90%+ EBITDA margin on $GLXY’s first 800MW lease with $CRWV going to bring in ~$900M of EBITDA/yea... | Duncan

90%+ EBITDA margin on $GLXY’s first 800MW lease with $CRWV going to bring in ~$900M of EBITDA/yea...

Twitter

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

Quick Insights

The author maintains a "max long" sentiment on Galaxy Digital ($GLXY), citing a lease agreement with Coreweave ($CRWV) for 800MW that is expected to generate approximately $900M in annual EBITDA at a 90%+ margin. There is potential for further upside as $GLXY is currently leasing out an additional 830MW and developing the new Merlin site (50-500MW). The author also anticipates a possible credit renegotiation to investment grade (IG) for the initial 800MW lease.

Ask about this postAnswers are grounded in this post's content.

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.