Galaxy Digital’s stock has been surging, and it’s not because of Bitcoin. Investors are rewarding the company for something different: AI infrastructure.
It’s a pattern that’s starting to show up across the sector. Some crypto-native companies are getting valued more for their AI capabilities than their digital asset exposure. Galaxy Digital, a well-known name in crypto markets, has seen its share price climb as Wall Street starts treating it like an AI play.
Why the shift? AI firms need compute, data centers, and infrastructure — and crypto companies already have a lot of that. The overlap is hard to ignore. Instead of pure crypto bets, investors are looking at companies that can serve the AI boom.
This doesn’t mean crypto is irrelevant. But the narrative is changing. The market is starting to price these companies on a different basis, and those with real AI infrastructure are getting the benefit.
Whether this trend holds depends on how much revenue these firms actually generate from AI versus traditional crypto operations. For now, though, the market has made up its mind.
