Let's get the ugly stuff out of way so I'm not accused of being uninformed. Their revenue is down about 8% YoY and they had a net loss of $28.4 million dollars. On the surface they look like a failing bitcoin mining, but that's not even close to the actual case.

First of all, the loss in revenue was intentional. That's not what I THINK, that's what they explicitly put in their 8-K filing with the SEC. They are intentionally scaling back low margin mining to move power capacity to high margin AI infrastructure.

As far as the 28.4 million loss goes, it was mostly paper losses, like bitcoin revaluation, and depreciation on their mining rigs.

NOW THE BULLISH PART:

They have absolutely zero debt, and a $78.5 million dollars balance sheet and they've already confirmed a 400 megawatt capacity. As a BTC miner that energy is valued at $1m per MW, but as AI infrastructure that energy is valued at $3-5 million per MW. The market is currently valuing them at $178k per MW which is a 95% discount when compared to CORZ or APLD.

DGXX isn't a BTC miner, they are an AI startup with zero debt, a massive balance sheet, and infrastructure already in place.

If you wanted to build an AI data center from scratch, it would cost you $8-15 million per MW. Call it an even $10m and their infrastructure alone is worth $4 Billion.

DGXX is absolutely undervalued in my opinion and the average analysts price on it is $4.00 in 2026.