GLXY
Galaxy Digital (NASDAQ: GLXY) priced notes totaling $3.
Article Summary
HOLD- Galaxy Digital (NASDAQ: GLXY) priced notes totaling $3.507 billion through its Galaxy Helios Data Centers II subsidiary on Thursday, with the private offering to help finance part of a new Texas data center project.
- The notes have a 9.875% annual interest rate and are due on August 1, 2031, with interest to be paid semiannually in cash starting February 1 2027, and the offering is expected to close July 28 if market and customary closing conditions are met.
- Galaxy plans to put up two buildings with eight data halls on about 260 acres in Dickens County with the project built around 400 megawatts of utility capacity and 260 MW of critical IT capacity.
- The debt will amortize at 4% annually based on the original principal amount, with semiannual amortization payments scheduled at least 10 months after the project is completed.
- Galaxy specified that the financing would cover only portion of development and construction costs without disclosing the project's total expected cost.
- Galaxy Digital plans to use net proceeds for project costs and debt-service reserves.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 351.1% | 25% | 100.0 ptsExceptional (351.1%) - Hypergrowth |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | 76.2% | 20% | 100.0 ptsMassive Upside (76.2%) - Target: $40.94 vs Current: $23.24 |
| Gross Margin % ? | 2.0% | 15% | 10.0 ptsRazor-Thin (2.0%) - Weak pricing power |
| Drawdown from 52-Wk High ? | -49.4% | 15% | 100.0 ptsDeep Discount (-49.4%) - Best entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About GLXY
- Galaxy Digital Inc. engages in the digital asset and data centre infrastructure businesses in North America and internationally.
- It operates through Digital Assets, Data Centers, and Treasury and Corporate segments.
- The Digital Assets segment provides over-the-counter spot and derivatives trading, lending, and structured products, as well as mergers and acquisitions advisory, and equity and debt capital markets services.
- This segment also manages investments in the digital assets' ecosystem; and offers blockchain-centric technology and infrastructure solutions, including staking, tokenization, and custodial technology.
- The Data Centers segment comprises the Helios infrastructure assets.
- The Treasury and Corporate segment engages in managing a portfolio of digital assets, ventures, private equity, and fund investments, as well as in bitcoin mining operations.
- It also offers GalaxyOne, a retail financial technology platform designed for individual investors seeking access to traditional and digital markets.
- The company was founded in 2018 and is headquartered in New York, New York.