Benchmark Reiterates Buy Rating for Galaxy Digital with Target Price of $57

Galaxy Digital Reaffirmed as Buy by Benchmark

In a recent update, Benchmark reaffirmed its Buy rating for Galaxy Digital (GLXY) and kept its target price at $57, signaling strong confidence in the company's growth trajectory.

Data Center Expansion Fuels Future AI Demand

The Helios data center in Texas expanded by 830 megawatts, bringing total capacity to 1.6 gigawatts. The uncommitted portion of this capacity offers flexibility to meet future AI computing demands. The company's current business already accounts for nearly 70% of the stock's valuation, with the new capacity seen as a potential upside catalyst.

Strategic Investment in Tenbin Labs

In addition to infrastructure growth, Galaxy Digital is expanding its on-chain physical asset strategy through Galaxy Ventures' investment in Tenbin Labs. This move aims to open new avenues for long-term value creation.

Attractive Upside Potential

Galaxy Digital shares traded around $31.75 on Tuesday, leaving significant room for growth if the $57 price target is reached – representing roughly an 80% upside.