Galaxy Digital is poised to revolutionize the AI-driven data center market with its enhanced partnership with CoreWeave, solidifying its position as a major player in next-gen digital infrastructure.
Galaxy shares surged 8% and are now 60% higher than their April lows, as the company deepens its strategic partnership with CoreWeave to accelerate its shift from bitcoin mining to digital infrastructure. This move positions Galaxy as a major participant in the AI-driven data center market and supports long-term growth through diversification.
Under a new agreement, CoreWeave will gain access to an additional 260 megawatts (MW) of critical IT load at Galaxy’s ‘Helios’ data center campus in West Texas, bringing the total committed capacity for AI and HPC operations at the site to 393 MW. This expansion marks another significant step by Galaxy away from bitcoin mining, with the “Helios” campus acquired from Argo Blockchain in 2022 moving toward becoming a cornerstone for next-gen digital infrastructure.
CEO Mike Novogratz emphasized the strategic value of diversifying the company’s business across blockchain, crypto and AI, highlighting the long-term potential to maximize shareholder value. The move reflects both parties’ confidence in the site’s capacity and strategic location, with infrastructure upgrades already in motion.
The “Helios” campus benefits from 800 MW of approved capacity and an additional 1.7 gigawatts currently undergoing evaluation — positioning Galaxy for further expansion. CoreWeave retains exclusivity for even more capacity, solidifying the partnership and ensuring a strong foundation for future growth.
Meanwhile, Galaxy is also exploring opportunities to monetize its legacy bitcoin mining infrastructure, signaling a decisive pivot in its operational focus. This strategic shift underscores the company’s commitment to diversification and long-term growth, as it seeks to maximize shareholder value through expanded capabilities in AI and HPC.
