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Price · 1Y
$22.68
Thesis
Galaxy Digital is a diversified digital-asset financial-services firm spanning institutional trading and lending, asset management, advisory, and a rapidly growing data-center / HPC business (Helios) that monetizes legacy bitcoin-mining infrastructure for AI compute. The company moved its primary listing from the Toronto Stock Exchange to NASDAQ in 2025, broadening its US institutional shareholder base.
Earnings are crypto-cycle sensitive but the Helios pivot adds a structural data-center revenue stream that diversifies away from pure-crypto beta. Risks: cycle-driven mark-to-market on trading and investment portfolios, regulatory developments around institutional crypto custody and lending, and execution on the Helios HPC build-out.
Catalysts
- Crypto cycle and trading-volume contribution
- Helios HPC capacity ramp and AI customer contracts
- Asset Management AUM growth
- Stablecoin and tokenization institutional-flow expansion
Recent events
Material filings, federal awards, and regulatory activity. Impact is scored against market cap.
- Jul 24OtherSEC
8-K filing (items 8.01, 9.01) disclosing other events.
- Jul 22OtherSEC
Galaxy Digital files 8-K (items 7.01, 9.01) disclosing Regulation FD information.
- Jul 13LeadershipSEC
8-K item 5.02 filing on director/officer changes or compensation.
- May 28OtherSEC
8-K item 5.07 filing on matters submitted to security holder vote.
- May 8Securities offeringSEC
Galaxy Digital filed Form 424B3 prospectus supplement for securities resales.
- May 8OtherSEC
8-K filing (items 1.01, 9.01) disclosing entry into a material definitive agreement.
- May 8Securities offeringSEC
Galaxy Digital filed Form S-3 registration statement.
- May 8Securities offeringSEC
Filed S-3ASR automatic shelf registration statement with SEC on 2026-05-08.