Why Is GALAXY DIGITAL INC A (GLXY) Stock Up Today?

Galaxy Digital Inc (GLXY) shares rose 13.18% to close at $15.97. The primary driver was a sector-wide rally among Bitcoin miners pivoting to data centers, triggered by CoreWeave results that eased fears regarding artificial intelligence demand.

What Happened

The move followed strong earnings from CoreWeave, which alleviated concerns about AI infrastructure spending. This positive sentiment lifted peers in the neocloud and mining sector, with Galaxy Digital gaining 13% and Hut 8 rising 9%. Analysts at Jefferies maintained a Buy rating on the stock, while Morgan Stanley kept an Overweight stance but lowered its price target to $27. Additionally, FMR LLC disclosed a 10.18% reduction in its Galaxy Digital stake for September 2026.

What The Data Shows

Fundamentals indicate a market cap of $2.8 billion with a trailing twelve-month EPS of -1.95. Revenue declined 43.9% over the same period, and the net margin stands at -1.2%. The stock carries a high beta of 3.58 and trades within a 52-week range of $11.78 to $36.10. Over the last eight sessions, the stock had fallen 11.8% from $16.00 to $14.11 before this reversal. Recent insider activity includes purchases by CEO Michael Novogratz and Director Deason Douglas R in early November, alongside a sale by Director Rhonda Adams Medina in late October. In the last 90 days, insiders executed three buys totaling $10.2 million and two sells totaling $332,000. Unusual options activity over the last 36 hours included three notable prints, with put premium at $773,000 and call premium at zero. The largest single print was $303,000.

What To Watch

Investors should monitor the broader AI infrastructure sector for continued momentum following the CoreWeave report. The stock’s high beta suggests volatility may persist as the market digests the shift from mining to data center operations.