Crypto-focused companies Galaxy Digital and Robinhood have shown surprising resilience in the face of a prolonged cryptocurrency downturn, powered by aggressive expansions into AI infrastructure, prediction markets, and broader fintech services. While Bitcoin and many altcoins have tumbled from peak levels, both firms have leveraged diversified revenue streams and shareholder-friendly initiatives to maintain upward momentum in their stock prices.
Galaxy Digital’s transformation from a crypto trading desk into an infrastructure powerhouse is increasingly capturing investor attention. The company recently delivered its first operational data hall at the Helios campus in Texas to AI provider CoreWeave, activating long‑term lease revenue. With 133 megawatts already online and approval for an additional 830 MW from ERCOT, management projects the site could eventually reach 3.5 gigawatts, supporting over $1 billion in annual recurring revenue — largely decoupled from crypto volatility. CEO Mike Novogratz has emphasized financial flexibility, and a $200 million share buyback program has helped push GLXY shares from around $20 in February to roughly $33.50 by mid‑June. Wall Street remains largely bullish, with 10 of 12 analysts rating the stock a Buy and an average 12‑month target of $39.50.
Robinhood has similarly reduced its reliance on crypto trading. First‑quarter crypto revenue fell 47% to $134 million, but prediction‑market contract revenue surged 320% to $147 million, driven by a record 8.8 billion contracts traded. CEO Vlad Tenev stressed the shift away from narrating Bitcoin’s price, focusing instead on building durable products. New AI‑powered trading tools, a children’s savings app, and the listing of tokens like Worldcoin underscore a broadening fintech footprint. The company also returned $250 million through share repurchases and announced a 10% workforce reduction, which was taken positively by the market. HOOD stock traded near $96 in mid‑June, with daily volumes hitting all‑time highs. Cantor Fitzgerald raised its target to $130, while Bernstein projected prediction‑market revenue could reach $586 million in 2026.
Despite the broader crypto slump, both firms have demonstrated that diversification can insulate their valuations. As investors seek exposure to digital‑asset infrastructure without direct token risk, these business models are likely to remain in focus. The news also included the listing of Worldcoin on Robinhood, which saw WLD fall 15% amid continued market weakness.
