MxR

@daichi888 @disruptorinvest Put simply, yes. The conversation and algo ratings will significantly change when GaaS AI revs are confirmed shortly Patience for 3-6 more weeks will pay dividends, and then probably best to hold whilst the amount of MWs utilised for GaaS ramps up 👍🏼 $DGXX

the $IREN comp is interesting to me because i went back and looked at what it actually looked like 2023/ at around $4. class actions, default on $103M in equipment loans, bears calling it a scam. way messier than $DGXX is today (thanks for this!!!) the rerate took 2.5 years and the real catalyst was the first AI revenue actually hitting, not the pivot announcement, not the H100 order. the moment the numbers showed up in a press release, the narrative shifted permanently. so my question is basically: is that the same setup here? first AI revenues next month being the "IREN H100 pilot moment" and everything after that is just waiting for the microsoft/google-scale deal?

$DGXX reminds me of $IREN a couple of years ago when it was around $4. Nobody wanted it at the time when it was just popping out on my scanner and then all of a sudden everyone did and it rerated like 20x. The amazing thing was that the rerate was largely justified IMO. At some point I think investors are going to realize that the real 'bottleneck' for memory, photonics, etc... is the actual power to make it function. Morgan Stanley just put out another note projecting a 49GW shortfall by 2028 in available power access. It keeps rising for those who track it and a lot of companies who stand to benefit from it like $IREN, $CIFR, $BITF, $GLXY, $CLSK, $SLNH, etc... have stock prices well off their highs. $DGXX not only has access to the power now, but also just got a huge uplift in accessing the necessary funding by having a current BlackRock board member lead the deployment of their modular ARMS units via the launch of US Datacenters (USDC). This is a subsidiary (that may IPO from my understanding) and is deemed (at least by me) as an embedded call option on an already compelling investment idea with $DGXX owning 55% of USDC. This is only a ~$150M market cap company with $80M cash and no debt. Beyond the 400MW they have operational and in development, we should expect an announcement in the next couple of weeks on an additional 1.3GW site in WV based on press releases. What I've noticed over the years is that it's hard to find these types of setups early. What's even harder is holding them and waiting for the inflection. As I'm looking at this, I'm thinking we may see an inflection here sooner rather than later when they start churning out their first AI revenues next month. You can already see the institutions starting to initiate positions via the 13F filings. Right now I'm projecting $DGXX exiting Q32026 with 15MW of AI revenues deployed (10MW Alabama + 5MW New York) churning $1.3M/MW/Mo or an annual revenue run rate of $234M. These are long-term contracts. Management was also at GTC this week meeting with $NVDA to become a NCP partner, which would be a big deal. What I've referenced is only 15MW of the 200MW they have operational. The 200MW they have in development in NC is coming along well by a $GOOG datacenter and the 1.3GW in WV they have an LOI on is coal powered. If you research that site you can see $DGXX may actually have some negotiating leverage on them. An investment in this company is not risk free and I encourage everyone to do their own due diligence before making investment decisions. I enjoy sharing my research and welcome any feedback you have (both positive and negative) as I build my investment thesis.

@ktmkr1 Think they posted earnings in 2024 on 2nd April? Not sure on the deadline

@mxrbtc Isn’t end of March their deadline for end of quarter?

Just to correct: The next Form 13F filing deadline for institutional investment managers is May 15, 2026, covering the first quarter (Q1) ending March 31, 2026.  So 15th May next date in calendar, but this obviously won't include any April institutional purchases - which could be big considering the GaaS revenue may be confirmed that month/ some institutional buying could occur around next earnings, which we still don't have the date for Q2 2026 (ended June 30): August 14, 2026 (Friday)... $DGXX

@rk8215 @ROIRecruiter @FrankCurzio Brilliant write-up, very much appreciated 👏

$DGXX My Take on USDC Spinoff & Michel Amar Interview TL;DR: I see spinoff as a net positive, I remain bullish, but cautious. April is month of execution, lets see how it goes. First of all, I would like to thank @FrankCurzio for doing this interview. Frank has done a lot for $DGXX shareholders and has been a constant resource of information. I feel he received an unjustified amount of negative feedback last week. He is providing this information for free for all of you, so please make sure to follow him. Second, I noticed there were a lot of negative emotions last week. I admit I was more bearish than I had ever been after reading the initial press release. It is good that DigiPower X published a statement and more information on the topic, but I feel that a couple million in market cap could have been saved. I want to be very clear on one thing: If a -20% drop in stock price makes you very emotional, it means you might have over-invested. Please manage your position size accordingly. Never go all in on any micro-cap. Micro-caps involve a lot of risks that you need to manage. That being said, after analyzing all the available information and listening to the interview, I am no longer bearish on this move, but there are definitely some caveats I will keep an eye on. Let's start with the elephant in the room, the USDC Spinoff. $DGXX stock dropped 20% last week after announcing the spinoff of US Data Centers (USDC), and full outrage over fears of dilution and insiders taking the best assets. After the spinoff, USDC will be a completely separate entity created to build and sell and manufacture ARMS. It has zero assets currently—just the IP/prototype developed by $DGXX. Building this hardware business is highly capital-intensive. Doing it inside $DGXX would have heavily diluted existing shareholders. By spinning it out, USDC raises its own capital. DGXX is protected from the downside risk but keeps the majority of the upside (owning ~55% of USDC). Without this spinoff, DigiPower X would not have heavy hitters like Hans Vestberg on board. With his connections. Michel heavily leaned on the fact that they couldn't afford to pay former Verizon CEO Hans Vestberg a $24M–$30M cash salary. Vestberg's compensation—and the rationale for the spin-off—is entirely equity-based so $DGXX keeps its cash. Amar also confirmed that it costs 5.5 million dollars to build one MW of Tier 3 infrastructure (including ARMS, excluding GPUs). This is a very low number. Well done here. Now here is the caveat. This all sounds good, but I will be keeping an eye on what management really does. My biggest fear is that the 55% we own on USDC might be diluted to a much smaller number in future as press releases in general are not binding. Worth keeping an eye. Site Updates & Execution Some updates were provided during the interview: Alabama (70 MW): The site is ready. $20M worth of Nvidia B200/B300 GPUs are currently being tested at Supermicro and will be delivered and operational next month. DGXX just added 33 acres to the site, expanding the site to 55 acres. $DGXX also secured a massive perk with Nvidia/Supermicro for next-business-day replacement on any failed chips. North Tonawanda (120 MW): The regulatory bottlenecks are finally clearing. The 60 MW gas combined-cycle power plant just got its load study approved, plus they secured an additional 60 MW of clean hydropower from the grid. After a three-year wait, DGXX just received the approved load study for their fully owned 60 MW gas combined-cycle power plant. Amar noted the base valuation of this plant alone has skyrocketed, conservatively pegging it at at least $1 million per megawatt in today's market. North Carolina (200 MW pipeline): Zoning was just approved for a site located right near Google's NC hub. This is the long-term growth engine mapped out for 2028–2030. Local news is already buzzing about job creation. As North Carolina is still in the distant future, I have not considered it in my own thesis. It is a bonus if it happens. Upcoming Catalysts The interview makes it clear that April will be a game changer for DigiPower X. There will be multiple catalysts coming. NeoCloudz launch: DGXX’s first true AI revenues are literally weeks away. They just dropped $20M on next-gen Nvidia B200/B300 GPUs, which are currently undergoing rigorous testing at Supermicro to ensure zero failures. Next month, these go live at the Alabama site. CEO Michel Amar specifically pointed out that when competitors like $APLD and $IREN transitioned from "talking about AI" to actually processing AI data, their market caps exploded. This launch is the exact moment DGXX pivots from being valued as a crypto miner to a credible AI infrastructure player. Insane Revenue Potential: Every 1 MW of GPU-as-a-service generates roughly $1.3 million a month. Converting 100 MW over the next 18 months would mean that given that they execute on that timeline, an eye-watering $130 million in monthly recurring revenue—meaning they could generate their entire current market cap in revenue every 30 days. Hyperscalers on the Sidelines: Big Tech is completely starved for power right now (as Frank noted, Microsoft is buying nuclear energy 20 years in advance). Amar confirmed that major institutions and hyperscalers are actively "waiting on the sidelines," watching DGXX closely. They are in dire need of power, but they want to see proof of concept first. Once DGXX successfully powers up its GPUs next month, the "execution risk" effectively drops to zero, which is the exact trigger needed for these deep-pocketed hyperscalers to start signing massive colocation deals. Nvidia Partnership: This is a massive, under-the-radar catalyst. Amar confirmed he is actively meeting with Nvidia and Supermicro leadership to establish DGXX as an NCP. Why is this a game-changer? Because once certified, whenever an enterprise customer buys GPUs directly from Nvidia, Nvidia will actively recommend DGXX as the certified, premier site to host and power those chips. It essentially turns Nvidia into a built-in, global sales funnel for DGXX's infrastructure. Final Thoughts I see this spinoff as a net positive, and I remain bullish on $DGXX. I will continue to hold it as a shareholder. There is, however, definitely more risk on the table after the spinoff. Despite justifying the spinoff, Michel glossed over the exact breakdown of the other insider ownership in USDC. The specific financial terms, operating agreements, and exact cap table between $DGXX and USDC were not addressed and remain private. For skeptical shareholders, the mechanics of how insiders are compensated here are still a mystery. April will be the month of execution. I will be keeping an eye on how DigiPower X keeps its promises. If they deliver on those promises, I do believe there will be a massive re-rate; however, any delays in execution will probably cause some sell pressure on the stock.

The BIGGEST interview in $DGXX history is here! @michelamar3 cleared the air and turned over every stone regarding USDC... and how the creation of this vehicle is a game-changer for @DigipowerX. He also talks about one short-term catalyst that could instantly send the stock surging to over $5 a share. It was hands down one of our best interviews to date. Enjoy and I'm eager to hear your feedback.

Just finished taping my exclusive interview with $DGXX CEO @michelamar3. It's in production and we'll post it right here in about 60 min. A few highlights: - Creating USDC is brilliant - USDC results in ZERO dilution for DGXX shareholders - It locks in superstar talent (former CEO of Verizon / board member of Blackrock) long-term without having to pay them tens of millions in compensation every year - Updates on Alabama, NY and North Carolina assets - Michel has not sold one share in over 10 years - Huge short-term catalysts in the pipeline... Overall, it was a great interview! He addressed many of the questions you asked on X. You'll see why creating USDC is a game-changer. Thanks to the $DGXX community for the outreach... and looking forward to your feedback.

@jasonEVadvocate Balls are tingling $DGXX

I don't have anything telling me, but intuition, however, for some reason it feels like $dgxx will be taking off very soon like sometime this week, maybe even today or tomorrow. I said that a few weeks ago in a dream I had and was flatly wrong though, but jeez I have the feels!

Also just to add that there's no daily liquidity gap created but there is an hourly liquidity gap below at $2.30... If macro conditions change for the worse then $DGXX may fill this Not much to do except sit and wait ⏳

Personally I'm remaining patient with the stock. It remains very highly undervalued in my opinion. There's others companies (obviously massive differences in market caps) in the industry that are performing well and are roughly continuously are setting new 52-week highs ( $VRT, $WULF, $NBIS, $DOCN, $EQIX, $DLR, $OSS, $GSIT & $NUAI ) and I think $DGXX will be delivering likewise performance in six weeks or less... DGXX's very small market cap is both a blessing and a curse, as we all know too well. But resultantly I think it somewhat realistic we see it head to $10+ by the end of May. Friday's price movement and vagueness in the PR was really frustrating and my comments and thoughts on the news can be seen in previous posts. I wish USDC to fulfil its massive potential and I'm pleased that DGXX investors will own a piece of that pie. I also respect that management promptly released some clarifications today before the market opened. I look forward to the interview tomorrow. As always I appreciate hearing others' thoughts on anything DGXX 💪🏼

Accumulation hell continues for $DGXX but some great volume the last couple of trading days with a solid reaction today off of Friday's deviation below Expecting a break to the upside when GaaS revenues are confirmed due to algos officially rerating due to the reduction in execution risk. This could happen during their next earnings in ~2(?) weeks or an official PR I'm guessing late April/ early May... Likely range bound/ slow recovery up to ~$3 until then ⏳💤

@SpolianskyLaw 😅😂

@mxrbtc Don't hold your breath 😂🤣

For all the $DGXX shareholders, Friday was absolutely BRUTAL. The worst part of it was the way in which the communication went out. These people have been atrocious communicators and it makes me think that they outsource it all to their PR team in India... They should hire an outside firm to deal with their Public Relations because whoever is handling their comms might be retarded. All kidding aside, the money they spend on a PR firm would save them the $50m they lost in marketcap in a single day of trading. The silver lining to Friday's price action is knowing that @michelamar3 suffered with us longs - losing about $6M in net worth in a blink of an eye. If you see my comments on $DGXX related posts, I was very vocal about the way in which this PR was handled, along with the optics of it. I practice law on the daily and I see all kinds of Fraud, Self-Dealing, and SCUMMY shit happening all the time. The world is full of snakes and weasels. As a long-time shareholder, Friday's PR rubbed me the wrong way. But I reminded myself why I invested here - and USDC was not really a part of my core thesis, although it was a key part of the company's marketing pitch to raise $100m from shareholders last year... so yes, giving away something like 45% of the company that was built using $20m of shareholder capital (without having an independent valuation of the asset itself) felt like a gut punch by shady self-dealing insiders. Management has already sowed seeds of distrust within the retail shareholder base (which comprise something like 70+% of all shareholders), so it should come as no surprise that the terrible PR on Friday caused a climactic capitulation event for those who want nothing to do with what they perceive to be shady leadership. But lets say on-point and think about the reality of the situation, especially now that we have additional color with the clarification made today by the company: 1) $80m Cash on Balance Sheet (50% of the market cap in CASH). 2) Alabama @ 70mw and about to go LIVE with their first batch of Neocloudz GPUaas. 3) New York @ 120mw with a few ARMS pods being installed on site, hopefully in time for Summer. 4) North Carolina development site, building a 200mw DC. 5) 55% retained interest in USDC, which under co-founder @hansvestberg, will probably become a 10-figure asset. The man is considered the architect of @Verizon's 5g expansion and wouldn't come on board if he did not see significant value in what he could potentially build. 6) USDC did not retain any of the most important core DGXX assets. Conservatively, $DGXX is going to have no less than 10mw of LIVE AI Revenue generation this year. If they do nothing else but go live with 10mw, it would be a disappointment... but within then next 12-months, they'll generate $150m in top line revenue - and I'd bet they'll see 70-80% EBITDA Margins. On top of all of this, Institutions are adding. You'll probably see another 5m+ shares added by the tutes going into the May 15 filing deadline. Smart Money is buying, adding, and holding. Retail is overexposed, emotional, and panicking. Did I express significant and utter frustration on Friday? Yes; likely positions that were well received by retail shareholders because they felt exactly the same way. Did I add to my position on what I found to be an irrational overreaction to news that had no meaningful impact to my initial thesis? Absolutely. Scared Money Don't Make Money. For those who sold, I completely understand. It's hard to hold shares of a company that has dropped the ball repeatedly. But AI revenues are quite literally around the corner. You've made it this far just to have shitty comms scare you. It might've been that you were overexposed to this single stock, and you need to do whatever it takes to sleep well at night. For those who stood their ground and held, or added - present company included - I hope management finally gets their head out of their ass and realizes the importance of being effective communicators.

@stocks4545 @rk8215 Gotta wonder why they didn't share all these details on Friday Very likely that a LOT of retail shares ended up in institutions hands on Friday - and maybe some more today Whether this was purposeful or accidental we can only speculate...

@rk8215 I'm long but dumbass $DGXX PR dept should have clarified this Friday instead of allowing shorts/bears to take advantage.

$DGXX THIS IS GOOD NEWS! Digi Power X clarifies that US Data Centers, Inc. (USDC) is an independent subsidiary focused on manufacturing and selling the ARMS modular AI data center system, while Digi Power X retains ownership of its data center sites, ARMS pods, GPUs and all site-level revenue. Digi Power X confirms the following: All ARMS pods deployed at Digi Power X-owned sites, all GPUs within those sites and all related revenues - including colocation, managed services and contracted deployments - belong 100% to Digi Power X. USDC has no claim on any pod, GPU or site revenue. All Digi Power X assets, including its data center facilities, infrastructure, ARMS pods, GPUs, technology and proprietary systems, remain solely owned by Digi Power X. All pipeline contracts and strategic agreements in development remain entirely with Digi Power X. USDC's role is limited to the manufacturing and distribution of ARMS equipment. Upon sale to Digi Power X and deployment of ARMS pods at a Digi Power X site, the pods and all GPUs within them become the exclusive property of Digi Power X. USDC retains no ownership interest, profit participation or contractual claim on any Digi Power X pod, GPU, site, asset, revenue or business opportunity. Any future equipment Digi Power X purchases from USDC will be at cost. morningstar.com/news/accesswir…

$DGXX just dropped the clarification that changes everything. cap table now confirmed: DGXX = 55% management + vestberg = ~35% seed investors = ~10% (vestberg explicitly included in the 35% not just michel and alec.) all ARMS pods, GPUs, site revenue = 100% DGXX. zero USDC claim. future ARMS purchases from USDC = at cost. no markup. no captive customer risk. zero share dilution at DGXX level in fiscal 2026. the $15M/MW story is fully intact inside the public company. what's still open: individual breakdown within the 35% who got what exactly independent valuation still not published 21-day notice breach still admitted and unexplained governance execution was poor. financial thesis is intact. alabama go-live late march. first revenues april. tomorrow @FrankCurzio and @michelamar3 still matters. $DGXX

@chinoalemano Exactly this ^^ Good clarification document but there's still a few unanswered questions, hopefully some get cleared up in tomorrow's interview but I doubt we find out the USDC insider ownership specifics until the Series A round $DGXX

$DGXX just released a clarification: ✔️ DGXX keeps 100% of site revenue ✔️ ARMS purchased at cost (!!) ✔️ 55% stake confirmed ✔️ $80M cash, zero debt This is good. Buying ARMS at cost removes a real concern. ✔️ But here’s what’s still unanswered: The 'co-founding management team' holds ~35% of USDC for free. If that 35% is mostly Vestberg, fine, he brings real value. Call it retain talent, which is good. But what if it’s 5% Vestberg and 30% the same insiders who were already employed by $DGXX? That’s the question. And until they publish the individual breakdown, we don’t know. Who exactly has that 35%? ⚖️ And who bought/valued $800k (valuation of $10M)? I would expect most of the chunk goes to Vestberg.

"You can believe in a rerate and still demand it treats you fairly." Perfectly sums up where I'm at. Hence why I applaud all of this shareholder pressure on @DigipowerX management. Some clarification on future revenue agreement between DGXX and USDC and/or a full/partial return of USDC insider shares (bar Hans') would do the world of good. A big if, but if the next move by DGXX management is perfect and goes a long way to restoring trust then the stock could really fly.

Right now there are three camps in $DGXX: 1️⃣ Those who received USDC shares 2️⃣ Those holding and scared/undecided 3️⃣ Those who put honesty above everything else @YungAds_ and I have disagreed a lot throughout $DGXX’s journey. He justified every single move, every dilution, every pivot, every announcement. Bullish on all of it. Until this one. He sold. Even the biggest bull in the room couldn’t justify this. Even @rk8215 is reserving judgment for Tuesday, but his discomfort is clear. I’ve been more skeptical throughout. Those who got shares say this is the best thing that happened to the company. Honestly? If I’d received some of those 10.2M shares, I’d probably say the same. But I didn’t. So here’s the truth: The spinoff may be good. The spinoff may be bad. Hans is not the problem. The problem is that 10.2M shares were taken for free. And no, they didn't go to Hans. No. They went to insiders. Not just/only Hans. The same people that work for DigiPower X. DigiPower X lost all control over US Data Centers. Over ARMS. A $10M valuation was used to sell shares to, who knows who. Honesty is worth more than hopium. For the record: I still think $DGXX is undervalued. The AI infrastructure play is real. The assets are real. But that doesn’t change what happened on March 13. You can believe in a rerate and still demand it treats you fairly. Those two things are not contradictory.

@RustyShrink Unfortunately, I think that is almost certain come Monday/Tuesday

@mxrbtc We may touch some ones before repricing

My intuition tells me this is what will happen with $DGXX over the coming six weeks Expecting it to get worse though before it gets much much better 💪🏼

Excerpt from x.com/chinoalemano/s… "But here is what makes this filing extraordinary: DigiPower X did not just use the exemption. They admitted, in black and white, that they also broke a procedural rule in the process. In their own words, from the SEC filing: "The Company did not file a material change report in respect of the participation by the Insiders at least 21 days before the closing of the transaction, which the Company believes is reasonable in the circumstances in order to complete the transaction in an expeditious manner." They skipped the legally required 21-day notice. The notice that exists precisely to give shareholders time to react before a related party transaction closes. Their justification? They wanted to move fast. That is not a legal exemption. That is an explanation. Their own explanation. Published in a federal securities filing because the law required them to disclose it — not because they volunteered it. They closed the deal. Then they told you." I think the expeditious manner they completed this in is because they know an aggressive rerate is coming for $DGXX, and if they were to ever make this play for USDC then they had to move quickly and before AI revs came through and the company turned into $1B+ company under even more scrutiny... I think management underestimated the current shareholder base, but feared the future shareholder base even more as the company grew even bigger. Very frustrating situation and I applaud those taking action to force management to explain why they have made the decisions with USDC that they have made and why they made them in such a shady manner. Annoyingly, I still think DGXX rerates way higher over the next six weeks, and retail shareholders are going to get even more frustrated.

I wouldn't be surprised to see $DGXX head to below $2 on Monday, before ending the month of April at over $5 Assuming they get rerated due to confirming their first AI revenues