Galaxy Digital Stock Surges on AI Data Center Business -- WSJ

Dow Jones02:36

By Vicky Ge Huang

Shares of Galaxy Digital surged on Monday, with investors betting that the crypto financial services company's expansion into AI data centers will turbocharge its growth.

The stock jumped 24% Monday afternoon and was on track for its largest percent increase since November 2024.

Mike Novogratz, Galaxy's founder and CEO, said in a recent podcast appearance with Anthony Scaramucci that the company is building "what will be the largest single-campus data center in America," noting they have already leased out half of its capacity.

"It's an amazing business. It's probably more than half the value of Galaxy today," Novogratz said on the podcast.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

June 08, 2026 14:36 ET (18:36 GMT)

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