Digi Power X Unveils Strategic Shift and AI Infrastructure Expansion

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

Digi Power X Inc. announced significant developments as part of its strategic shift from blockchain infrastructure to a broader energy and AI infrastructure platform. The company has partnered with Super Micro Computer, Inc. to build AI data center systems using NVIDIA’s B200 GPUs, with the first deployment planned at their Alabama facility. This move aligns with their vision to lead in AI infrastructure and sustainable power, supported by their strong financial position and ongoing revenue growth. The company is also preparing to launch its ARMS 200 modular unit, which will demonstrate their capability to deliver full-stack compute infrastructure, and plans to expand further with additional units and new customer signings.

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.

YTD Price Performance: -8.33%

Average Trading Volume: 23,748

Technical Sentiment Signal: Sell

Current Market Cap: C$77.28M

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