Galaxy Digital doubles Helios data center capacity to 1.6GW after Texas approval, shares surge 12%

Galaxy Digital Secures Additional Approval For Helios Data Center, Shares Surge - Galaxy Digital (NASDAQ:GLXY)

Galaxy Digital Inc. (NASDAQ:GLXY) shares are moving higher on Thursday after the company completed ERCOT interconnection studies and secured approval for additional power capacity. Galaxy Digital stock is charging ahead with explosive momentum. What's behind GLXY gains? Galaxy Secures Additional 830 Megawatts Galaxy Digital announced it completed a Large Load Interconnection Study and received approval from the Electric Reliability Council of Texas for an additional 830 megawatts at its Helios data center campus. This approval effectively doubles the total approved power capacity to over 1.6 gigawatts, positioning Galaxy as a significant player in the AI and high-performance computing infrastructure market. The new capacity will support multi-tenant partnerships and is a crucial step in the long-term development of the Helios campus, which is currently under construction. The company is on track to deliver initial power in early 2026, marking a significant advancement in its infrastructure capabilities. Galaxy Sees Positive Momentum The stock is currently trading 19.4% above its 20-day simple moving average (SMA) and 1.6% below its 100-day SMA, demonstrating short-term strength while showing some resistance at longer-term averages. Shares have increased 28.95% over the past 12 months and are positioned closer to their 52-week highs than lows, indicating a strong upward trend. The RSI is at 59.50, which is considered neutral territory, suggesting that the stock is neither overbought nor oversold. Meanwhile, MACD is above its signal line, indicating bullish momentum for the stock. The combination of neutral RSI and bullish MACD suggests positive momentum. Key Resistance: $30.50 Key Support: $25.50 Earnings & Analyst Outlook Investors are looking ahead to the next earnings report on February 3, 2026. EPS Estimate: $-0.17 Revenue Estimate: $16.53 billion Valuation: P/E of 50.3x (Indicates premium valuation) Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $44.80. Recent analyst moves include: Citizens: Initiated with Market Outperform (Target $60.00) (Dec. 9, 2025) Goldman Sachs: Neutral (Lowered Target to $26.00) (Dec. 5, 2025) Goldman Sachs: Neutral (Lowered Target to $30.00) (Nov. 21, 2025) Valuation Insight: While the stock trades at a premium P/E multiple, the strong consensus and rising estimates suggest analysts view the growth prospects as justification for the 52% upside to analyst targets. Section: Benzinga Edge Rankings Below is the Benzinga Edge scorecard for Galaxy Digital, highlighting its strengths and weaknesses compared to the broader market: Momentum: Bullish (Score: 83/100) -- Stock is outperforming the broader market. Value: Risk (Score: 4/100) -- Trading at a steep premium relative to peers. The Verdict: Galaxy Digital's Benzinga Edge signal reveals a classic "High-Flyer" setup. While the Momentum (83) confirms the strong trend, the extremely low Value (4) score warns that the stock is priced for perfection -- investors should ride the trend but use tight stop-losses. Also Read: Crypto Custodian Company BitGo Targets Nearly $2 Billion Valuation In NYSE IPO GLXY Stock Surges GLXY Price Action: Galaxy Digital shares were up 7.59% at $30.33 at the time of publication on Thursday, according to Benzinga Pro data. Image: Shutterstock GLXYGalaxy Digital Inc$30.458.02%Overview This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Galaxy Digital Climbs on Texas Data-Center Expansion Approval, Tokenized CLO Issuance

Shares of Galaxy Digital rose after the company said it received approval to expand its data-center campus in West Texas and it issued a tokenized collateralized loan obligation. Shares were up 12%, to $31.56, midday Thursday. The stock has risen 62% in the past year. The data-center-infrastructure and digital-assets company said Thursday that it got approval from the Electric Reliability Council of Texas to expand its Helios data-center campus to add 830 megawatts of computing capacity after completing a Large Load Interconnection Study. The company said it remains on track to deliver initial power early this year, adding that the approval expands its development runway. "Securing this additional 830 MW approval from ERCOT is a watershed moment for Galaxy and affirms our position as an operator capable of executing hyperscale AI data center development," Galaxy Chief Executive Officer Mike Novogratz said. The company said it is considering additional power and land opportunities, both in Texas and outside the state. Galaxy also said Thursday that it had closed the issuance of Galaxy CLO 2025-1, the company's first issuance of a tokenized collateralized loan obligation. The CLO, which is tokenized on the Avalanche blockchain, would be used to finance an uncommitted credit facility to crypto lending platform Arch Lending. The company said it has financed $75 million so far, and that the CLO may scale up to $200 million. The transaction closed with a $50 million anchor allocation from Grove, a credit-infrastructure protocol within the Sky ecosystem.