"Galaxy Digital's Helios AI data center in West Texas has over 1.6 gigawatts of approved capacity, representing more than $15 billion in projected infrastructure investment. CEO Mike Novogratz emphasized that the demand for compute power is a structural condition, not a market cycle."
"The Nasdaq listing is described by Novogratz as the start of the next chapter for Galaxy Digital, which has spent eight years building across institutional markets, asset management, onchain infrastructure, and AI data centers."
"The first 800 megawatts at Helios were leased to Coreweave, a leading AI cloud provider, representing over $7.5 billion in capital investment, with an additional 830 megawatts approved under a build-to-suit model."
Galaxy Digital filed its first annual report as a Nasdaq-listed company on April 8, 2026. The Helios AI data center in West Texas has over 1.6 gigawatts of approved capacity, representing more than $15 billion in projected investment. CEO Mike Novogratz stated that Galaxy aims for a multi-hundred-billion-dollar digital infrastructure portfolio. The company has spent eight years building in institutional markets and plans to acquire more data center sites. The Helios site was acquired during the 2022 crypto bear market, showcasing a pattern of strategic moves during downturns.
Read at news.bitcoin.com
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