Galaxy Digital is mischaracterized as merely a crypto proxy, but recent innovations challenge this view. GLXY has launched institutional OTC prediction markets, targeting hedge funds and family offices with unique liquidity and discretion. I see significant growth prospects and an attractive valuation, supporting a bullish stance on GLXY.
Galaxy Digital is transitioning from a crypto-focused firm to a leading AI/HPC data center operator, with Helios as a core value driver. GLXY's 15-year CoreWeave lease is expected to generate $1B annual revenue and 90% EBITDA margins, with significant upside from an additional 830 MW capacity. I assign a BUY rating and a 12-month price target of $39.90, reflecting undervalued data center optionality and resilient digital asset operations.
Galaxy Digital had a decent Q1, but it's still not profitable and has plenty to execute ahead of it. Asset tokenization is a growing market that offers welcome upside and would be a welcome, capital-light addition. Data centers started making revenue in April through Helios, but this is more capital-intensive and not as easy.
| Capital Markets Industry | Financials Sector | Michael Novogratz CEO | XMUN Exchange | US36317J2096 ISIN |
| US Country | 700 Employees | - Last Dividend | - Last Split | - IPO Date |
Galaxy Digital Holdings Ltd. is a prominent entity within the digital asset and blockchain industries. With a multifaceted approach to the crypto space, the company operates through three main segments: Global Markets, Asset Management, and Digital Infrastructure Solutions. Headquartered in New York, New York, Galaxy Digital is at the forefront of providing a wide range of financial products and services designed for both individuals and institutional clients. This includes a deep involvement in the trading, financing, advising, and management of digital assets, as well as developing and investing in technologies that propel the digital asset ecosystem forward.