Digi Power X Amends 10-K to Detail Substantial 2025 Executive Compensation and Related Party Transactions
Summary
Digi Power X Inc. filed an amended 10-K, revealing significant 2025 executive compensation, including over $12 million for the CEO, and a notable related party transaction with a director.
Key Events
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Substantial 2025 Executive Compensation
CEO Michel Amar received $12.03 million in total compensation for 2025, and President Alec Amar received $7.43 million. A portion of their salaries was paid in Bitcoin.
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New Executive Employment Agreements
New five-year employment agreements for the CEO and President commenced in August 2025, including performance-based cash bonuses tied to market capitalization milestones up to $1 billion.
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Notable Related Party Transaction
Director Gerard Rotonda received $250,000 cash, options for 200,000 SV shares (at strike prices of $2.60 and $6.00), and 200,000 shares of a subsidiary (US Data Centers, Inc.) in January 2026 for recruiting a senior advisor.
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Detailed Insider Ownership
As of April 27, 2026, CEO Michel Amar holds 10.05% of total voting power, and all directors and executive officers as a group hold 12.55% of total voting power.
Analysis
This 10-K/A provides the previously omitted Part III information from the original 2025 Annual Report, detailing executive compensation, director information, security ownership, and related party transactions. The disclosed 2025 compensation for CEO Michel Amar ($12.03 million) and President Alec Amar ($7.43 million) is substantial, especially considering the company reported increased net losses for 2025. Additionally, a notable related party transaction involved a director receiving $250,000 cash, 200,000 stock options, and 200,000 subsidiary shares for recruiting a senior advisor. These disclosures provide critical insight into the company's compensation practices and potential cash burn, which could impact investor sentiment.
At the time of this filing, DGXX was trading at $3.31 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $235.3M. The 52-week trading range was $1.16 to $6.78. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.