Stocks · News reference
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Formation Securities announced plans to launch a tokenized securities trading venue on the Solana blockchain in early 2027, with Galaxy Digital Inc. shares expected to be available at launch.
Morgan Stanley lowered its price target for Galaxy Digital Inc. to $27 from $43 while maintaining an Overweight rating.
U.S. futures rose, but Dole fell 8.3% after missing Q3 estimates. CEVA, CYPH, CLNE, SMRT, OBX, ASST, NVDA and BMNR also declined premarket.
Bernstein calls the AI data center stock drop overblown, forecasting just a 2% to 4% national capacity impact post-elections.
Shares of Galaxy Digital Inc. experienced a decline in early trading following the election of Gina Hinojosa as Texas governor, raising concerns over potential regulatory hurdles for data center projects in the state.
Galaxy Digital reported Q3 2026 net income of $323 million, with its Helios data center generating $80 million in quarterly leasing revenue. Management demonstrated capital discipline by delaying a Phase II lease to protect shareholder value and authorized a $200 million share repurchase program. The company is positioning itself as a long-term infrastructure play in data centers and digital assets, with $4.9 billion in cash and stablecoins.