BlackRock Picks Galaxy Digital (GLXY) to Power Its New Staking ETF [Yahoo! Finance]
Galaxy Digital Inc. - Class A common stock (GLXY)
Company Research
Source: Yahoo! Finance
and maintained a $50 price target on Galaxy Digital Inc. (NASDAQ:GLXY). The analyst cited Galaxy's expanding artificial-intelligence infrastructure footprint and its growing digital asset business as the key influences for the call. BlackRock Picks Galaxy Digital (GLXY) to Power Its New Staking ETF zoltan-tasi-uNXmhzcQjxg-unsplash The cornerstone of Lewis's argument is Galaxy's existing colocation contract with cloud computing provider CoreWeave. Lewis noted that Galaxy values the contract at about $14 per share. That infrastructure position will continue to grow, noted Lewis, who pointed out that Galaxy received approval from Electric Reliability Council of Texas, or ERCOT, in early Q1 2026 for an additional 830 megawatts of gross capacity at its Helios data center campus in West Texas. The 830 megawatts of gross capacity is equivalent to 550 megawatts of IT capacity. Lewis expects Galaxy to begin signing new colocation contracts for this additional capacity later this year.
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GLXY
News
- Galaxy Research Has A Timeline for MicroStrategy Bitcoin Stash To Overtake Satoshi's [Yahoo! Finance]Yahoo! Finance
- Galaxy Digital (GLXY) had its "buy" rating reaffirmed by Rosenblatt Securities. They now have a $39.00 price target on the stock.MarketBeat
- ‘$60 Billion Trapped’—Inside The Plumbing Problem Kraken’s IPO Exposed [Forbes]Forbes
- Galaxy Digital (GLXY) had its price target lowered by Piper Sandler from $42.00 to $36.00. They now have an "overweight" rating on the stock.MarketBeat
- Crypto's last shot? This risks sinking the Clarity Act before midterms, warns Galaxy analyst [Yahoo! Finance]Yahoo! Finance
GLXY
Earnings
- 2/3/26 - Beat
GLXY
Sec Filings
- 4/8/26 - Form ARS
- 4/8/26 - Form DEFA14A
- 4/8/26 - Form DEF
- GLXY's page on the SEC website