Galaxy Digital — Blitz Index 44 (C)
One site delivered on time — one tenant, one bet.
Confidence: High · Category: ai-infra
Score breakdown
| Section | Score | Detail |
|---|---|---|
| A · Speed | 16 / 25 | Helios Phase I 133MW delivered on time; data-center adj. EBITDA turned positive (+$11M) |
| B · Moat | 33 / 60 | 526MW · 15-year CoreWeave lease ($10.4B minimum); single-tenant concentration |
| C · Creative destruction | 8 / 15 | Mining campus → AI data-center conversion; Helios anchored the second curve |
| D · BlitzFailing | −13 | D1: 9.875% $3.5B + $5.8B near-term obligations; founder 49.2% voting; LUNA $120M settlement |
Radar axes (0–100): Moat 55 · Speed 64 · Creative 53.
Watch item
Gates: G1 ✓ (data-center second curve, first lease revenue) · G2 ✓ estimated. 21 points below the threshold — first score. D −13 sits two points above the blitzfailing watch line.
Strengths
- Phase I on-time delivery
- $1B+/yr lease revenue visibility
- 90%+ lease EBITDA margins
- ERCOT 1.6GW approved
Concerns
- Single-tenant CoreWeave concentration
- High-coupon debt stack
- Founder control 49.2%
- Ontario litigation pending
More AI Infra companies
Other AI Infra names on the Blitz Index, highest score first: NVIDIA (87/A), Arista Networks (72/B), Astera Labs (61/B).
Next earnings
Oct 27, 2026 · Before open · Confirmed
Coverage
Galaxy Digital Inc. · Q3 2026 due Oct 27, 2026 (BMO) · Score 44 · Grade C
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BlitzLab scores businesses against a scholar’s standard — not investment advice. No price targets, no buy/sell recommendations. Figures are from SEC filings (XBRL) as labeled in the source scorecard.