Why Wall Street values some crypto firms for AI power, not just crypto (opens original article in a new tab)

Wall Street is increasingly valuing crypto companies for their AI infrastructure assets, such as data centers and power supplies, over traditional crypto activities, as seen in Galaxy Digital's share price surge tied to its Helios project.

• Investors are valuing crypto firms for their AI infrastructure over traditional crypto activities.
• Galaxy Digital's share price increased due to its Helios data center project for AI and high-performance computing.
• AI infrastructure requires significant power, land, and data centers, which some crypto firms already control.