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Galaxy Digital ( (TSE:GLXY) ) has shared an update.
Galaxy Digital Inc. has secured a $1.4 billion project financing facility to accelerate the development of its Helios AI datacenter in West Texas, marking a significant milestone in its expansion into the AI infrastructure space. This financing will support the first phase of power delivery to CoreWeave, with Galaxy anticipating over $1 billion in average annual revenue over a 15-year term. The Helios campus aims to become one of the largest AI datacenter campuses globally, with a potential power capacity of up to 3.5 GW, reflecting Galaxy’s strategic shift beyond cryptocurrency into broader AI and HPC infrastructure.
The most recent analyst rating on (TSE:GLXY) stock is a Buy with a C$36.00 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 Outperform.
Galaxy Digital Holdings is well-positioned with strong profitability, a robust balance sheet, and strategic growth initiatives in AI and digital assets. The upcoming Nasdaq listing and UK expansion are significant positives. However, revenue volatility, cash management issues, and recent crypto market challenges weigh on the score. The technical analysis indicates potential near-term volatility, and the valuation reflects both optimism and inherent risks. Overall, while the company has a solid foundation for future growth, investors should remain cautious of market volatility and regulatory challenges.
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, offering institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. The company also invests in and operates advanced data center infrastructure to support AI and high-performance computing, addressing the increasing demand for scalable energy and compute solutions. Headquartered in New York City, Galaxy has a presence across North America, Europe, the Middle East, and Asia.
Average Trading Volume: 1,245,684
Technical Sentiment Signal: Buy
Current Market Cap: C$14.86B
For a thorough assessment of GLXY stock, go to TipRanks’ Stock Analysis page.