GM $GLXY bulls, follow @RHouseResearch immediately. $CRWV tenant risks are overblown, $45/share ... | Duncan

GM $GLXY bulls, follow @RHouseResearch immediately. $CRWV tenant risks are overblown, $45/share ...

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Note: AI-generated summary based on third-party content. Not financial advice. Read more.

Quick Insights

The recent Nvidia $6.3B guarantee for CoreWeave's (CRWV) unsold cloud capacity significantly de-risks Galaxy Digital (GLXY)'s data center tenant exposure. This agreement ensures CRWV can meet its lease obligations to GLXY, with annual rent projected to reach over $1B by 2028. Based on Goldman Sachs' report, this single contract could value GLXY at $45/share by 2028, and potentially $200/share if all 3.5GW are leased under similar terms.

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About Duncan

Duncan

By FloodCapital

Investing content focusing on $GLXY and AI Robotics the two largest opportunities I see in the world right now. Not affiliated with @thinkingusd.