Benchmark reiterates Galaxy Digital buy rating with target price of $57

Benchmark reiterates its buy rating on Galaxy Digital (GLXY) and maintains its target price of $57. Analysis indicates that the Helios data center in Texas has added 830 megawatts of capacity, bringing the total capacity to 1.6 gigawatts. The unsigned portion provides flexibility for future AI needs. The existing business accounts for nearly 70% of the stock price, and adding capacity is considered a potential value-added option. Galaxy Ventures invests in Tenbin Labs to expand its on chain physical asset layout. GLXY's stock price was around $31.75 on Tuesday, with a target price corresponding to approximately 80% upside potential.