StoneX Says Galaxy Digital's AI Data Center Business Is Undervalued
(2 hours ago) · 1 source · Summarized by CryptoBipto
StoneX has issued a buy rating on Galaxy Digital, arguing that its Helios AI data center business is undervalued by the market. The analyst note suggests that concerns about CoreWeave's debt situation have weighed on Galaxy's stock price despite the strength of its data center operations.
WHY IT MATTERS
This story sits at the intersection of crypto companies and AI infrastructure. Galaxy Digital is primarily known as a crypto-focused financial firm, but it also runs data centers — large facilities filled with powerful computers — that support AI workloads. Think of a data center like a giant warehouse of servers that companies rent to run complex software. An analyst at StoneX (a financial research firm) believes the market is not giving Galaxy enough credit for this business. For crypto newcomers, this illustrates how some crypto companies are diversifying beyond digital assets into related technology sectors like AI computing. Analyst ratings are opinions, not predictions, and should not be treated as investment advice.
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- theblock.co
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