Galaxy Digital shares rose 1.69% after the company reported completion of initial infrastructure for its AI data center project. Retail sentiment remains over 60% bearish on trading platforms despite project milestones.
Galaxy Digital shares rose 1.69% on July 9, outperforming broader market gains as the company highlighted progress on its AI data center project. Investors appeared to reward the update even as sector peers delivered mixed results.
Retail trader sentiment remains bearish, with over 60% of positions on major trading platforms skewed negative and short interest at 12.3% of the float. This persistent skepticism suggests many investors are wagering against near-term upside despite the company’s operational advances.
The company completed phase one infrastructure for its new 2MW AI-focused data center, installing core power distribution and cooling systems. Galaxy Digital plans to commission GPU clusters and begin cloud AI workload hosting by Q4 to capture accelerating demand.
