in the new AI segment. Despite highlighting $1.1 billion in contracted AI data center revenue over 10 years, Digi Power X lowered its fiscal year 2026 sales estimate to $33.2 million from an earlier projection of $47.2 million. This revision was attributed to a conservative deployment schedule and a reported lack of new customers for the AI business, which likely contributed to a change in analyst consensus ratings to "Hold" from a previous "Strong Buy."
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Stock Movement Drivers
Fundamental Drivers
The -46.0% change in DGXX stock from 5/31/2026 to 9/23/2026 was primarily driven by a -30.4% change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9232026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.81 | 4.22 | -46.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 32 | 30 | -4.7% |
| P/S Multiple | 17.2 | 11.9 | -30.4% |
| Shares Outstanding (Mil) | 70 | 85 | -18.5% |
| Cumulative Contribution | -46.0% |
Market Drivers
5/31/2026 to 9/23/2026| Return | Correlation | |
|---|---|---|
| DGXX | -46.0% | |
| Market (SPY) | 1.8% | 54.2% |
| Sector (XLU) | -9.9% | -15.2% |
Fundamental Drivers
The 52.9% change in DGXX stock from 2/28/2026 to 9/23/2026 was primarily driven by a 209.1% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9232026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.76 | 4.22 | 52.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 31 | 30 | -3.1% |
| P/S Multiple | 3.9 | 11.9 | 209.1% |
| Shares Outstanding (Mil) | 44 | 85 | -49.0% |
| Cumulative Contribution | 52.9% |
Market Drivers
2/28/2026 to 9/23/2026| Return | Correlation | |
|---|---|---|
| DGXX | 52.9% | |
| Market (SPY) | 12.5% | 49.6% |
| Sector (XLU) | -15.6% | -10.0% |
Fundamental Drivers
The 91.8% change in DGXX stock from 8/31/2025 to 9/23/2026 was primarily driven by a 377.1% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 9232026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.20 | 4.22 | 91.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 32 | 30 | -6.2% |
| P/S Multiple | 2.5 | 11.9 | 377.1% |
| Shares Outstanding (Mil) | 37 | 85 | -57.2% |
| Cumulative Contribution | 91.8% |
Market Drivers
8/31/2025 to 9/23/2026| Return | Correlation | |
|---|---|---|
| DGXX | 91.8% | |
| Market (SPY) | 20.3% | 34.7% |
| Sector (XLU) | -3.1% | 0.5% |
Fundamental Drivers
nullnull
Market Drivers
8/31/2023 to 9/23/2026| Return | Correlation | |
|---|---|---|
| DGXX | ||
| Market (SPY) | 77.0% | 28.1% |
| Sector (XLU) | 38.2% | 4.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DGXX Return | - | - | - | - | 114% | 71% | 266% |
| Peers Return | 2407% | -81% | 382% | 14% | 62% | 53% | 6429% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| DGXX Win Rate | - | - | - | - | 50% | 56% | |
| Peers Win Rate | 52% | 35% | 63% | 45% | 62% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| DGXX Max Drawdown | - | - | - | - | - | -61% | |
| Peers Max Drawdown | -69% | -88% | -62% | -61% | -61% | -45% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: APLD, RIOT, MARA, CLSK, WULF.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/23/2026 (YTD)
How Low Can It Go
DGXX has limited trading history. Below is the Utilities sector ETF (XLU) in its place.
| Event | XLU | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -17.2% | -9.5% |
| % Gain to Breakeven | 20.8% | 10.5% |
| Time to Breakeven | 205 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -11.3% | -24.5% |
| % Gain to Breakeven | 12.8% | 32.4% |
| Time to Breakeven | 41 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -35.4% | -33.7% |
| % Gain to Breakeven | 54.7% | 50.9% |
| Time to Breakeven | 393 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -10.5% | -12.2% |
| % Gain to Breakeven | 11.8% | 13.9% |
| Time to Breakeven | 48 days | 62 days |
| 2013 Taper Tantrum | ||
| % Loss | -11.2% | -0.2% |
| % Gain to Breakeven | 12.6% | 0.2% |
| Time to Breakeven | 238 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -10.7% | -17.9% |
| % Gain to Breakeven | 12.0% | 21.8% |
| Time to Breakeven | 23 days | 123 days |
In The Past
State Street Utilities Select Sector SPDR ETF's stock fell -8.3% during the 2025 US Tariff Shock. Such a loss loss requires a 9.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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DGXX has limited trading history. Below is the Utilities sector ETF (XLU) in its place.
| Event | XLU | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -35.4% | -33.7% |
| % Gain to Breakeven | 54.7% | 50.9% |
| Time to Breakeven | 393 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -45.2% | -53.4% |
| % Gain to Breakeven | 82.4% | 114.4% |
| Time to Breakeven | 1185 days | 1085 days |
In The Past
State Street Utilities Select Sector SPDR ETF's stock fell -8.3% during the 2025 US Tariff Shock. Such a loss loss requires a 9.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Digi Power X (DGXX)
Digi Power X (DGXX), officially known as Digihost Technology Inc., is a blockchain technology company that specializes in the field of digital currency mining. Incorporated in 2017 and headquartered in Toronto, Canada, the company primarily conducts its cryptocurrency mining operations within the United States.
The company's core business involves the active mining of various cryptocurrencies. This process entails utilizing specialized computing power to solve complex computational puzzles, which validates transactions on blockchain networks. In return for these efforts, Digi Power X earns newly minted units of digital currency, thereby contributing to the security and operation of the respective cryptocurrency ecosystems.
Digi Power X operates within the global digital asset market. While it doesn't serve traditional direct customers, its primary objective is to accumulate a portfolio of mined cryptocurrencies, which can then be held or sold on open exchanges. Therefore, the company ultimately serves investors seeking exposure to the performance and growth potential of a dedicated cryptocurrency mining enterprise.
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Here are 1-3 brief analogies to describe Digi Power X (DGXX):
- Newmont (a major gold miner) for digital currency.
- ExxonMobil (a major oil and gas company) for digital currency.
- An AWS (Amazon Web Services) that 'mines' cryptocurrency instead of hosting cloud services.
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- Cryptocurrency Mining: The company utilizes specialized computer hardware to solve complex cryptographic puzzles, validating transactions on various blockchain networks and earning new cryptocurrency as a reward.
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Digi Power X (symbol: DGXX), operating as Digihost Technology Inc., is primarily engaged in mining cryptocurrency. As such, the company does not have major customers in the traditional business-to-business (B2B) or business-to-consumer (B2C) sense.
Instead, Digihost Technology Inc. generates revenue through block rewards and transaction fees earned from its cryptocurrency mining operations. The cryptocurrency it mines is then typically held, sold on various cryptocurrency exchanges, or used for operational purposes. Therefore, there are no specific customer companies or categories of individual customers that Digi Power X serves directly.
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- Southern Company (NYSE: SO)
- MicroBT
- Bitmain
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Michel Amar, Chief Executive Officer and Chairman
Michel Amar is a French-American businessman and entrepreneur recognized for his achievements in innovative technology, including blockchain and electronics, as well as developing branded fashion. He holds a Bachelor's degree in accounting and business management and has consulted with prominent international brands, contributing to their profitability. In 2019, he partnered with Brookstone, a novelty retailer, to develop exclusive, technologically advanced consumer electronics products. Mr. Amar founded Digihost International, Inc. in 2018. He guided the creation of Digi Power X's proprietary ARMS 200 modular Tier III data-center system and has previously built and scaled multiple ventures across wholesale distribution, logistics, manufacturing, and retail channels.
Paul Ciullo, Chief Financial Officer
Paul Ciullo was appointed as Chief Financial Officer effective April 29, 2021. Based in New York, he is responsible for all accounting and finance functions and provides strategic financial recommendations for the company's growth. Mr. Ciullo is a Certified Public Accountant (CPA) with a Bachelor's of Science in Accounting from the State University of New York College at Geneseo and an MBA from Pennsylvania State University. His professional background includes specializing in financial reporting and project management in senior corporate finance and accounting roles for various Fortune 500 companies.
Alec Amar, President
Alec Amar is an entrepreneur and infrastructure executive with extensive experience in energy, high-density data-center development, and advanced digital infrastructure. Under his leadership, Digi Power X has expanded into multiple U.S. markets, developing a portfolio of high-power data-center properties, including a Tier III campus in Columbiana, Alabama, and modernizing critical-power infrastructure in New York. He also guided the creation of Digi Power X's proprietary ARMS 200 modular Tier III data-center system.
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The key risks to Digi Power X (DGXX) are primarily associated with the volatile nature of the cryptocurrency market, the substantial operational costs related to energy consumption, and the evolving regulatory landscape surrounding digital currency mining.
- Cryptocurrency Price Volatility: Digi Power X's revenue and profitability are highly dependent on the market prices of the cryptocurrencies it mines, such as Bitcoin. Fluctuations or a sustained decline in cryptocurrency prices can significantly reduce the company's mining revenue, even if operational efficiency remains constant. As a cryptocurrency mining company, this is an inherent and paramount risk that directly impacts its financial performance.
- High Energy Consumption and Operational Costs: Digital currency mining is an energy-intensive process, and thus, Digi Power X is exposed to significant risks related to electricity tariffs, supply, and the overall cost of power. High energy consumption also necessitates robust cooling systems, and inadequate cooling can lead to equipment damage and operational downtime. Furthermore, the company's transition into AI-ready data centers also entails substantial capital expenditure for infrastructure development, introducing additional financial and operational challenges.
- Regulatory and Legal Uncertainty: The cryptocurrency industry operates within an evolving and often uncertain regulatory environment across various jurisdictions. Digi Power X faces risks from changes in government regulations, tax laws, and potential legal implications related to its mining activities, which can impact its operations, compliance requirements, and profitability.
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Emerging Threats:
- Shift in Cryptocurrency Consensus Mechanisms: The successful transition of major cryptocurrencies from energy-intensive Proof-of-Work (PoW) to more energy-efficient Proof-of-Stake (PoS) consensus mechanisms (as demonstrated by Ethereum) poses a clear threat. If other significant PoW cryptocurrencies that DGXX may mine were to follow suit, it would render the company's specialized mining hardware and operational infrastructure for those coins obsolete, potentially leading to substantial asset impairment and a loss of revenue streams beyond Bitcoin mining.
- Increased Regulatory Scrutiny and Potential Bans: Governments and regulatory bodies globally, particularly in regions where DGXX operates like the United States, are increasing their focus on the energy consumption and environmental impact of cryptocurrency mining. There is an emerging threat of new, restrictive regulations, increased taxation on mining operations, or even outright bans on Proof-of-Work mining that could severely impact or halt the company's operations and profitability.
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Digi Power X (symbol: DGXX) operates in several addressable markets related to blockchain technology, digital currency mining, and increasingly, AI and high-performance computing (HPC) infrastructure. The company's main products and services encompass digital currency mining, AI data centers, and GPU-as-a-Service offerings.
Digital Currency Mining Market
- The global cryptocurrency mining market is projected to grow from USD 4.66 billion in 2024 to USD 14.09 billion by 2035, demonstrating a Compound Annual Growth Rate (CAGR) of 10.57% during this forecast period.
- North America accounts for a significant portion of this market, holding approximately 37.69% of the overall global market share.
AI Data Centers Market
- The global AI data centers market was valued at USD 17.43 billion in 2025 and is projected to reach USD 197.57 billion by 2035, expanding at a CAGR of 27.48% from 2026 to 2035.
- North America is a dominant region in the AI data centers market, holding a 38% market share in 2025.
GPU as a Service (GPUaaS) Market
- The global GPU as a Service (GPUaaS) market size was valued at USD 6.4 billion in 2023 and is projected to grow at a CAGR of over 30% from 2024 to 2032, reaching an estimated USD 73.9 billion by 2032.
- North America represents a substantial share of the GPU as a Service market, accounting for approximately 37% in 2023.
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Share Repurchases
- In May 2022, Digihost Technology Inc. authorized a normal course issuer bid (NCIB) to repurchase up to 1,219,762 subordinate voting shares.
- Under the NCIB, which expired in May 2023, the company repurchased 165,200 subordinate voting shares for a total of $255,525.
Share Issuance
- In 2021, the company issued warrants totaling 9,098,514 for $33,989,639.
- In July 2025, Digi Power X closed a registered direct offering of 4,807,693 shares of common stock at $3.12 per share, resulting in gross proceeds of approximately $15 million.
- The number of outstanding shares significantly increased by 98.72% in 2025, reaching 65.60 million from 33.01 million in 2024.
Inbound Investments
- A $15 million registered direct offering in July 2025, made to a single new fundamental institutional investor, significantly strengthened the company's balance sheet.
- In March 2026, US Data Centers, Inc. (a subsidiary) secured an initial capital raising transaction of approximately $10 million through the issuance of Preferred Stock, with Digi Power X Inc. remaining a majority shareholder.
Capital Expenditures
- The company made $18.3 million in capital expenditures in 2023, primarily for 4,200 S19 XP miners.
- In Q3 2025, capital expenditures were $3.1 million, with year-to-date capital expenditures reaching $9.5 million, largely focused on Tier 3 AI data center conversion.
- Digi Power X plans a total AI data center project with an estimated capital expenditure of $440 million, including $176 million for Phase 1 (22 MW HPC capacity) by Q2 2026 and $264 million for Phase 2 (33 MW HPC capacity) by Q1 2027.
Peer Outperformance in Independent Power Producers & Energy Traders
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Independent Power Producers & Energy Traders ← | 6 | -25.7% | 37.8% | 96.9% | HNRG 515% · OKLO 297% · NRG 167% |
| Gas Utilities | 10 | -1.9% | 41.5% | 40.0% | ATO 100% · NJR 77% · NFG 77% |
| Electric Utilities | 24 | 2.0% | 36.9% | 38.5% | VST 756% · GNE 171% · ETR 137% |
| Multi-Utilities | 18 | 1.4% | 32.5% | 37.9% | MDU 94% · NI 92% · ED 67% |
| Water Utilities | 11 | 2.3% | 3.0% | -13.9% | CWCO 167% · HTO 8% · AWR 6% |
| Renewable Electricity | 5 | -41.3% | -68.7% | -94.1% | ORA 45% · CWEN 23% · AGIG -94% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Would You Still Hold Digi Power X Stock If It Fell Another 30%? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.41 |
| Mkt Cap | 6.4 |
| Rev LTM | 625 |
| Op Inc LTM | -368 |
| FCF LTM | -1,168 |
| FCF 3Y Avg | -990 |
| CFO LTM | -386 |
| CFO 3Y Avg | -225 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.1% |
| Rev Chg 3Y Avg | 78.0% |
| Rev Chg Q | -12.2% |
| QoQ Delta Rev Chg LTM | -3.2% |
| Op Inc Chg LTM | -119.9% |
| Op Inc Chg 3Y Avg | -88.2% |
| Op Mgn LTM | -83.2% |
| Op Mgn 3Y Avg | -72.0% |
| QoQ Delta Op Mgn LTM | -19.1% |
| CFO/Rev LTM | -75.4% |
| CFO/Rev 3Y Avg | -64.7% |
| FCF/Rev LTM | -296.2% |
| FCF/Rev 3Y Avg | -220.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Colocation services | 17 | 16 | 2 | 0 | 0 |
| Sales of energy and electricity | 13 | 11 | 6 | 0 | 0 |
| Cryptocurrency mining | 4 | 10 | 18 | 24 | 25 |
| Tier III AI project | 0 | 0 | |||
| Total | 34 | 37 | 26 | 24 | 25 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tier III AI project | 0 | 0 | |||
| Colocation services | -7 | 5 | 0 | 0 | 0 |
| Cryptocurrency mining | -8 | -13 | -24 | 4 | -3 |
| Sales of energy and electricity | -14 | -4 | 2 | 0 | 0 |
| Total | -28 | -12 | -22 | 4 | -3 |
| $ Mil | 2025 | 2024 | 2019 |
|---|---|---|---|
| Colocation services | 62 | 0 | |
| Cryptocurrency mining | 51 | 28 | 4 |
| Tier III AI project | 11 | 0 | |
| Sales of energy and electricity | 10 | 6 | |
| Total | 134 | 34 | 4 |
Price Behavior
| Market Price | $4.22 | |
| Market Cap ($ Bil) | 0.4 | |
| First Trading Date | 12/20/2017 | |
| Distance from 52W High | -50.1% | |
| 50 Days | 200 Days | |
| DMA Price | $3.87 | $3.11 |
| DMA Trend | down | down |
| Distance from DMA | 9.0% | 35.7% |
| 3M | 1YR | |
| Volatility | 82.4% | 117.1% |
| Downside Capture | 480.61 | 320.96 |
| Upside Capture | 215.16 | 332.59 |
| Correlation (SPY) | 46.2% | 36.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.69 | 3.83 | 3.69 | 3.99 | 3.11 | 0.32 |
| Up Beta | 1.19 | 6.38 | 5.35 | 4.96 | 5.86 | -0.08 |
| Down Beta | -9.49 | 0.72 | 1.72 | 2.62 | 0.57 | 1.19 |
| Up Capture | 419% | 200% | 221% | 868% | 931% | 492% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 9 | 19 | 27 | 61 | 118 | 173 |
| Down Capture | 638% | 466% | 389% | 258% | 179% | 108% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 10 | 21 | 35 | 62 | 126 | 183 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DGXX | |
|---|---|---|---|---|
| DGXX | 65.8% | 117.0% | 0.96 | - |
| Sector ETF (XLU) | -4.7% | 15.3% | -0.52 | 0.1% |
| Equity (SPY) | 16.2% | 13.0% | 0.88 | 36.3% |
| Gold (GLD) | 13.9% | 29.3% | 0.44 | 26.0% |
| Commodities (DBC) | 46.6% | 20.7% | 1.75 | 0.5% |
| Real Estate (VNQ) | 4.5% | 13.7% | 0.08 | 7.4% |
| Bitcoin (BTCUSD) | -23.2% | 44.8% | -0.46 | 35.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DGXX | |
|---|---|---|---|---|
| DGXX | 26.6% | 120.2% | 1.20 | - |
| Sector ETF (XLU) | 6.3% | 17.4% | 0.22 | 4.9% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 28.4% |
| Gold (GLD) | 18.6% | 18.8% | 0.80 | 21.2% |
| Commodities (DBC) | 10.5% | 19.5% | 0.41 | 7.2% |
| Real Estate (VNQ) | 0.8% | 18.9% | -0.06 | 11.2% |
| Bitcoin (BTCUSD) | 12.5% | 52.6% | 0.41 | 29.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DGXX | |
|---|---|---|---|---|
| DGXX | 12.5% | 120.2% | 1.20 | - |
| Sector ETF (XLU) | 8.4% | 19.2% | 0.37 | 4.9% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 28.4% |
| Gold (GLD) | 12.1% | 16.4% | 0.60 | 21.2% |
| Commodities (DBC) | 8.5% | 18.1% | 0.38 | 7.2% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 11.2% |
| Bitcoin (BTCUSD) | 64.2% | 66.2% | 1.04 | 29.0% |
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Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-Q |
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 6-K |
| 06/30/2025 | 08/14/2025 | 6-K |
| 03/31/2025 | 05/14/2025 | 6-K |
| 12/31/2024 | 03/31/2025 | 20-F |
| 09/30/2024 | 11/15/2024 | 6-K |
| 06/30/2024 | 08/15/2024 | 6-K |
| 03/31/2024 | 05/14/2024 | 6-K |
| 12/31/2023 | 09/16/2024 | 20-F |
| 09/30/2023 | 11/14/2023 | 6-K |
| 06/30/2023 | 08/15/2023 | 6-K |
| 03/31/2023 | 05/15/2023 | 6-K |
| 12/31/2022 | 07/14/2023 | 20-F |
| 09/30/2022 | 11/15/2022 | 6-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-Q |
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 6-K |
| 06/30/2025 | 08/14/2025 | 6-K |
| 03/31/2025 | 05/14/2025 | 6-K |
| 12/31/2024 | 03/31/2025 | 20-F |
| 09/30/2024 | 11/15/2024 | 6-K |
| 06/30/2024 | 08/15/2024 | 6-K |
| 03/31/2024 | 05/14/2024 | 6-K |
| 12/31/2023 | 09/16/2024 | 20-F |
| 09/30/2023 | 11/14/2023 | 6-K |
| 06/30/2023 | 08/15/2023 | 6-K |
| 03/31/2023 | 05/15/2023 | 6-K |
| 12/31/2022 | 07/14/2023 | 20-F |
| 09/30/2022 | 11/15/2022 | 6-K |
| 06/30/2022 | 08/17/2022 | 6-K |
| 03/31/2022 | 05/17/2022 | 6-K |
| 12/31/2021 | 03/28/2022 | 40-F |
Recent Forward Guidance
Updated 8/15/2026Latest: Q2 2026 Earnings Reported 8/14/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2027 Annualized Revenue Run-rate | Reported | 250.00 Mil | 275.00 Mil | 300.00 Mil | ||||
| 2027 Additional Colocation Capacity | Reported | 40 | ||||||
| 2027 Additional GPU Bare-metal Compute Capacity | Reported | 10 | ||||||
| 2027 Annualized Contracted Revenue Run-rate | Reported | 140.00 Mil | ||||||
Insider Activity
Updated 8/20/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Amar, Michel | Chief Executive Officer | Direct | Buy | 8202026 | 3.60 | 20,000 | 72,000 | 6,119,586 | Form |
| 2 | Amar, Alec | President | Direct | Sell | 5052026 | 3.56 | 27,500 | 97,900 | 4,873,458 | Form |
| 3 | Amar, Alec | President | Direct | Sell | 4092026 | 2.26 | 25,700 | 58,082 | 3,031,675 | Form |
| 4 | Amar, Alec | President | Direct | Sell | 4022026 | 2.25 | 1,800 | 4,050 | 3,076,085 | Form |
| 5 | Amar, Alec | President | Direct | Sell | 3032026 | 2.86 | 27,500 | 78,650 | 3,915,194 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Amar, Michel | Chief Executive Officer | Direct | Buy | 8202026 | 3.60 | 20,000 | 72,000 | 6,119,586 | Form |
| 2 | Amar, Alec | President | Direct | Sell | 5052026 | 3.56 | 27,500 | 97,900 | 4,873,458 | Form |
| 3 | Amar, Alec | President | Direct | Sell | 4092026 | 2.26 | 25,700 | 58,082 | 3,031,675 | Form |
| 4 | Amar, Alec | President | Direct | Sell | 4022026 | 2.25 | 1,800 | 4,050 | 3,076,085 | Form |
| 5 | Amar, Alec | President | Direct | Sell | 3032026 | 2.86 | 27,500 | 78,650 | 3,915,194 | Form |
| 6 | Amar, Alec | President | Direct | Sell | 2032026 | 2.53 | 27,500 | 69,575 | 3,195,683 | Form |
| 7 | Amar, Alec | President | Direct | Sell | 1152026 | 2.72 | 27,500 | 74,800 | 3,510,476 | Form |
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Industry Resources
| Utilities Resources |
| Data.gov Energy Infrastructure |
| Data.gov Energy Resources |
| Utility Dive |
| Independent Power Producers & Energy Traders Resources |
| S&P Global Commodity Insights |
| Energy Risk |
| Power Finance & Risk |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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