Galaxy Digital ($GLXY (+3%) ) is actively building up a data center business - this fits in with the latest capital measure and could be used (in part) for site acquisitions.
Key points
Galaxy has stated in its transcripts that it has around 40 potential data center locations or in the pipeline.
- Recent capital infusion (~$460m) was announced - officially to accelerate the Helios campus (Texas) and for general purposes; however, the money could also be used for other sites/investments.
- In parallel the internal data center organization is growingSeveral positions have been advertised (e.g. Head of Site Developments, Head of Finance, Director Data Center Operations).
- On LinkedIn there is now a "Head of Data Center Growth & Development" is now listed on LinkedIn (Justin Jordan) - so management roles are already being filled.
Interpretation: It is plausible that some of the funds will be used for acquisitions from the 40-location pipeline - but (still) speculativeas long as Galaxy does not publish an explicit purchase declaration for further sites.
https://job-boards.greenhouse.io/galaxydigitalservices?error=true
www.linkedin.com/in/jjordan1984?utm_source=