The Blackrock deal for Aligned at $8M per MW for 5GW capacity suggests Galaxy Digital (GLXY), with its 3.5GW capacity valued at $4.3M per MW, is significantly undervalued. GLXY's potential 1.6GW custom AI HPC capacity at a single campus, compared to Aligned's distributed 48 campuses, makes it attractive for large AI clients and could drive its stock price higher. This deal makes GLXY's current valuation appear to be a steal, especially considering its additional crypto business.