Financing and Strategic Shift: Galaxy Digital has secured a $1.4 billion financing deal to transform its West Texas Helios campus from crypto mining to an AI and high-performance computing facility, aiming for significant revenue through a lease with CoreWeave Inc.
Market Reaction and Future Outlook: Despite an immediate 8.7% drop in stock price due to market skepticism, the long-term prospects of this pivot towards AI infrastructure are expected to stabilize Galaxy's business model and enhance its market position amidst increasing demand for AI resources.
