Digi Power Up in Pre-Market Trade After 2024 Loss Narrows

09:38 AM EDT, 03/31/2025 (MT Newswires) -- Digi Power X ( DGXX ) , an energy infrastructure company that develops data centers, rose as much as 15% in U.S. pre-market on Monday after the company reported narrower 2024 loss.

The net loss narrowed to US$6.8 million or basic and diluted loss per share of US$0.22, compared with US$21.9 million or basic and diluted loss per share of US$0.77, a year-ago.

Revenue for 2024, grew by 42% to US$37.0 million compared with US$26.1 million, in the prior-year period. Digital assets increased by 450% from the prior year to US$4.53 million.

"Going forward, we believe our ability to pivot toward high-margin, recurring colocation revenues, while leveraging our low-cost energy access and robust infrastructure, will help position the company to be a rising leader in energy-backed digital infrastructure," said Digi Power X ( DGXX ) Chief Executive Michel Amar.

Digi Power expects its revenues to continue to grow in 2025, assuming Bitcoin prices remain at current levels or rise further. The company said it expects bringing additional power online during 2025 and is actively pivoting into Tier 3 AI data centers through its U.S. Data Center unit, a move which expected to generate significant shareholder value through 2025 and into 2026.

U.S.-listed shares of the company were last seen up 11% at $1.195 in pre-market trading.

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