Digi Power X Signs LOI for 1.3 GW Power Plant Partnership to Power AI Infrastructure

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

Digi Power X has entered into a non-binding letter of intent with Omnis Pleasants LLC, owner of the 1.3 GW Pleasants Power Station in West Virginia, to pursue a strategic partnership aimed at supporting large-scale AI and high-performance computing infrastructure. The proposed deal includes a comprehensive load and interconnection study of up to 1.3 GW, a potential long-term lease of up to 200 acres for deploying Digi Power X’s proprietary ARMS modular Tier III data center platform, and a framework for mutual equity exchange that could see Digi Power X acquire more than a 10% stake in the power plant entity, alongside a joint hydrogen-transition feasibility study for its New York power assets. The parties plan to begin the load study within 30 days and work toward definitive agreements within about 90 days, underscoring Digi Power X’s strategy to secure large, grid-connected power assets to underpin its AI infrastructure growth and energy-transition initiatives.

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 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 Tier III-certified modular AI data centers and supports the expansion of sustainable energy assets, with a focus on pairing large-scale, grid-connected power resources with next-generation artificial intelligence and high-performance computing infrastructure.

Average Trading Volume: 60,044

Technical Sentiment Signal: Buy

Current Market Cap: C$251.3M

See more insights into DGX stock on TipRanks’ Stock Analysis page.