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The latest update is out from Digi Power X ( (TSE:DGX) ).
On May 8, 2026, Digi Power X Inc. announced it had increased its at-the-market equity offering program by US$100 million, lifting the total size of the program to up to US$175 million of subordinate voting shares to be sold on U.S. markets through A.G.P./Alliance Global Partners. The company simultaneously filed the necessary prospectus supplement with both Canadian and U.S. regulators, formalizing the expanded capacity to issue stock and reinforcing its access to public equity capital.
The company said proceeds from any share sales under the upsized program would be used for general corporate purposes, including funding ongoing operations and working capital, completing construction of its Tier 3 data center facilities, repaying debt, and pursuing acquisitions to expand power infrastructure and its planned AI and high-performance computing network. The move underlines Digi Power X’s push to scale its AI data center footprint and power capacity, signalling continued capital-intensive growth that may lead to shareholder dilution but could strengthen its competitive position in AI infrastructure over time.
The most recent analyst rating on (TSE:DGX) stock is a Buy with a C$10.00 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 DGX Stock
According to Spark, TipRanks’ AI Analyst, DGX is a Neutral.
The score is primarily held back by weak financial performance—persistent losses, negative gross profit, shrinking equity, and renewed cash burn. Technicals are mixed/neutral with some near-term strength but negative MACD and resistance at longer moving averages. Valuation remains uncertain due to the negative P/E and no dividend yield data.
To see Spark’s full report on DGX stock, click here.
More about Digi Power X
Digi Power X Inc. is an AI infrastructure company operating a vertically integrated portfolio of power assets and data center capacity across Alabama, New York, and North Carolina. The company controls roughly 400 MW of secured power at its sites and, through its NeoCloudz platform, delivers GPU-as-a-Service on dedicated, bare metal NVIDIA infrastructure aimed at AI and high-performance computing workloads.
Listed on Nasdaq and Cboe Canada, Digi Power X focuses on building out AI data center infrastructure and related power capabilities to support accelerated computing demand. Its vertically integrated model, spanning power procurement to data center operations, is designed to give the company greater control over costs and scalability in the rapidly expanding AI compute market.
Average Trading Volume: 22,361
Technical Sentiment Signal: Hold
Current Market Cap: C$265.7M
See more data about DGX stock on TipRanks’ Stock Analysis page.