Galaxy Digital Holdings (GLXY) is currently undervalued as the market overlooks its significant AI data center business, treating it primarily as a crypto proxy. Key catalysts on August 5th earnings include potential financing announcements for its Helios AI data center, news on CoreWeave's (CRWV) 200MW option, and updates on additional power capacity that could significantly boost future revenue. This presents a potential long-term opportunity as the market recognizes GLXY's data center capabilities and partnerships with hyperscalers.