
DGHI Stock Forecast & Price Target
DGHI Analyst Ratings
Bulls say
Digi Power X Inc is projected to experience significant growth in colocation revenue, with expectations to reach $41.7 million next year, a substantial increase from $18.9 million this year. The company has successfully pivoted its focus from traditional bitcoin mining to hosting, reporting an EBITDA of $5.5 million for the first three quarters of 2024, compared to a loss of $2.3 million in the same period last year. Additionally, Digi Power X's strategic partnership with NANO Nuclear Energy suggests a promising collaboration in advancing energy technology, further enhancing its market potential and long-term viability.
Bears say
Digi Power X Inc is experiencing a substantial decline in its financial outlook, with revised FY24 sales estimates dropping from $46.4 million to $40.1 million due to a decrease in bitcoin mining revenue and falling energy sales during the third quarter. The scheduled maintenance of the North Tonawanda power plant has further exacerbated the situation, leading to a reduction in projected FY25 sales estimates from $56.0 million to $45.7 million, highlighting challenges in the energy market and a weakening demand for bitcoin-related services. Additionally, while co-location services showed growth in the third quarter, the overall decrease in energy sales and self-mining revenue raises concerns about the company's ability to maintain a stable revenue stream in the near term.
This aggregate rating is based on analysts' research of Digi Power X Inc. and is not a guaranteed prediction by Public.com or investment advice.
DGHI Analyst Forecast & Price Prediction
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