The Bull Case For GLXY With Duncan & Rittenhouse Research

In this episode of Empire, Jason Yanowitz hosts Matt from Rittenhouse Research and Duncan from Flood Capital to discuss Galaxy Digital, a company they believe is undervalued. The discussion breaks down Galaxy's business into three main components: its balance sheet, crypto business lines, and datacenter business. The conversation covers the strength and importance of Galaxy's balance sheet, especially when compared to Bitcoin miners attempting to pivot to AI datacenters, and how it enables Galaxy to expand its crypto business and datacenter capabilities. The podcast also explores Galaxy's diverse crypto business lines, including trading, lending, investment banking, and asset management, and dives deep into the potential of its datacenter business, Helios, and the macro trends driving the demand for AI infrastructure. The guests discuss the financial implications, potential growth, and future prospects of Galaxy Digital, as well as the risks and complexities of the business.