Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Galaxy Digital Holdings ( (TSE:GLXY) ) just unveiled an announcement.
Galaxy Digital Holdings Ltd. has announced a new agreement with CoreWeave Inc. to expand its AI and high-performance computing infrastructure at the Helios data center campus in West Texas. This agreement will increase the total committed capacity to 393 MW of critical IT load, strengthening Galaxy’s position in the AI data center market. The transition from bitcoin mining to AI and HPC infrastructure is underway, with Phase I expected to be operational by the first half of 2026 and Phase II throughout 2027. This move diversifies Galaxy’s business and enhances its ability to deliver value to shareholders, while also supporting Texas’s transformation into a digital infrastructure hub.
Spark’s Take on TSE:GLXY Stock
According to Spark, TipRanks’ AI Analyst, TSE:GLXY is a Neutral.
Galaxy Digital Holdings demonstrates strong profitability and strategic growth initiatives, notably in AI and digital assets. While financial stability issues and recent market challenges present risks, the company’s optimistic outlook and reasonable valuation support a solid overall score. The significant Nasdaq listing progress and UK expansion further bolster the company’s strategic positioning.
To see Spark’s full report on TSE:GLXY stock, click here.
More about Galaxy Digital Holdings
Galaxy Digital Holdings Ltd. is a global leader in digital assets and data center infrastructure, providing solutions that enhance progress in finance and artificial intelligence. The company offers a digital assets platform with institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. Galaxy 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 in the U.S. Headquartered in New York City, Galaxy has offices across North America, Europe, the Middle East, and Asia.
YTD Price Performance: -26.91%
Average Trading Volume: 211,221
Technical Sentiment Signal: Hold
Current Market Cap: $4.56B
Learn more about GLXY stock on TipRanks’ Stock Analysis page.