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Galaxy Digital reports $85M Q2 loss, expands Texas AI data centers with 5.7 GW power pipeline

Company Fundamentals
05 Aug 2026
PRNewsWire
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Bullish
Galaxy Digital reports $85M Q2 loss, expands Texas AI data centers with 5.7 GW power pipeline

Galaxy Digital posted a $85 million net loss in Q2 2026, mainly due to digital asset price declines, but saw growth in its data center business, delivering 133 MW of critical IT load at its Helios campus. The company expanded its AI data center footprint in Texas, securing over 5.7 GW of potential power capacity across new sites including McGregor, Caspian, and Selene. Galaxy also raised $3.5 billion through senior secured notes to fund further Helios expansion and entered a multi-year partnership with BNY to enhance digital asset infrastructure. These moves position Galaxy to capitalize on rising demand for AI and high-performance computing infrastructure.

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Morgan Stanley upgrades NNN REIT to Overweight, citing strong income and 6% dividend yield.

Morgan Stanley upgrades NNN REIT to Overweight, citing strong income and 6% dividend yield.

Morgan Stanley upgraded NNN REIT from Neutral to Overweight due to its stable income and strong financial health. The REIT boasts a 99.1% occupancy rate and 97.5% fixed-rate debt, ensuring steady rental income and protection against interest rate hik...

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Bullish
1 hour ago
Sandisk enters the S&P 100 as Nike exits the index on the same day.

Sandisk enters the S&P 100 as Nike exits the index on the same day.

On September 21, 2026, Sandisk was added to the S&P 100 index, replacing Nike, which was removed on the same day. This change reflects shifts in market capitalization and company performance within the index. The update is significant for investors t...

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Neutral
3 hours ago
Analysts raise bullish targets for ServiceNow despite recent stock volatility.

Analysts raise bullish targets for ServiceNow despite recent stock volatility.

Several top analysts, including Cantor Fitzgerald, Guggenheim, Morgan Stanley, and BTIG Research, have raised price targets and upgraded their outlooks for ServiceNow, signaling confidence in the company's long-term growth. Despite this, the stock ha...

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Bullish
3 hours ago
Academy Sports + Outdoors launches Brooks Month with new gear and community runs for runners.

Academy Sports + Outdoors launches Brooks Month with new gear and community runs for runners.

Academy Sports + Outdoors is celebrating Brooks Month from September 21 to October 18, highlighting its partnership with Brooks through a showcase of over 50 footwear styles, apparel, and accessories. The campaign includes expert guidance for runners...

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Google's AI business drives 24% revenue growth; rated Accumulate with $516 target and $296 stop.

Google's AI business drives 24% revenue growth; rated Accumulate with $516 target and $296 stop.

Google is positioned as a comprehensive AI provider across hardware, software, cloud, and telecom sectors. Its backlog has increased tenfold in three years and now approaches four times its trailing twelve months revenue, supporting a 24% year-over-y...

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