Galaxy Digital stays Buy despite 26% drop, driven by Helios data center growth and strong long-term revenue outlook.

Galaxy Digital maintains a Buy rating even after a 26% stock price decline, supported by the growth of its Helios data center project. Helios Phase I is operational, with Phase II adding 260 MW capacity by 2027, and all phases leased to CoreWeave, targeting over $1 billion in annual rental income. The approved 830 MW capacity of Helios II is a major growth driver, though financing risks remain due to high leverage and reliance on CoreWeave's creditworthiness. Despite these risks, the lower stock valuation and rising earnings forecasts for 2028 underpin the positive investment thesis.

Galaxy Digital's stock is trading at USD 17.35 on Pluang as of Oct 28, 2026 20:03 WIB, showing a modest 0.99% gain for the day. This price remains significantly below its 52-week high of USD 37.29, highlighting the stock's recent volatility and the market's cautious stance despite the company's growth projects. The current market cap stands at $3.30 billion, reflecting investor valuation amid ongoing financing and leasing risks.