Core Insights - Galaxy Digital CEO Mike Novogratz believes Solana will dominate the financial markets in the future due to its tailored design for such applications [1][2] - Solana is currently recognized as the fastest blockchain, with transaction speeds significantly surpassing Ethereum [2][3] Performance Metrics - Solana averages around 950 transactions per second, while Ethereum only manages about 18 transactions per second [3] - Solana's annualized average reward rate is 6.7%, compared to Ethereum's 2.92% [5] Investment Activities - Galaxy Digital, along with Jump Crypto and Multicoin Capital, led a private investment in Forward Industries to establish a significant Solana-focused treasury [6] - Forward Industries holds approximately 6.82 million SOL, valued at nearly $1.4 billion [6] - Galaxy Digital itself holds 22,409 SOL, totaling $4.57 million [7] Market Performance - As of the latest data, Solana's price was $203.67, reflecting a 3.42% decrease in the last 24 hours [7] - Galaxy Digital shares increased by 0.58% in after-hours trading, following a 3.50% rise during regular trading [8]

Galaxy Digital Inc. GLXY CEO Mike Novogratz said in an interview aired Tuesday that the political landscape could influence the cryptocurrency cycle, depending on President Donald Trump’s choice for the next Federal Reserve Chair.Fed Under Political Pressure, Says NovogratzIn response to fellow cryptocurrency advocate Anthony Pompliano’s question about the 4-year Bitcoin BTC/USD cycle, Novogratz said that the “political situation” makes predicting the top of the cycle that much more difficult.“Depending on ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. While Bitcoin trades sideways in what feels like crypto winter, Galaxy Digital Holdings (NASDAQ:GLXY) CEO Mike Novogratz sees a brewing revolution that could reshape how the entire financial system operates—and it’s not just about Bitcoin anymore. The crypto veteran believes we’re entering what he calls the “Season of Soul,” where Solana and other high-speed blockchains are stealing Bitcoin’s thunder by pr ...

Core Insights - As of September 17, 2025, three stocks in the financial sector are identified as potentially overbought, which may concern momentum-focused investors [1][2]. Company Summaries - **PagSeguro Digital Ltd (PAGS)**: Reported net revenue of R$5.1 billion and recurring net income of R$565 million for Q2 2025. The stock has gained approximately 19% over the past month, with a 52-week high of $10.78. The RSI value is 82.4, indicating overbought conditions. The stock closed at $10.74, with a momentum score of 58.79 and a value score of 95.74 [7]. - **Credicorp Ltd (BAP)**: UBS analyst raised the price target from $257 to $318, maintaining a Buy rating. The stock has increased around 7% over the past month, reaching a 52-week high of $33.17. The RSI value is 71.7, and the stock closed at $270.79 [7]. - **Galaxy Digital Inc (GLXY)**: The stock gained approximately 3.4% to close at $31.83. The RSI value is 71.7, indicating it is nearing overbought territory [7].

Core Viewpoint - Boost Run, LLC is set to go public through a business combination with Willow Lane Acquisition Corp, aiming to leverage the growing demand for AI cloud infrastructure and high-performance computing solutions [1][2][3] Company Overview - Boost Run specializes in AI Cloud Infrastructure and high-performance computing, providing secure and production-ready infrastructure across various GPU architectures [2][3] - The company has established partnerships with major suppliers like Nvidia and Lenovo, enhancing its distribution capabilities [2][3] - Boost Run's platform allows for on-demand GPU compute, catering to enterprise, government, and regulated industries [2][3] Financial Projections - Boost Run anticipates over 250% revenue growth in 2025 compared to 2024, with adjusted EBITDA margins exceeding 75% and high teens free cash flow margins [2][3] - The transaction values the combined entity at $614 million post-money, with plans to utilize over $112 million in cash from Willow Lane's trust account for GPU purchases and software development [3][9] Leadership and Expertise - Andrew Karos, the founder and CEO of Boost Run, has a strong background in algorithmic trading and has previously led a successful trading firm, Blue Fire Capital, which generated over $500 million in revenues [3][4] - The senior management team at Boost Run includes experienced professionals from Blue Fire and Galaxy Digital, bringing expertise in hardware, software, and cybersecurity [5][6] Market Opportunity - The merger positions investors to capitalize on the emerging multi-cloud industry, as businesses increasingly seek secure and efficient AI computing solutions [3][6] - The demand for AI cloud infrastructure is expected to grow significantly, with over $145 billion in private capital raised for AI-specific applications since 2024 [6][9]

Core Viewpoint - Galaxy Digital Inc. is actively accumulating Solana (SOL) tokens, purchasing over $280 million worth, but the market reaction has been negative, with a decline in the company's share price [1][2]. Group 1: Company Actions - Galaxy Digital purchased 1.2 million SOL for $283.87 million in the last 24 hours, bringing total SOL purchases over five days to 6.5 million, valued at $1.53 billion [2]. - The company made a strategic investment in Forward Industries, Inc. to fund a SOL-focused treasury, raising $1.65 billion in cash and stablecoin commitments [4]. - Galaxy Digital announced a partnership to tokenize its shares on the Solana blockchain, marking a significant milestone as the first publicly traded U.S. company to allow its equity to be held directly on a major blockchain [4]. Group 2: Market Reaction - Despite the significant accumulation of SOL, Galaxy Digital's shares fell by 1.72% in pre-market trading [2]. - The price of SOL decreased by over 5% in the last 24 hours, which may have influenced the decline in Galaxy's share price [3]. - Year-to-date, Galaxy Digital's stock has increased by over 71%, but it currently exhibits a low Growth score compared to other cryptocurrency-focused stocks [5].

Core Insights - BDACS has selected GK8 as its custody technology provider to enhance its institutional digital asset offerings in Korea [1][3] - The collaboration aims to provide secure, compliant, and scalable custody services tailored to meet regulatory requirements [2][3] Company Overview - GK8 is a Galaxy company that specializes in institutional digital asset custody, offering self-custody technology and digital asset management solutions [4] - BDACS is the leading regulated digital asset custodian in Korea, providing innovative custody solutions and has a strategic partnership with a top-tier commercial bank [6][7] Technology and Services - GK8's Impenetrable Custody architecture includes the Impenetrable Vault, uMPC, and a Policy-Engine, enabling tailored custody solutions for different jurisdictions [2] - The partnership will also facilitate institutional staking and the management of tokenized assets, including stablecoins [2][3] Market Position and Strategy - The collaboration is part of Galaxy's strategy to expand its footprint in Korea, developing a comprehensive suite of institutional services including custody, staking, lending, and risk management [3] - Both companies aim to set a high standard for institutional digital asset infrastructure in Korea, focusing on security, policy control, and operational efficiency [3][6]

Group 1 - Core CPI remains steady while jobless claims reach the highest level since October 2021 [1] - Galaxy Digital's stock has improved its Relative Strength Rating from 65 to 83, indicating strong performance [1] - Bitdeer Technology also achieves an 84 RS Rating, reflecting positive market sentiment [2] Group 2 - Iren's stock experiences a 15% increase following earnings reports and updates on Bitcoin mining and AI cloud initiatives [4] - Iren's Composite Rating climbs to 96, showcasing its strong market position [4] - Nasdaq plans to invest $50 million in Gemini, indicating ongoing interest in tokenized trading [4]

Summary of Galaxy Digital FY Conference Call - September 09, 2025 Industry Overview - The conference primarily focused on the **Bitcoin mining** and **high-performance computing (HPC)** sectors, discussing the evolution of business models and the integration of AI technologies into data center operations [2][4][70]. Key Companies Discussed 1. **CleanSpark** - Operates 50 exahash across 33 data centers in four states [6]. - Transitioned into Bitcoin mining through energy management expertise, focusing on utility market opportunities [7][8]. 2. **Mara Holdings** - Owns approximately 60 exahash and controls about 1.7 gigawatts of power worldwide [9]. - Shifted from an asset-light model to owning 70% of its operations, significantly reducing electricity costs [10][11]. 3. **Cypher Mining** - Developed five data centers with a capacity of 477 megawatts, producing about 23 exahash [14]. - Positioned to capitalize on the demand for large power interconnects due to the rise of AI and HPC [15]. 4. **Galaxy Digital** - Operates a digital asset business and a data center business, with $6 billion in assets under management [17]. - Transitioned its Helios site from Bitcoin mining to a traditional data center model, securing significant lease agreements [18]. 5. **Hut 8** - Merged with US Bitcoin Corp, focusing on energy infrastructure for technology [19][21]. - Holds about 1 gigawatt of capacity under management, with 90% contracted [23]. 6. **Bit Digital** - Shifted focus from Bitcoin mining to HPC, landing significant contracts and recently IPO'd its HPC business, White Fiber [28][30]. Core Insights and Arguments - **Energy Management**: Companies are leveraging their expertise in energy management to optimize Bitcoin mining operations, with a focus on low-cost power sources [7][10][11]. - **HPC Demand**: The rise of AI and HPC is creating new opportunities for data centers, with companies adapting their strategies to meet this demand [15][70]. - **Operational Efficiency**: Many companies emphasized the importance of operational efficiency and the ability to quickly deploy data centers to capitalize on market opportunities [38][66]. - **Market Positioning**: Companies are positioning themselves to take advantage of the evolving landscape, with a focus on securing large power contracts and developing innovative data center solutions [49][80]. Important but Overlooked Content - **National Security Concerns**: The discussion highlighted the potential national security implications of Bitcoin mining and data center operations, particularly regarding the consolidation of foreign ownership in critical infrastructure [77][78]. - **Long-term Strategy**: Companies are focusing on long-term strategies that involve not just Bitcoin mining but also the integration of AI and HPC capabilities, indicating a shift in business models to adapt to changing market conditions [70][81]. - **Client Relationships**: The importance of building strong relationships with clients and utility companies was emphasized, as these relationships are crucial for securing power contracts and ensuring operational success [34][41]. Conclusion The conference underscored the dynamic nature of the Bitcoin mining and HPC industries, with companies adapting their strategies to leverage energy management, meet the rising demand for AI, and navigate the complexities of market positioning and national security. The emphasis on operational efficiency, client relationships, and long-term strategic planning will be critical for success in this evolving landscape.

Core Insights - SOL reached $219, with Forward Industries raising $1.65 billion, indicating a significant liquidity influx for Solana and its ecosystem [1][4] - Bitcoin increased by 3% to $113K, influenced by weak U.S. jobs data, which also positively impacted Solana's performance [2] - Solana's ecosystem market cap grew by 4% to $283 billion, with trading volume at $26 billion [3] Market Developments - Forward Industries completed a record treasury deal, raising $1.65 billion in cash and stablecoins, supported by major firms like Galaxy Digital and Jump Crypto, leading to a 128% surge in its share price [4] - Solana's performance improved with SOL rising 8% to $219, aided by Gemini's launch of Solana staking and USDC perpetuals in Europe [6] - SOL Strategies became the first Solana treasury approved for Nasdaq listing, trading under the ticker STKE, while Galaxy Digital tokenized its SEC-registered shares on Solana [7] DeFi Insights - Solana's total value locked (TVL) in DeFi increased by 6% to $12.2 billion, previously reaching an all-time high of $14.4 billion [10] - Weekly DEX volume for Solana decreased by 14%, while the 30-day cumulative volume reached $124 billion [11]