PANews reported on May 19 that according to CoinDesk, Rittenhouse Research gave Galaxy Digital (GLXY) a "strong buy" rating, citing its strategy of fully transforming from Bitcoin mining to AI data centers. Analysis pointed out that Galaxy's acquisition of the Helios data center was originally an emergency measure during the crypto winter, but after the outbreak of AI demand, the asset became a key growth engine. Rittenhouse expects Helios to bring $1.7 billion in EBITDA and $32 billion in equity value, far exceeding the volatility and high investment of the mining business. Galaxy has now completely withdrawn from mining and focused on AI leasing business. Analysts say that this transformation may be the best strategic choice for the crypto industry in recent years.
Galaxy Digital's transformation into an AI data center is favored, and research institutions give GLXY a "strong buy" rating
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