DGXX is trading at $8.91 (5.3% up) in after-hours trading, extending its rally on strong sentiment ahead of the initial public offering of its key partner, Cerebras Systems. The move comes despite a "pass" recommendation from Jim Cramer, who cited the company's lack of profitability.
- The recent surge is largely attributed to DGXX's pivot from crypto-mining to becoming an AI data center provider, highlighted by a major $1.1 billion (up to $2.5 billion) colocation deal with AI chip maker Cerebras.
- Anticipation is building around the Cerebras IPO, which is reportedly seeing soaring demand and is expected to be one of the largest of 2026, creating a positive tailwind for DGXX.
- The company also recently expanded its at-the-market equity offering program to fund its expansion into AI and high-performance computing infrastructure.