Q: Good morning, you appreciate your opinion on DGX. Thanks
5i Research Answer:
DGX was previously a crypto miner, but like many other crypto miners, has shifted to a broader energy infrastructure play. It operates power infrastructure for AI data centers, colocation, crypto-mining, etc. It has largely been flat over the past year or two, but within a wide trading range, and sales growth can be high, but it is fairly volatile. It is cash flow negative, and it issues shares to fund its operations. We would be cautious on this name due to its small size ($137M market cap), high volatility, and fundamentals that so far have not shown great progress in consistency or expansion.