DGXX
Digi Power X Inc.
Next earnings Aug 12, 2026
Last earnings +4.4% on 2026-05-15
$4.60
▼ -14.66%$4.60▲ +63.70%
over 1Y
L $1.89H $8.46
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-14.7%
1W-20.6%
1M-41.5%
3M+108.1%
YTD+64.9%
1Y+63.7%
Sell
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 9 analysts
Buy
Cash-rich shell around a money-losing bitcoin miner; 9.4x sales on shrinking revenue and negative gross margins — the AI-data-center dream is priced in.
Revenue $34.2M · FY2025
Digi Power X is a bitcoin miner repackaging itself as an "energy infrastructure" / HPC-and-AI data-center play, and the market is paying up for the narrative rather than the numbers. The operating reality is poor: FY2025 revenue fell 7.6% to $34.2M, gross profit was *negative* $3.22M (a -9.4% gross margin — the core mining operation costs more to run than the bitcoin it produces), and net loss more than doubled to -$28.4M (-82.9% net margin). Operating cash flow was -$25.5M, so the business is structurally cash-consumptive before the $17.3M of capex it plowed into buildout. Management's own MD&A concedes the model's fragility — revenue is booked at the spot bitcoin price on the day mined, difficulty "rises" with price and raises costs, and they routinely monetize mined coin just to fund SG&A. That is not a durable earnings stream.
Is DGXX a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBear put spread~60d expiry
- Long put 4.5 @ ~0.71 est
- Short put 4 @ ~0.46 est
debit $25max +$25max −$25BE 4.25
SELL verdict, defined risk: profits into weakness down to the short strike; max loss is the net debit.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY24 | FY25 |
|---|---|---|
| Revenue | $37.0M | $34.2M |
| Gross profit | -$11.3M | -$3.22M |
| Operating income | — | — |
| Net income | -$12.4M | -$28.4M |
| Diluted EPS | -$0.40 | -$0.64 |
| Net margin | -33.5% | -82.9% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$337M
EV / EBITDA—
EV / Sales9.9
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-6.8%
FCF yield-10.3%
Quality & risk
ROIC (est.)—
Free cash flow-$42.8M
Total debt—
Net cash$78.5M
Piotroski F-Score4/8
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+111.5%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRed flag in recent filings — restated periodic report (2026-04-30). Worth a closer look.
- 8-K Reg FD disclosure2026-06-03
Reg FD press release / business update; no financials disclosed
- 8-K Earnings results2026-05-15
Q1 loss continues but $78M cash and near debt-free balance sheet cushion
- 10-Q Quarterly report2026-05-15
Q1 loss continues but $78M cash and near debt-free balance sheet cushion
- 8-K Reg FD disclosure2026-05-08
Entered new material definitive agreement (contract/financing)
- 8-K Material agreement2026-05-08
Entered new material definitive agreement (contract/financing)
- 10-K/A Restated periodic report2026-04-30
Amended FY2025 10-K (likely Part III/corrections); no new financials
- 8-K Reg FD disclosure2026-04-20
Reg FD investor update; promotional disclosure, no financial change
- 8-K Material agreement2026-04-09
Filed shelf registration enabling future share sales — dilution overhang
- S-3 Shelf registration (potential raise)2026-04-09
Filed shelf registration enabling future share sales — dilution overhang
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-032026-06-03open ↗8-KPeriod ending 2026-05-152026-05-15open ↗10-QPeriod ending 2026-03-312026-05-15open ↗SCHEDULE 13GFiling2026-05-12open ↗8-KPeriod ending 2026-05-082026-05-08open ↗424B5Filing2026-05-08open ↗8-KPeriod ending 2026-05-042026-05-08open ↗4Period ending 2026-05-012026-05-05open ↗10-K/APeriod ending 2025-12-312026-04-30open ↗8-KPeriod ending 2026-04-202026-04-20open ↗EFFECTFiling2026-04-15open ↗CORRESPFiling2026-04-13open ↗
Frequently asked
- Is Digi Power X Inc. (DGXX) a buy?
- DGXX currently carries a Sell rating with 4/5 conviction, derived from its latest SEC filings. Cash-rich shell around a money-losing bitcoin miner; 9.4x sales on shrinking revenue and negative gross margins — the AI-data-center dream is priced in.
- What is Digi Power X Inc.'s quality score?
- DGXX scores 37.074201125032836/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001854368, latest 10-Q filed 2026-05-15) · EODHD · Proprietary analysis · as of 7/3/2026, 5:03:00 AM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 3, 2026, 1:03 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.