Galaxy Digital Inc. (NASDAQ:GLXY) shares are moving higher on Thursday after the company completed ERCOT interconnection studies and secured approval for additional power capacity.
Galaxy Secures Additional 830 Megawatts
Galaxy Digital announced it completed a Large Load Interconnection Study and received approval from the Electric Reliability Council of Texas for an additional 830 megawatts at its Helios data center campus.
This approval effectively doubles the total approved power capacity to over 1.6 gigawatts, positioning Galaxy as a significant player in the AI and high-performance computing infrastructure market.
The new capacity will support multi-tenant partnerships and is a crucial step in the long-term development of the Helios campus, which is currently under construction. The company is on track to deliver initial power in early 2026, marking a significant advancement in its infrastructure capabilities.
Galaxy Sees Positive Momentum
The stock is currently trading 19.4% above its 20-day simple moving average (SMA) and 1.6% below its 100-day SMA, demonstrating short-term strength while showing some resistance at longer-term averages. Shares have increased 28.95% over the past 12 months and are positioned closer to their 52-week highs than lows, indicating a strong upward trend.
The RSI is at 59.50, which is considered neutral territory, suggesting that the stock is neither overbought nor oversold. Meanwhile, MACD is above its signal line, indicating bullish momentum for the stock.
The combination of neutral RSI and bullish MACD suggests positive momentum.
- Key Resistance: $30.50
- Key Support: $25.50
Earnings & Analyst Outlook
Investors are looking ahead to the next earnings report on February 3, 2026.
- EPS Estimate: $-0.17
- Revenue Estimate: $16.53 billion
- Valuation: P/E of 50.3x (Indicates premium valuation)
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $44.80. Recent analyst moves include:
- Citizens: Initiated with Market Outperform (Target $60.00) (Dec. 9, 2025)
- Goldman Sachs: Neutral (Lowered Target to $26.00) (Dec. 5, 2025)
- Goldman Sachs: Neutral (Lowered Target to $30.00) (Nov. 21, 2025)
Valuation Insight: While the stock trades at a premium P/E multiple, the strong consensus and rising estimates suggest analysts view the growth prospects as justification for the 52% upside to analyst targets.
Section: Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for Galaxy Digital, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Bullish (Score: 83/100) — Stock is outperforming the broader market.
- Value: Risk (Score: 4/100) — Trading at a steep premium relative to peers.
The Verdict: Galaxy Digital’s Benzinga Edge signal reveals a classic “High-Flyer” setup. While the Momentum (83) confirms the strong trend, the extremely low Value (4) score warns that the stock is priced for perfection—investors should ride the trend but use tight stop-losses.
Also Read: Crypto Custodian Company BitGo Targets Nearly $2 Billion Valuation In NYSE IPO
GLXY Stock Surges
GLXY Price Action: Galaxy Digital shares were up 7.59% at $30.33 at the time of publication on Thursday, according to Benzinga Pro data.
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