Key insights
- The author expresses confusion over Galaxy Digital's (GLXY) underperformance compared to IREN, an AI data center company. They expected GLXY's US listing and exposure to crypto and AI data centers to drive growth, but the market hasn't responded as anticipated. The post suggests GLXY's foundational business and upcoming data center capacity should warrant a higher valuation, implying potential downside risk if market perception doesn't shift.
I am very confused.
I see $IREN blasting off because they are AI data centers, Canadian coming from previous Bitcoin farming... And yet $GLXY who is basically in coinbase style business, while also being a top stalker, farmer, also entering AI is not ripping?
I expected their US listings to bring more exposure to their crypto + AI datacenter business but it seems the market is skipping their numbers
Am I missing something here?
Iren 5Gw ambition // GLXY 1.6 live, 2.7 Gw upcoming
Less speculative, has a foundational business already and adding another large stream.