Galaxy Digital Inc. (GLXY) shares surged Thursday after the company announced it completed a Large Load Interconnection Study and secured approval from the Electric Reliability Council of Texas for an additional 830 megawatts of power capacity at its Helios data center campus.
Here's why that matters: the approval effectively doubles Galaxy's total approved power capacity to over 1.6 gigawatts, positioning the company as a significant player in the increasingly competitive AI and high-performance computing infrastructure market. In a world where data centers are the new oil refineries, having that much power capacity is a pretty big deal.
Building for the AI Future
The new capacity will support multi-tenant partnerships and represents a crucial step in the long-term development of the Helios campus, which is currently under construction. Galaxy is targeting early 2026 for initial power delivery, marking a significant advancement in its infrastructure capabilities.
Think of it this way: Galaxy just got permission to build what amounts to a small city's worth of power infrastructure, all dedicated to feeding the increasingly hungry appetite of AI computing and high-performance data operations.
Technical Picture Shows Strength
The stock is currently trading 19.4% above its 20-day simple moving average and 1.6% below its 100-day SMA, demonstrating short-term strength while showing some resistance at longer-term averages. Over the past 12 months, shares have climbed 28.95% and are positioned closer to their 52-week highs than lows, indicating a strong upward trend.
The RSI sits at 59.50, which is considered neutral territory, meaning the stock is neither overbought nor oversold. Meanwhile, the MACD is above its signal line, indicating bullish momentum. The combination suggests positive momentum without the stock being overextended.
- Key Resistance: $30.50
- Key Support: $25.50
What Analysts Are Saying
Investors are looking ahead to the next earnings report on February 3, 2026, with analysts expecting an EPS of negative $0.17 on revenue of $16.53 billion. The stock currently trades at a P/E ratio of 50.3x, indicating a premium valuation.
The analyst consensus is a Buy rating with an average price target of $44.80, suggesting significant upside from current levels. Recent analyst activity includes:
- Citizens: Initiated with Market Outperform and a $60.00 target (Dec. 9, 2025)
- Goldman Sachs: Neutral rating with a lowered target to $26.00 (Dec. 5, 2025)
- Goldman Sachs: Neutral rating with a lowered target to $30.00 (Nov. 21, 2025)
Valuation Insight: While the stock trades at a premium P/E multiple, the strong consensus and rising estimates suggest analysts view the growth prospects as justification for the 52% upside to analyst targets.
The Bull Case Versus the Price Tag
Galaxy Digital scores an impressive 83 out of 100 on momentum metrics, confirming the stock is outperforming the broader market. But here's the catch: it scores just 4 out of 100 on value, meaning it's trading at a steep premium relative to peers.
This is what you might call a "High-Flyer" setup. The momentum is undeniably strong, and the Helios expansion gives the bull case real substance. But the valuation suggests the market is already pricing in a lot of success. If you're riding this trend, consider using tight stop-losses because the stock is priced for perfection.
Share Performance
GLXY Price Action: Galaxy Digital shares were up 7.59% at $30.33 at the time of publication on Thursday.
