Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13284
Markets: 103996
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino
Market Cap
24h Vol
13284
Cryptocurrencies
61.88%
Bitcoin Share
BTC Pulse 2025-03-31 16:16:00

Galaxy Digital’s AI Hosting Deal with CoreWeave Could Be Worth Billions, Analyst Says

Galaxy Digital’s AI Hosting Deal with CoreWeave Could Be Worth Billions, Analyst Says

Analyst Sees AI Deal as Catalyst Galaxy Digital’s 15-year AI hosting deal with CoreWeave can be a turning point for the company, says H.C. Wainwright & Co. analyst Mike Colonnese. Announced during Galaxy’s Q4 2024 earnings conference call, the deal involves converting 200 MW of Galaxy’s Helios mining facility in Texas to host 133 MW of AI infrastructure. The agreement is to produce $4.5 billion in revenue over the contract’s lifespan—roughly $300 million annually. That would be 70% of Galaxy’s 2024 revenue, with terms the analyst characterized as “very favorable,” yielding $2.26 million per MW in annual revenue at roughly 90% EBITDA margins. Helios Expansion Offers Billions in Future Value Even at estimated retrofit expenses of $1.46 billion to $1.73 billion, project debt will pay for most of them. CoreWeave will also cover electricity and operational expenses, reducing Galaxy’s long-term costs. Colonnese noted that Galaxy has 600 MW of unused capacity at Helios, which offers much space for growth. He estimates the data center segment potentially worth more than $3.5 billion one day—value not yet factored into Galaxy’s current stock price. Q4 Results Beat Expectations Galaxy released strong Q4 2024 numbers with $698.1 million of revenue—a 388% increase from Q3 and above consensus and analysts’ expectations. Net income was $174.3 million (52 cents per share) and also exceeded expectations. The quarter included a $560.6 million realized gain on digital assets and a $166.3 million special charge for a settlement with the New York Attorney General in relation to LUNA-related claims. Even as he lowered his target price to C$30 from C$35, Colonnese maintained a Buy rating, citing Galaxy’s positioning and huge potential upside in the AI infrastructure space.

Most Read News

Market Cap
24h Vol
61.88%
Bitcoin Share
332
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.