Galaxy Digital's Strategic Shift to AI Data Centers Gains Strong Buy Rating

According to PANews, Rittenhouse Research has assigned a "strong buy" rating to Galaxy Digital (GLXY) due to its strategic transition from Bitcoin mining to AI data centers. The analysis highlights that Galaxy's acquisition of the Helios data center, initially a contingency measure during the crypto downturn, has become a pivotal growth driver amid the surge in AI demand. Rittenhouse projects that Helios will generate $1.7 billion in EBITDA and $32 billion in equity value, significantly surpassing the volatility and high costs associated with mining operations. Galaxy has now fully exited the mining sector to focus on AI leasing, with analysts suggesting this shift could be one of the best strategic decisions in the crypto industry in recent years.