Digi Power X Launches $100 Million Equity Program to Fuel Growth

Digi Power X ( (TSE:DGX) ) has issued an update.

Digi Power X has announced the establishment of a US$100 million at-the-market equity program in collaboration with A.G.P./Alliance Global Partners. This program is designed to provide flexible capital access to support the company’s strategic growth initiatives, including funding operations, expanding data center construction, and potential acquisitions. The company, which is currently debt-free with strong cash reserves, aims to scale its AI-ready Modular Solution platform. The equity program allows for the sale of shares at prevailing market prices, with sales volume and timing determined by the company’s management.

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 cutting-edge data centers to drive the expansion of sustainable energy assets.

Average Trading Volume: 21,974

Technical Sentiment Signal: Sell

Current Market Cap: C$72.84M

See more data about DGX stock on TipRanks’ Stock Analysis page.