Rittenhouse Research has issued a bullish rating for Galaxy Digital (GLXY), citing its strategic shift away from Bitcoin mining towards AI data centers as the key driver. The research firm emphasizes that the company’s acquisition of Helios, initially intended to counter the crypto downturn, has now become a major growth engine thanks to the growing demand for AI resources. Rittenhouse projects Helios will generate $1.7 billion in EBITDA and $32 billion in equity value, substantially outweighing the volatility and high costs associated with traditional mining operations. Galaxy has fully exited mining to focus on AI data center leasing, and analysts believe this move could be one of the most successful strategic decisions within the crypto industry recently.