Galaxy Digital Stock Rises 2% on Thursday, But Retail Traders Remain Bearish Amid Helios Data Center Delays

On Thursday (July 9), Galaxy Digital (GLXY) stock rose nearly 2% as crypto-linked equities gained alongside Bitcoin's recovery, according to Stocktwits. However, retail sentiment on the platform has remained bearish over the past week, with traders citing frustration over unclear tenant timelines for the company's Helios and Project Merlin data center projects.

Galaxy confirmed earlier this week that its Helios data center campus in Texas completed its first phase, delivering 133 megawatts of critical IT load capacity to CoreWeave. Wall Street remains optimistic despite recent weakness, with Compass Point and Rosenblatt both maintaining buy ratings this month, and the stock holding an average analyst price target of $41.44 according to Koyfin data.