HIGHOutside partyCounterparty
Gemini custodian
“10-K Item 1: 'all of the Corporation's cryptocurrency assets are currently held in its Gemini wallets.'”
DGXX · Concentration risk · 10-K extracted
Digi Power X (DGXX) concentration risks
Updated
The most significant concentration Digi Power X discloses is Gemini custodian, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Digi Power X’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH4
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partyCounterparty
mining pool operator
“10-K Item 1: 'the Corporation participates in one mining pool in order to smooth the receipt of rewards.'”
HIGHBuilt-inGeographic
New York and Alabama
“10-K Item 1A: 'The Corporation currently conducts its cryptocurrency mining in the states of New York and Alabama.'”
HIGHOutside partySupplier
HPC equipment and miner suppliers
“10-K Item 1: 'The Corporation currently relies upon a limited number of suppliers from which it purchases its HPC related equipment and miners.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Digi Power X's concentration profile is unusually dense: all four disclosed exposures sit at a high share, spanning custody, operations, geography, and supply chain simultaneously. All of the corporation's cryptocurrency assets are currently held in its Gemini wallets, a single-custodian dependency, while reward receipt runs through participation in one mining pool, another dependency exposure. Operationally, cryptocurrency mining is currently conducted only in the states of New York and Alabama, a structural, high-share geographic concentration, and the company relies upon a limited number of suppliers for its HPC-related equipment and miners, a further dependency. Because every disclosed exposure is high-share, there is no lower-share item to net against the others — custody, mining-pool participation, geography, and hardware supply all represent comparably significant points of potential disruption. This combination means the business is simultaneously exposed to a single custodian, a single pool operator, a two-state operating footprint, and a thin supplier base, any one of which disclosed here could materially affect operations if disrupted.
For the engine’s reasoning on DGXX’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Utilities - Independent Power Producers
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| DGXX● | Digi Power X Inc. | 4 | 0 | 0 | 4 |
| TLN | Talen Energy Corporation | 2 | 2 | 0 | 4 |
| CEG | Constellation Energy Corporatio | 2 | 0 | 0 | 2 |
| OKLO | Oklo Inc. | 2 | 0 | 0 | 2 |
| NRG | NRG Energy, Inc. | 0 | 1 | 0 | 1 |
| HNRG | Hallador Energy Company | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.