Digi Power X Reports Q1 2025 Financial Results with Decreased Revenue

An announcement from Digi Power X ( (TSE:DGX) ) is now available.

On May 14, 2025, Digi Power X Inc. released its condensed interim consolidated financial statements for the first quarter of 2025, revealing a decrease in total revenue to $9.28 million from $12.96 million in the same period of 2024. The company reported a net loss of $1.69 million for the quarter, compared to a net income of $4.84 million in the previous year, primarily due to reduced revenue from digital currency mining and increased administrative expenses. This financial performance may impact the company’s operational strategies and market positioning as it navigates challenges in the digital currency sector.

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 Inc. operates in the digital currency industry, providing services such as digital currency mining, colocation services, and the sale of energy. The company is focused on leveraging its technological capabilities to enhance its market presence in the digital currency and energy sectors.

Average Trading Volume: 20,302

Technical Sentiment Signal: Sell

Current Market Cap: C$77.28M

For detailed information about DGX stock, go to TipRanks’ Stock Analysis page.