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Digi Power X ( (TSE:DGX) ) has provided an update.
Digi Power X reported a record-setting financial performance for 2024, with a 42% increase in revenue to $37 million and a 228% turnaround in EBITDA, highlighting the company’s operational strength and scalability. The strategic shift towards high-margin colocation services and the formation of a subsidiary for AI-ready Tier 3 data centers positions Digi Power X as a rising leader in energy-backed digital infrastructure, with significant implications for its market positioning and stakeholder interests.
More about Digi Power X
Digi Power X Inc. is an innovative energy infrastructure company that specializes in developing cutting-edge data centers. The company is focused on diversifying its revenue streams beyond digital currency mining, with a significant emphasis on colocation services and energy sales.
YTD Price Performance: -33.12%
Average Trading Volume: 547,498
Technical Sentiment Signal: Strong Buy
Current Market Cap: $39.53M
For an in-depth examination of DGX stock, go to TipRanks’ Stock Analysis page.