Reported Earnings • May 18
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: US$0.067 loss per share (further deteriorated from US$0.048 loss in 1Q 2025). Revenue: US$6.79m (down 27% from 1Q 2025). Net loss: US$4.65m (loss widened 176% from 1Q 2025). Revenue missed analyst estimates by 39%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 121% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 17
New major risk - Revenue and earnings growth Earnings have declined by 45% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Announcement • May 11
Digi Power X Inc. to Report Q1, 2026 Results on May 15, 2026 Digi Power X Inc. announced that they will report Q1, 2026 results on May 15, 2026 Price Target Changed • May 07
Price target increased by 25% to US$7.50 Up from US$6.00, the current price target is provided by 1 analyst. New target price is 21% above last closing price of US$6.19. Stock is up 315% over the past year. The company is forecast to post a net loss per share of US$0.39 next year compared to a net loss per share of US$0.64 last year. New Risk • May 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Announcement • Apr 23
Digi Power X Inc., Annual General Meeting, Jun 15, 2026 Digi Power X Inc., Annual General Meeting, Jun 15, 2026. Announcement • Apr 10
Digi Power X Inc. has filed a Follow-on Equity Offering. Digi Power X Inc. has filed a Follow-on Equity Offering.
Security Name: Subordinate Voting Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Reported Earnings • Apr 04
Full year 2025 earnings released: US$0.41 loss per share (vs US$0.22 loss in FY 2024) Full year 2025 results: US$0.41 loss per share (further deteriorated from US$0.22 loss in FY 2024). Revenue: US$34.2m (down 7.6% from FY 2024). Net loss: US$28.4m (loss widened 317% from FY 2024). Revenue is forecast to grow 87% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year. New Risk • Apr 02
New major risk - Revenue and earnings growth Earnings have declined by 39% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$35m free cash flow). Earnings have declined by 39% per year over the past 5 years. Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Mar 23
Digi Power X Inc. to Report Q4, 2025 Results on Mar 31, 2026 Digi Power X Inc. announced that they will report Q4, 2025 results After-Market on Mar 31, 2026 Announcement • Mar 13
Digi Power X Inc. Announces Launch of Modular Ai Infrastructure Platform Digi Power X Inc. announced the launch of the next phase of development of US Data Centers Inc., a dedicated AI infrastructure platform focused on the development, manufacturing and global deployment of modular Tier III AI data centers, through an independent, private raise of capital. At the core of US Data Centers Inc. is the ARMS (AI-Ready Modular Solution) platform — a proprietary modular data center system engineered for the rapid deployment of high-density AI computing infrastructure. The ARMS platform is purpose-built to solve one of the most pressing challenges facing the AI industry: the inability of traditional data center construction to keep pace with the accelerating demand for compute capacity. Where conventional facilities could require years to plan, permit and build, ARMS-based deployments can be commissioned in a fraction of that time. Each ARMS unit is a self-contained, Tier III-certified modular data center designed to support advanced GPU clusters for large-scale AI workloads, including machine learning training, inference, and generative AI applications. Units are designed for rapid scalability, allowing customers to expand compute capacity incrementally as demand grows. ARMS 200 system set up at Digi Power X’s Alabama site. New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$35m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$35m free cash flow). Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Significant insider selling over the past 3 months (US$144k sold). Recent Insider Transactions • Feb 04
President & Director recently sold US$70k worth of stock On the 2nd of February, Alec Amar sold around 28k shares on-market at roughly US$2.53 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$75k. Alec has been a net seller over the last 12 months, reducing personal holdings by US$144k. Buy Or Sell Opportunity • Feb 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 58% to US$2.52. The fair value is estimated to be US$3.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 44% in a year. Earnings are forecast to decline by 25% in the next year. Buy Or Sell Opportunity • Dec 30
Now 21% undervalued Over the last 90 days, the stock has risen 11% to US$2.55. The fair value is estimated to be US$3.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 44% in a year. Earnings are forecast to decline by 25% in the next year. Announcement • Dec 09
Digi Power X Inc. Appoints Jagan Jeyapaul as Chief Technology Officer Digi Power X Inc. has appointed Jagan Jeyapaul as its Chief Technology Officer. Jag is a seasoned engineering leader with deep experience in Silicon Valley at Oracle, Equinix and VeriSign. Throughout his career, he has modernized and operated large-scale cloud and data-center platforms, automated 200+ data centers, built machine learning-driven observability systems, led global engineering teams and developed secure interconnection and API ecosystems supporting hyperscalers and mission-critical enterprise workloads. At VeriSign, he worked on foundational PKI, SSL and cryptographic infrastructure. As CTO, Jag will lead Digi Power X’s full technology roadmap, overseeing the ARMS 200 Tier-3 modular data-center platform, scaling AI infrastructure deployments and managing the NeoCloudz GPU-as-a-Service platform. He will also direct the development of customer integration software, ensuring seamless onboarding, API enablement and enterprise-grade performance as Digi Power X prepares to begin AI data processing in 2026. Buy Or Sell Opportunity • Dec 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 53% to US$3.89. The fair value is estimated to be US$3.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 44% in a year. Earnings are forecast to decline by 25% in the next year. Buy Or Sell Opportunity • Nov 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 69% to US$3.98. The fair value is estimated to be US$3.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 42% in a year. Earnings are forecast to decline by 26% in the next year. Reported Earnings • Nov 16
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: US$0.01 (up from US$0.21 loss in 3Q 2024). Revenue: US$8.15m (down 11% from 3Q 2024). Net income: US$302.8k (up US$6.72m from 3Q 2024). Profit margin: 3.7% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 73% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 77% per year, which means it is well ahead of earnings. Announcement • Oct 30
Digi Power X Inc. to Report Q3, 2025 Results on Nov 13, 2025 Digi Power X Inc. announced that they will report Q3, 2025 results After-Market on Nov 13, 2025 Buy Or Sell Opportunity • Oct 27
Now 48% overvalued after recent price rise Over the last 90 days, the stock has risen 88% to US$5.77. The fair value is estimated to be US$3.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 260% in 2 years. Earnings are forecast to grow by 73% in the next 2 years. Announcement • Oct 22
Digi Power X Inc. Appoints Ajay Gupta to Its Board of Directors, Effective October 21, 2025 Digi Power X Inc. announced the appointment of Ajay Gupta, CPWA, CRPC, CIMA, to its board of directors, effective October 21, 2025. Mr. Gupta is a seasoned wealth management executive, investor and family office principal known for his leadership in building, scaling and advising some of the most respected financial organizations in the United States. He currently serves as Principal of Robbins Gupta Holdings, the exclusive family office for Tony Robbins and the Gupta family. After founding and scaling Gupta Wealth Management into a premier firm in the industry, the firm merged with Creative Planning, a USD 390 billion registered investment advisor, where Mr. Gupta served as Chief Investment Strategist before retiring in 2020 following the sale of his equity stake in the company to private equity investors. His expertise led to a featured role in Tony Robbins’ #1 New York Times bestseller “Money: Master the Game”, a book that captures the interviews that Mr. Gupta and Mr. Robbins conducted with 50 of the world’s top financial minds, including Ray Dalio, Warren Buffett, Carl Icahn and Charles Schwab. addition to his new role with Digi Power X, Mr. Gupta serves on the boards of CAZ Investments, a USD 10 billion alternative investment firm, the Tony Robbins Foundation, the Baptist Health Foundation and The Chopra Foundation, where he previously served as President and continues to collaborate closely with his longtime friend and founder, Dr. Deepak Chopra. Mr. Gupta holds a Bachelor of Commerce in Finance from Concordia University and has completed advanced executive programs through the Wharton School of Business, the University of Chicago Booth School of Business and Harvard Business School. Announcement • Oct 07
Digi Power X Inc., Annual General Meeting, Dec 11, 2025 Digi Power X Inc., Annual General Meeting, Dec 11, 2025. Announcement • Sep 16
Digi Power X Inc. Plans to Expand into ARMS 500 (5MW) and ARMS 1000 (10MW) Cluster Digi Power X Inc. announced that the ARMS 200 (AI-Ready Modular Solution) has achieved Tier III certification under the globally recognized ANSI/TIA-942 standard, validated by EPI. This milestone makes ARMS 200 one of the few modular AI data-center platforms in the world with Tier III certification, which upon deployment would ensure: High availability (99.982%) with redundant and concurrently maintainable systems; Enterprise-grade reliability for mission-critical AI, cloud and blockchain workloads; and Customer trust and compliance, with certification validated by EPI, the global leader in data center audits. This certification validates ARMS 200 as a market-ready, enterprise-grade solution, a critical differentiator as demand for AI compute accelerates worldwide. Deployment Timeline: The first Tier III certified ARMS 200 pod is scheduled for delivery at Alabama facility by the end of November 2025, with commissioning planned for December 2025. From this foundation, Digi Power X plans to expand into ARMS 500 (5MW) and ARMS 1000 (10MW) clusters, offering customers flexible scaling options with Tier III reliability. Each pod solution is designed as a modular building block within a cluster, enabling customers to scale seamlessly from 1 MW (ARMS 200) to 5 MW (ARMS 500) and 10 MW (ARMS 1000). Every unit is engineered for rapid deployment within approximately 180 days of delivery, providing a faster path to capacity than traditional data centers. Digi Power X's business model is built on two complementary pillars: GPU-as-a-Service: on demand access to high-performance GPUs without owning the infrastructure; and Cluster Solutions: delivering turnkey delivery of ARMS 200/500/1000 units at competitive rates, with optional management services. Through wholly owned subsidiary, US Data Centers Inc., goal is to commercialize and distribute the ARMS modular AI data-center platform globally through purchase order agreement with Super Micro Computers Inc. The Company has also obtained a provisional patent to protect the ARMS solution cluster line, underscoring its uniqueness and long-term commercial potential. Each ARMS unit is engineered as part of NeoCloud data-center architecture, purpose-built for AI infrastructure and hyperscale compute. By combining Tier III reliability, low-cost power, patent-protected design and modular scalability, Digi Power X is positioning itself as a first mover in modular AI infrastructure, clearly differentiated from traditional hyperscalers. Strategic Partnership and Hardware Readiness: The Company has deepened its strategic partnership with Supermicro to integrate AI-optimized rack-scale systems into the ARMS platform. Strong Asset Position: The Company currently holds approximately $29.4 million in cash, deposits and digital assets, with no long-term debt, as of the date hereof. In addition, the Company is staking 1,000 ETH. Looking ahead as the Company enters the final quarter of 2025, focus remains on: Commissioning the first Tier III certified ARMS200 pod in Alabama by year-end; Expanding to larger ARMS cluster deployments in 2026; Growing recurring revenues through GPU-as-a- Service platform; and Advanced AI Customer Discussions - The Company is in advanced discussions with multiple AI customers to secure long-term infrastructure contracts, which are expected to increase revenue growth once finalized. Digi Power X is focused on building not just data-center platforms in the market. Announcement • Sep 04
Digi Power X Inc. Receives Tier 3 ANSI/TIA-942-C "TIA-942 Ready" Certification for ARMS 200 AI Modular Platform Digi Power X Inc. announced that its wholly owned subsidiary, US Data Centers Inc. has been officially awarded Tier 3 certification under the ANSI/TIA-942-C-2024 "TIA-942 Ready" standard for its ARMS 200 modular AI-ready data center platform. The certification was issued by EPI Certification Pte Ltd. following a successful independent audit on August 26, 2025, confirming that ARMS 200 meets the highest global standards for resilience, reliability and compliance in data center design. The ANSI/TIA- 942 certification is among the most respected global standards in the data center industry: Global Standard - Covers site location, architecture, electrical, mechanical, telecom, safety and security; Independent Verification - Third-party audited by EPI Certification, going far beyond self-declarations; Tier 3 Recognition - Ensures high availability with concurrent maintainability, critical for AI, enterprise and hyperscale clients; Market Signaling - Many hyperscalers and global enterprises require TIA-942 certification in procurement, making ARMS 200 immediately more competitive in RFPs, sales and investor engagements. In parallel with this certification, Digi Power X is accelerating its AI infrastructure roadmap. The Company has: deepened its strategic partnership with Super Micro Computers Inc. to integrate AI-optimized rack-scale systems into the ARMS 200 platform; and completed the purchase of NVIDIA B200 GPUs, which will be deployed across ARMS 200 facilities to support hyperscale AI, enterprise and cloud workloads. Reported Earnings • Aug 15
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: US$0.28 loss per share (further deteriorated from US$0.16 loss in 2Q 2024). Revenue: US$8.11m (down 12% from 2Q 2024). Net loss: US$10.4m (loss widened 118% from 2Q 2024). Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Announcement • Aug 13
Digi Power X Inc. to Report Q2, 2025 Results on Aug 14, 2025 Digi Power X Inc. announced that they will report Q2, 2025 results After-Market on Aug 14, 2025 New Risk • Jul 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 37% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Announcement • Jul 29
Us Data Centers Inc., Files Provisional Patent for Arms 200 Modular Ai Data Center Platform Digi Power X Inc. announced that its wholly owned subsidiary, US Data Centers Inc., has filed a provisional utility patent application with the United States Patent and Trademark Office for its ARMS 200 (AI-Ready Modular Solution) platform. The ARMS 200 is a Tier 3-certified modular data center platform designed to support high-density GPU clusters. Each completed pod, upon deployment, can deliver 1 megawatt of compute capacity and is configured for up to 256 NVIDIA B200/B300 GPUs. The ARMS 200 platform is optimized for rapid deployment across enterprise, severe and cloud-scale AI applications. Digi Power X plans to scale the ARMS 200 platform to 40 MW of critical power (55 MW total) at its Alabama site, supporting approximately 10,240 NVIDIA GPUs. The platform integrates liquid cooling, dual-path power redundancy and the Company's NeoCloud orchestration for GPU-as-a-Service operations. It is being developed in collaboration with Super Micro Computer Inc. and built to support NVIDIA's Blackwell-class architecture. The ARMS 200 provisional utility patent application filing marks the first in a series of modular systems under development at US Data Centers Inc., including the upcoming ARMS 300 and ARMS 400 platforms, tailored for hyperscale enterprise and government-grade AI infrastructure. Announcement • Jul 24
Digi Power X Inc. has completed a Follow-on Equity Offering in the amount of $14.9992 million. Digi Power X Inc. has completed a Follow-on Equity Offering in the amount of $14.9992 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,005,804
Price\Range: $3.12
Discount Per Security: $0.22
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 801,889
Price\Range: $3.119
Discount Per Security: $0.22
Transaction Features: Registered Direct Offering Announcement • Jul 21
Digi Power X Inc. has filed a Follow-on Equity Offering in the amount of $15.000002 million. Digi Power X Inc. has filed a Follow-on Equity Offering in the amount of $15.000002 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,807,693
Price\Range: $3.12
Transaction Features: Registered Direct Offering Announcement • May 31
Digi Power X Inc. has filed a Follow-on Equity Offering in the amount of $100 million. Digi Power X Inc. has filed a Follow-on Equity Offering in the amount of $100 million.
Security Name: Subordinate Voting Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Reported Earnings • May 15
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: US$0.05 loss per share (down from US$0.17 profit in 1Q 2024). Revenue: US$9.28m (down 28% from 1Q 2024). Net loss: US$1.69m (down 135% from profit in 1Q 2024). Revenue missed analyst estimates by 25%. Earnings per share (EPS) exceeded analyst estimates by 88%. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 31
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: US$0.22 loss per share (improved from US$0.77 loss in FY 2023). Revenue: US$37.0m (up 42% from FY 2023). Net loss: US$6.80m (loss narrowed 69% from FY 2023). Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) exceeded analyst estimates by 33%. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Announcement • Mar 31
Digi Power X Inc. Provides Revenues Guidance for the Year 2025 Digi Power X Inc. provided revenues guidance for the year 2025. For the period, the company announced that assuming Bitcoin prices remain at current levels or rise further, the Company expects that its revenues will continue to grow in 2025. Announcement • Mar 26
Digi Power X Inc. to Report Q4, 2024 Results on Mar 31, 2025 Digi Power X Inc. announced that they will report Q4, 2024 results After-Market on Mar 31, 2025 New Risk • Mar 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings are forecast to decline by an average of 130% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$43m net loss next year). Market cap is less than US$100m (US$49.5m market cap). Board Change • Mar 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Gerry Rotonda was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 03
Digihost Technology Inc. Announces Board and Committee Changes Digihost Technology Inc. announced the appointment of Dennis Elsenbeck to the board of directors of the Company (the “Board”), effective February 27, 2025. Mr. Elsenbeck fills a vacancy created by the resignation of Zhichao Li from the Board on February 10, 2025. The company expressed its appreciation to Ms. Li for her contributions to the Company over the years as a member of the Board and the audit committee of the Board. Mr. Elsenbeck will replace Ms. Li as a member of the audit committee. Mr. Elsenbeck is the principal owner of ElsEnergy LLC and brings over 30 years of experience and expertise in energy-related industries. He also holds the position as Head of Energy and Sustainability in an upstate New York law firm and was a former Director at National Grid’s US Operations, an electric and natural gas transmission and distribution utility. New Risk • Feb 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings are forecast to decline by an average of 130% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$43m net loss next year). Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (US$69.2m market cap). New Risk • Feb 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings are forecast to decline by an average of 130% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$43m net loss next year). Shareholders have been diluted in the past year (15% increase in shares outstanding). New Risk • Jan 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.9m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings are forecast to decline by an average of 130% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$43m net loss next year). Market cap is less than US$100m (US$92.1m market cap). Announcement • Dec 18
NANO Nuclear Energy and Digihost Technology Announce Submission to New York State Energy Research and Development Authority’s Request for Information Digihost Technology Inc. and NANO Nuclear Energy Inc. announced a joint submission to a New York State Energy Research and Development Authority (NYSERDA) Request for Information (RFI) concerning the development of advanced nuclear energy technologies in New York State. This joint submission builds on the Memorandum of Understanding (MOU) between NANO Nuclear and Digihost that was announced on December 13 to advance the transition to carbon-free energy at Digihost’s 60-megawatt power plant in upstate New York. It also establishes NANO Nuclear as a key participant in New York State's pursuit of strategic partnerships and initiatives that align with its goals of achieving a zero-emission grid in its future for all New Yorkers. The collaboration with Digihost further enables NANO Nuclear to offer New York practical strategies and innovative solutions to address energy challenges faced by industries within the state. The RFI was initially announced by New York state on November 15, 2024. The RFI aims to gather information and gauge market interest for increased deployment of renewables and promoting the development of advanced nuclear technology such as NANO Nuclear’s “ZEUS” and “ODIN” microreactors in development. Reported Earnings • Nov 17
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: US$0.21 loss per share (down from US$0.005 profit in 3Q 2023). Revenue: US$9.18m (up 71% from 3Q 2023). Net loss: US$6.41m (down US$6.55m from profit in 3Q 2023). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 62%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Announcement • Nov 14
Digihost Technology Inc. to Report Q3, 2024 Results on Nov 15, 2024 Digihost Technology Inc. announced that they will report Q3, 2024 results at 9:30 AM, US Eastern Standard Time on Nov 15, 2024 Announcement • Sep 02
Digihost Technology Inc., Annual General Meeting, Oct 28, 2024 Digihost Technology Inc., Annual General Meeting, Oct 28, 2024. Reported Earnings • Aug 16
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: US$0.16 loss per share (further deteriorated from US$0.12 loss in 2Q 2023). Revenue: US$9.23m (up 57% from 2Q 2023). Net loss: US$4.77m (loss widened 44% from 2Q 2023). Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Announcement • Aug 16
Digihost Technology Inc. announced that it has received $3.999999 million in funding On August 16, 2024.Digihost Technology Inc. closed the transaction. Announcement • Aug 06
Digihost Technology Inc. announced that it expects to receive $3.999999 million in funding Digihost Technology Inc. announced that it has entered into a subscription agreement to issue 3,636,363 units of the company at a price of $1.10 per unit for the gross proceeds of up to $3,999,999 on August 6, 2024. Each Unit is comprised of one subordinate voting share of the Company and one warrant, with each warrant entitling the holder to purchase one additional Share. The Warrants have an exercise price of $2.00 per Share and exercise period of three years from the issuance date. The consummation of the Private Placement is subject to the receipt of all required corporate and regulatory approvals, including the approval of the TSX Venture Exchange, and other customary closing conditions, and is expected to occur on or about August 9, 2024. Price Target Changed • Aug 01
Price target decreased by 50% to US$2.50 Down from US$5.00, the current price target is provided by 1 analyst. New target price is 85% above last closing price of US$1.35. Stock is down 24% over the past year. The company is forecast to post a net loss per share of US$0.48 next year compared to a net loss per share of US$0.77 last year. Announcement • May 12
Digihost Technology Inc. to Report Q1, 2024 Results on May 14, 2024 Digihost Technology Inc. announced that they will report Q1, 2024 results on May 14, 2024 Announcement • May 03
Digihost Technology Inc. announced delayed 20-F filing On 05/01/2024, Digihost Technology Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Reported Earnings • Apr 03
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: US$1.54 loss per share (down from US$0.16 profit in FY 2022). Revenue: US$26.1m (up 7.9% from FY 2022). Net loss: US$21.9m (down US$26.2m from profit in FY 2022). Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) missed analyst estimates by 88%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. New Risk • Jan 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings are forecast to decline by an average of 34% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$23m net loss next year). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Market cap is less than US$100m (US$55.7m market cap). Reported Earnings • Nov 16
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: US$5.36m (up 43% from 3Q 2022). Net income: US$136.1k (up US$1.81m from 3Q 2022). Profit margin: 2.5% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Reported Earnings • Aug 16
Second quarter 2023 earnings released: US$0.12 loss per share (vs US$0.058 loss in 2Q 2022) Second quarter 2023 results: US$0.12 loss per share (further deteriorated from US$0.058 loss in 2Q 2022). Revenue: US$5.87m (down 21% from 2Q 2022). Net loss: US$3.31m (loss widened 107% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 61% per year, which means it is well ahead of earnings. Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Revenue: US$4.10m (down 44% from 1Q 2022). Net loss: US$9.09m (down 152% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Announcement • May 20
Digihost Technology Inc., Annual General Meeting, Jul 28, 2023 Digihost Technology Inc., Annual General Meeting, Jul 28, 2023. Announcement • May 17
Digihost Technology Expects to Receive Nasdaq Deficiency Notice Following a discussion with The Nasdaq Stock Market LLC on May 15, 2023, Digihost Technology Inc. expects to receive a notice (the Notice) on or about May 16, 2023 from Nasdaq indicating that, as a result of not having timely filed its Annual Report on Form 20-F (the Form 20-F) for the fiscal year ended December 31, 2022 (Fiscal Year 2022), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic reports with the SEC. Upon receipt thereof, the Company does not expect that the Notice will have any immediate impact on the listing of the Company's securities, which are expected to continue to trade on Nasdaq, subject to the Company's compliance with the other continued listing requirements of Nasdaq. Under the Nasdaq Listing Rules, the Company has 60 calendar days from the date of the Notice to submit a plan of compliance to Nasdaq. If Nasdaq accepts the plan, Nasdaq can grant the Company an exception of up to 180 calendar days from the original due date of the Form 20-F to regain compliance. However, there can be no assurance that Nasdaq will accept the Company's plan to regain compliance or that the Company will be able to regain compliance within any extension period granted by Nasdaq. If the Company fails to timely regain compliance with the Nasdaq Listing Rules, the securities of the Company may be subject to delisting from Nasdaq. As previously disclosed, the Company determined that it is a foreign private issuer that is not currently eligible to utilize the multi-jurisdictional disclosure system and, therefore, is for the first time required to file an Annual Report on Form 20-F for Fiscal Year 2022 with financial statements that are audited in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB). In light of the complexities associated with the transition from being MJDS-eligible to being a foreign private issuer that is not MJDS-eligible, the Company was unable to file its Form 20-F for Fiscal Year 2022 prior to the deadline therefor without unreasonable effort or expense because the Company's independent registered public accounting firm (the Auditor) is continuing its work on a PCAOB audit of the Company's financial statements to be included in the Form 20-F following the Company's request therefor. The Company expects to file the Form 20-F as promptly as practicable following the completion of the Auditors PCAOB audit of the Companys financial statements for inclusion in the Form 20-F and delivery of the Auditors report with respect thereto. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$1.91, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 43x in the Software industry in the US. Total returns to shareholders of 275% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$1.66, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 44x in the Software industry in the US. Total returns to shareholders of 433% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to US$1.55, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 42x in the Software industry in the US. Total returns to shareholders of 75% over the past three years. Announcement • Feb 09
Digihost Technology Inc. (TSXV:DGHI) acquired 60 MW Power Plant Located in New York. Digihost Technology Inc. (TSXV:DGHI) signed a purchase agreement to acquire 60 MW Power Plant Located in New York for $4.3 million on March 23, 2021. Under the terms of the agreement, the Digihost will pay to the vendor cash consideration of $3.5 million and issue to the vendor 437,318 common shares with a deemed value of $0.75 million or $1.72 per share of the Digihost. The securities issuable in connection therewith will be subject to a statutory four month and a day hold period. The transaction is subject to New York regulatory approval, TSX Venture Exchange and all required regulatory approvals. As of January 12, 2022, the Digihost Technology is currently continuing to wait for final Public Service Commission approval of the power plant acquisition. The transaction is expected to close within ninety days. Digihost Technology Inc. would expect the purchase transaction to close by the end of 2022. As on October 4, 2022, Digihost received approval from the New York Public Service Commission for the acquisition of the 60 MW power plant in North Tonawanda. Digihost is moving forward expeditiously with other closing matters in order to complete the acquisition of the power plant in fourth quarter of 2022. On December 2, 2022 Management anticipates this transaction will close in Q1 of 2023. As of January 20, 2023 The Company is finalizing closing documentation with the vendors and management anticipates that the Acquisition will close within the next 30 days.
Digihost Technology Inc. (TSXV:DGHI) acquired 60 MW Power Plant Located in New York on February 8, 2023. The terms of the Acquisition were amended to reflect an all-cash purchase price. No shares of the Company were issued in connection with the acquisition. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to US$1.51, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 42x in the Software industry in the US. Total loss to shareholders of 64% over the past year. Announcement • Feb 03
Digihost Regains Compliance with Nasdaq Minimum Bid Price Requirement Digihost Technology Inc. announced that it has received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company has regained compliance with the minimum bid price requirement in Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq. The notice the Company received from Nasdaq on February 1, 2023 noted that the Company evidenced a closing bid price of its common subordinate voting shares on Nasdaq at or greater than the $1.00 per share minimum requirement for the last 10 consecutive business days. Recent Insider Transactions • Jan 26
Chairman & CEO recently bought US$53k worth of stock On the 20th of January, Michel Amar bought around 51k shares on-market at roughly US$1.04 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Michel has been a buyer over the last 12 months, purchasing a net total of US$158k worth in shares. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improved over the past week After last week's 67% share price gain to US$1.05, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 40x in the Software industry in the US. Total loss to shareholders of 73% over the past year. Reported Earnings • Nov 17
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: US$0.06 loss per share (down from US$0.029 profit in 3Q 2021). Revenue: US$3.74m (down 32% from 3Q 2021). Net loss: US$1.68m (down 331% from profit in 3Q 2021). Revenue missed analyst estimates by 31%. Earnings per share (EPS) exceeded analyst estimates by 57%. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. President & Director Alec Amar is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorated over the past week After last week's 26% share price decline to US$1.03, the stock trades at a trailing P/E ratio of 2.6x. Average forward P/E is 49x in the Software industry in the US. Total loss to shareholders of 80% over the past year. Reported Earnings • Aug 17
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: US$0.13 (down from US$0.44 in 2Q 2021). Revenue: US$7.46m (up 46% from 2Q 2021). Net income: US$3.58m (down 63% from 2Q 2021). Profit margin: 48% (down from 191% in 2Q 2021). Revenue missed analyst estimates by 57%. Earnings per share (EPS) also missed analyst estimates by 100%. Recent Insider Transactions • Jun 21
President & Director recently bought US$57k worth of stock On the 14th of June, Alec Amar bought around 45k shares on-market at roughly US$1.27 per share. This was the largest purchase by an insider in the last 3 months. This was Alec's only on-market trade for the last 12 months. Reported Earnings • May 17
First quarter 2022 earnings: Revenues miss analyst expectations First quarter 2022 results: Revenue: US$7.31m (up 53% from 1Q 2021). Net income: US$59.5k (down 18% from 1Q 2021). Profit margin: 0.8% (down from 1.5% in 1Q 2021). Revenue missed analyst estimates by 51%. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). President & Director Alec Amar is the most experienced director on the board, commencing their role in 2020. Independent Director Manish Kshatriya was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 29
Full year 2021 earnings released: EPS: US$0.01 (vs US$0.44 loss in FY 2020) Full year 2021 results: EPS: US$0.01 (up from US$0.44 loss in FY 2020). Revenue: US$25.0m (up US$21.4m from FY 2020). Net income: US$289.3k (up US$5.48m from FY 2020). Profit margin: 1.2% (up from net loss in FY 2020). Breakeven Date Change • Nov 15
Forecast to breakeven in 2021 The analyst covering Digihost Technology expects the company to break even for the first time. New forecast suggests the company will make a profit of US$7.65m in 2021. Earnings growth of 203% is required to achieve expected profit on schedule. Board Change • Nov 15
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Manish Kshatriya was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 