Galaxy Digital’s GLXY stock rose on Tuesday after investors weighed the company’s new crypto-backed lending product and its expanding artificial intelligence infrastructure business. Shares closed Aug. 25 at $24.79, up 8.54%, after touching an intraday high of $25.15.

The move came as Galaxy launched a Crypto Portfolio Line of Credit through GalaxyOne. The product allows eligible customers to borrow against Bitcoin, Ethereum, and Solana through a single revolving credit facility without selling their crypto holdings.

GalaxyOne launches multi-asset crypto credit line

GalaxyOne customers can combine eligible BTC, ETH, and SOL holdings as collateral for one line of credit. The platform also accepts staked SOL, enabling customers to keep receiving applicable staking rewards while borrowing against those assets.

Galaxy said pledged collateral will not be rehypothecated while it supports an active credit line. In other words, the company will not lend or reuse those assets elsewhere while they remain pledged as collateral.

Borrowers can keep funds inside GalaxyOne or withdraw proceeds in U.S. dollars or USDC. Galaxy said funding is typically available immediately after a credit line opens, although some transactions may take one or two business days.

The product debuts with an 8.99% annual percentage rate and no origination fee. It uses an open-term revolving structure with interest-only monthly payments.

Galaxy also said the 8.99% APR is variable rather than fixed. The company can change the rate with 30 days’ notice, and rates in selected states may be lower.

Credit line designed to provide liquidity without crypto sales

The lending product is intended for customers who want cash while retaining exposure to their digital asset holdings. Borrowers may use the funds for taxes, property purchases, home projects, investments, or other expenses.

Galaxy said staked SOL can continue earning applicable staking rewards while pledged as collateral. That structure allows customers to preserve staking exposure while accessing liquidity through the same account, which helps explain why the company framed the offering as part of its broader retail platform rather than a one-off loan product.

“We’re excited to bring a competitive crypto-backed borrowing product to market via our growing retail platform,” said Zac Prince, managing director of GalaxyOne.

Prince said Galaxy’s institutional infrastructure enables the company to offer security, competitive pricing, and greater flexibility. The credit line is available to eligible customers in 40 U.S. states.

Galaxy expands Texas data center portfolio

Galaxy Digital is also enlarging its Texas data center portfolio as demand rises for artificial intelligence and high-performance computing capacity. The company disclosed several additional sites during its Aug. 5 earnings call.

Its planned power portfolio now totals about 5,730 megawatts across Helios, Merlin, Caspian, and Selene locations. Helios I represents 800 MW, while Helios II adds another 830 MW of potential capacity.

Galaxy has also outlined 1,000 MW each for Helios III and Helios IV. Caspian accounts for 700 MW, and Selene represents about 900 MW.

Merlin I currently represents about 76 MW of potential capacity, while Merlin II could add another 426 MW. Galaxy said the broader Merlin location could ultimately support about 500 MW.

Morgan Stanley said new ERCOT review procedures should not affect the commercial schedule for Phase II of Helios I. That phase is under contract with CoreWeave and has a planned commercial date in the second quarter of 2027.

The company’s lending rollout and infrastructure expansion place two different parts of its business in focus at once: retail crypto financial services on one side and large-scale power development on the other. Morgan Stanley maintained an Overweight rating on Galaxy Digital and a $37 price target for GLXY stock.