AIThe Blockabout 4 hours ago
StoneX Says Galaxy AI Data Center Undervalued
2 min read
StoneX analyst Mark Palmer states Galaxy Digital's Helios AI data center is undervalued despite CoreWeave debt concerns. The firm holds $35.6 billion in debt as of June, yet CoreWeave contracted 800 megawatts of capacity. Galaxy delivered 133 MW in July and reported an $85 million net loss for the second quarter, while shares rose 2.5% to $16.57 on Monday.
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