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Galaxy Digital ( (TSE:GLXY) ) has shared an announcement.
Galaxy Digital has completed a Large Load Interconnection Study and secured approval from Texas grid operator ERCOT for an additional 830 megawatts of power at its Helios data center campus in West Texas, doubling the site’s approved capacity to more than 1.6 gigawatts under utility contracts with AEP Texas and transmission support from WETT. The expanded capacity underpins Helios’s evolution into a multi-gigawatt, multi-tenant AI and high-performance computing hub, reinforces Galaxy’s credentials as a hyperscale data center developer, and extends its development runway as it begins delivering initial power under a long-term lease with CoreWeave in early 2026 while exploring further land and power opportunities in Texas and other markets.
The most recent analyst rating on (TSE:GLXY) stock is a Hold with a C$39.00 price target. To see the full list of analyst forecasts on Galaxy Digital stock, see the TSE:GLXY Stock Forecast page.
Spark’s Take on TSE:GLXY Stock
According to Spark, TipRanks’ AI Analyst, TSE:GLXY is a Neutral.
The score is held back primarily by volatile financial statement quality (negative reported margins, inconsistent multi-year cash flow/profitability, and meaningful leverage) and a bearish technical setup (below key moving averages with negative MACD). The latest earnings call was a clear positive (record quarter and strategic execution), but valuation signals are limited by a negative P/E and no dividend yield provided.
To see Spark’s full report on TSE:GLXY stock, click here.
More about Galaxy Digital
Galaxy Digital Inc. is a global leader in digital assets and data center infrastructure, providing institutional-grade trading, advisory, asset management, staking, self-custody, and tokenization solutions. The company also designs and operates large-scale, AI- and high-performance computing-focused data centers, including its Helios campus in Texas, positioning Galaxy as one of North America’s largest and fastest-growing data center developers serving the finance and artificial intelligence markets.
Average Trading Volume: 914,674
Technical Sentiment Signal: Buy
Current Market Cap: C$15.3B
See more insights into GLXY stock on TipRanks’ Stock Analysis page.