Huge de-risking for $GLXY and their $18B revenue contract with $CRWV 🌌🌌🌌
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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CoreWeave ($CRWV) secured a $6.3 billion contract with NVIDIA ($NVDA) through 2032, where NVIDIA is obligated to purchase any unsold cloud capacity. This significantly de-risks revenue for Galaxy Digital ($GLXY), whose Helios data center is contracted to CoreWeave, providing increased revenue visibility and upside potential in the AI/HPC compute market. This makes CoreWeave a much stronger counterparty for Galaxy Digital.
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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.