Galaxy Digital Shares Surge 23% on Data Center Plans
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 08 2026
0mins
Source: stocktwits
- Stock Surge: Galaxy Digital's shares jumped approximately 23% on Monday, reaching a high of $31, with trading volume around 10.7 million shares, double its average, indicating strong market enthusiasm for its strategic pivot.
- Data Center Development: Chairman Mike Novogratz announced the construction of the largest single-campus data center in the U.S., a 1.6-gigawatt facility in West Texas, which is already half-leased, reflecting robust demand in the AI infrastructure market.
- Job Creation: The project is expected to employ between 1,000 and 1,500 construction workers, potentially rising to 2,500, highlighting the company's commitment to local economic growth while expanding its operational footprint.
- Retail Sentiment Shift: On Stocktwits, retail sentiment around Galaxy shifted from 'bullish' to 'extremely bullish', indicating increased investor confidence in the company's future prospects, which could further drive stock price appreciation.
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Analyst Views on GLXY
Wall Street analysts forecast GLXY stock price to rise
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 33.040
Low
24.00
Averages
43.89
High
60.00
Current: 33.040
Low
24.00
Averages
43.89
High
60.00
About GLXY
Galaxy Digital Inc. is engaged in the business of digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence (AI). The Company's digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, it develops and operates data center infrastructure to power AI and high-performance computing workloads. The Company's segments include Digital Assets, Data Centers, and Treasury and Corporate. Its Digital Assets operating business segment provides new products and capabilities such as staking, margin-based financing and active exchange-traded funds. The Data Centers segment comprises the Helios infrastructure assets. The Company's Data Centers segment develops and operates High Performance Computing (HPC) infrastructure to meet the growing demand for large-scale, power-ready facilities in the AI/HPC industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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