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Galaxy's Mike Novogratz says share price is detached from value and will buy more stock

NewsFeeds update

Galaxy Digital chief executive Mike Novogratz said GLXY's share price is far detached from the company's value and that he will buy more shares from now on. He said Galaxy delivered phase one of its Helios project in Texas, with 800 MW leased under long-term contracts.

MiningChainCatcherAIBullish

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The story so far: Galaxy Digital stock and CoreWeave concerns

StoneX repeated its Buy rating on Galaxy Digital with a $57 target, saying the valuation understates its AI data centre business and ignores digital assets, amid worries over CoreWeave's borrowing costs and debt. Galaxy Digital shares fell 30% over two weeks on CoreWeave concerns. CEO Mike Novogratz now says GLXY's…

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  1. StoneX says Galaxy Digital is undervalued and repeats Buy rating with $57 target

  2. Galaxy Digital falls 30% in two weeks on CoreWeave concerns as StoneX calls stock undervalued

  3. Galaxy's Mike Novogratz says share price is detached from value and will buy more stock

  4. Galaxy's Novogratz says he will buy more GLXY shares

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.