Movement Alert|Galaxy Digital Holdings Ltd. Rises 5.11% in Regular Trading, Data Center Business Expansion Continues to Drive Market Revaluation

Market Focus08-27 22:46

On August 27, Galaxy Digital Holdings Ltd. rose 5.11% in regular trading, trading at $26.02/share, with turnover of $52.54 million, extending the previous session's strong momentum.

On the news front, the company's data center business expansion continues to attract market attention. Galaxy Digital has completed Phase I of its Helios data center campus in West Texas, delivering 133 megawatts of critical IT load to CoreWeave under a 15-year lease agreement, with Phase II construction of 260 MW underway and expected to deliver in H1 2027. The company also acquired 500 acres in McGregor, Texas for an AI and high-performance computing data center campus, and priced $3.51 billion in senior secured notes to finance construction of eight data halls with 400 MW of utility capacity. In Q2, the data center business contributed $20 million in adjusted gross profit and $11 million in adjusted EBITDA, demonstrating the effectiveness of the company's business transformation into digital infrastructure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment