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The latest announcement is out from Digi Power X ( (TSE:DGX) ).
Digi Power X Inc. has entered into an amended and restated at-the-market equity sales agreement with A.G.P./Alliance Global Partners, allowing the company to sell up to US$75 million of subordinate voting shares on U.S. markets at prevailing prices. The program is discretionary, may be terminated by either party at any time, and excludes sales in Canada or to known Canadian residents.
The company plans to deploy any net proceeds primarily toward general corporate purposes, including funding operations and working capital, completing construction of its Tier 3 data centers, repaying debt, and pursuing acquisitions to expand its power infrastructure and AI and high-performance computing network. This financing flexibility supports Digi Power X’s strategic transformation into AI infrastructure and could accelerate its build-out of large-scale capacity in key U.S. regions, with implications for growth-minded investors and industry positioning in the AI data center space.
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 an energy infrastructure company pivoting into AI data centers and GPU-as-a-Service, aiming to support the expansion of sustainable energy assets. Headquartered in Miami, it is rolling out modular Tier 3 data centers and targeting 400 megawatts of AI capacity across Alabama, Upstate New York, and North Carolina to become a leading independent AI infrastructure provider in North America.
Average Trading Volume: 36,036
Technical Sentiment Signal: Sell
Current Market Cap: C$265.7M
See more insights into DGX stock on TipRanks’ Stock Analysis page.