Galaxy Digital's transformation into an AI data center is favored, and research institutions give GLXY a "strong buy" rating

PANews reported on May 19th that according to CoinDesk, Rittenhouse Research gave Galaxy Digital (GLXY) a "strong buy" rating due to its strategic shift from Bitcoin mining to AI data centers. Analysts pointed out that Galaxy's acquisition of Helios data center was originally an emergency measure during the Crypto Winter, but after the AI demand explosion, this asset became a key growth engine. Rittenhouse expects Helios will generate $1.7 billion in EBITDA and $32 billion in equity value, far exceeding the volatility and high investment of mining operations. Galaxy has now completely exited mining and focused on AI leasing business, with analysts suggesting this transformation might be the best strategic choice in the crypto industry in recent years.