Galaxy Digital's underappreciated data‑center business, highlighted by the $65m 2022 Helios acquisition of 1,500+ acres with 345kV infrastructure, underpins an 800 MW, 15‑year CoreWeave contract that the author projects will produce roughly $1.2bn of annual revenue at ~90% margins starting in H1 2026, with a further 1.7GW under ERCOT study; the claim is that the site's regulatory and build lead time gives rivals a 5–8 year catch‑up. Based on these assets and contracted cash flows the analyst pegs fair value at $50–$70 per share versus a current $25 market price, implying a potential re‑rating when commercial revenues begin.
The Seeking Alpha piece argues Galaxy Digital is materially undervalued at a $25 share price versus a stated fair value of $50–$70 driven by its data‑center assets rather than its crypto trading business; the author discloses a beneficial long position and the article is an analyst opinion with Seeking Alpha disclaimers. The thesis centers on Galaxy’s 2022 Helios acquisition for $65 million, which secured 1,500+ acres with existing 345 kV infrastructure that the author says would take competitors 5–8 years to replicate. The announced 800 MW, 15‑year contract with CoreWeave is projected to produce roughly $1.2 billion of annual revenue at ~90% margins with first revenue expected in H1 2026, and an additional 1.7 GW is under ERCOT study after 18+ months of progress. Key implications are a potential re‑rating if contracted cash flows materialize, balanced by execution and regulatory timing risk given the long lead time to commercial revenue; the article’s bullish tone is reflected in a moderately positive sentiment score (0.6) and a modest market‑impact score (0.35).
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moderately positive
Sentiment Score
0.60
Ticker Sentiment
