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Digi Power X ( (TSE:DGX) ) has issued an announcement.
Digi Power X has announced a debt settlement agreement with NANO Nuclear Energy, where it will issue 109,677 subordinate voting shares to settle $250,000 in accrued liabilities. This move is expected to help the company preserve cash and support its AI and energy infrastructure initiatives. Additionally, Digi Power X is continuing its strategic consultation with NANO Nuclear on a feasibility study for deploying small modular reactor technology at its data centers, aiming to provide a stable and clean power source for its operations.
The most recent analyst rating on (TSE:DGX) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Digi Power X stock, see the TSE:DGX Stock Forecast page.
Spark’s Take on TSE:DGX Stock
According to Spark, TipRanks’ AI Analyst, TSE:DGX is a Neutral.
Digihost Technology’s stock score reflects a mixed outlook. The company’s financial performance shows significant challenges with ongoing losses, impacting overall profitability. However, the technical analysis indicates strong upward momentum, suggesting market optimism. While the valuation is hindered by a negative P/E ratio, the earnings call and recent corporate events point to potential growth opportunities through strategic expansion and revenue diversification. Investors should weigh these opportunities against the persistent financial challenges.
To see Spark’s full report on TSE:DGX stock, click here.
More about Digi Power X
Digi Power X is an innovative energy infrastructure company that develops data centers to drive the expansion of sustainable energy assets.
Average Trading Volume: 34,134
Technical Sentiment Signal: Buy
Current Market Cap: C$139M
See more data about DGX stock on TipRanks’ Stock Analysis page.