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Digi Power X ( (TSE:DGX) ) has provided an update.
Digi Power X has reported a significant increase in its digital asset holdings, with a 37% rise in Bitcoin and a 93% increase in Ethereum holdings over the past month. The company is pivoting towards AI infrastructure by ceasing Bitcoin mining operations in Alabama and constructing AI-ready facilities, which are expected to support substantial GPU deployments. This strategic shift is aligned with NVIDIA’s AI grid initiative, positioning Digi Power X to offer scalable AI solutions and potentially enhance its market position.
The most recent analyst rating on (TSE:DGX) stock is a Buy with a C$3.50 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 Inc. is an innovative energy infrastructure company that develops data centers, focusing on digital asset holdings and AI infrastructure. The company is involved in Bitcoin mining and is transitioning towards AI infrastructure development, particularly with its Alabama site build-out.
Average Trading Volume: 37,270
Technical Sentiment Signal: Buy
Current Market Cap: C$137M
Find detailed analytics on DGX stock on TipRanks’ Stock Analysis page.