Why Wall Street values some crypto firms for AI power, not just crypto

Galaxy Digital’s stock surge points to a new trend: Investors are rewarding some crypto firms for AI infrastructure, not just digital asset exposure.

Power over tokens: Why AI is changing crypto valuations

For a long time, the value of crypto companies was closely tied to traditional indicators such as trading volumes, digital asset holdings, mining income and assets under management.

Investors generally judged these firms by their exposure to Bitcoin, Ether and the broader growth of blockchain technology.

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