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An announcement from Digi Power X ( (TSE:DGX) ) is now available.
On April 20, 2026, Digi Power X announced a 24-month bare metal GPU rental agreement with next-generation AI firm SubQ AI, marking its first contracted AI revenue and the commercial launch of its NeoCloudz GPU-as-a-Service platform. The contract, effective May 15, 2026, has an expected total value of about $19.6 million, including a 15% non-refundable upfront payment, and provides SubQ with exclusive access to a fleet of latest-generation NVIDIA Blackwell GPUs.
The deal validates Digi Power X’s strategic pivot from pure infrastructure build-out to revenue-generating AI services and establishes SubQ as an anchor customer for NeoCloudz. Management highlighted that the deployment brings the company’s first GPU cluster online, supports a high-quality cash flow profile, and aligns with Digi Power X’s secured capacity of roughly 4,000 Blackwell B300 GPUs, which could underpin up to about $120 million in potential annualized revenue at full utilization.
For SubQ, the agreement offers a single, trusted infrastructure partner with owned power and data center capacity, and a dedicated, non-virtualized bare metal environment with high-speed InfiniBand/RoCE v2 fabric. Executives from both companies framed the initial cluster as the foundation for a larger, long-term relationship that could scale to several thousand GPUs, reinforcing Digi Power X’s positioning in the competitive AI infrastructure market and signaling a meaningful step toward scaling its AI factory and NeoCloudz platform.
The most recent analyst rating on (TSE:DGX) stock is a Buy with a C$5.00 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 a Miami-based AI infrastructure company operating a vertically integrated portfolio of power assets and data center capacity across Alabama, New York, and North Carolina, with roughly 400 MW of secured power. Through its NeoCloudz platform, the company delivers dedicated, bare metal NVIDIA GPU-as-a-Service to AI customers seeking high-density accelerated computing at scale.
Positioned as a vertically integrated provider, Digi Power X leverages owned power and Rated 3-engineered data center facilities to preserve margins and control performance for AI workloads. Its focus on the latest-generation NVIDIA silicon and high-speed networking targets hyperscale and frontier AI clients that require exclusive, root-level access to premium GPU clusters for training and inference workloads.
YTD Price Performance: 8.91%
Average Trading Volume: 33,748
Technical Sentiment Signal: Hold
Current Market Cap: C$265.7M
Find detailed analytics on DGX stock on TipRanks’ Stock Analysis page.