What to know:
- Galaxy and CoreWeave expanded their partnership, with CoreWeave committing to an additional 260 MW of critical IT load at Galaxy’s Helios data center, increasing total capacity to 393 MW for AI and HPC operations.
- This move accelerates Galaxy’s shift from bitcoin mining to digital infrastructure, positioning the company as a major participant in the AI-driven data center market and supporting long-term growth through diversification.
Well, well, well, look who’s getting serious about the future—Galaxy Digital! They just shook hands with CoreWeave to pump up their commitment to artificial intelligence (AI) and high-performance computing (HPC) with a new 260 megawatts of power at their Helios data center in West Texas. That takes their grand total to 393 MW. And you thought your phone charger was impressive.
This isn’t some half-hearted attempt at tech. No, no, no. This is Galaxy Digital putting all their chips on the table and showing the world they’re done with the whole bitcoin mining gig. Who needs digital gold when you’ve got the shiny future of AI and HPC, right? Chief honcho Mike Novogratz must be smiling so wide he might need a new face. He’s all about diversifying the company’s hustle. Blockchain, crypto, AI—what’s next? Pizza delivery drones? Who knows! 😜
The result? Galaxy’s shares shot up by 8% in Toronto trading, and they’re up a glorious 60% from their lows in April. Talk about a comeback! Meanwhile, CoreWeave didn’t feel left out either, seeing their shares jump by 13%. In case you’re wondering, those numbers aren’t the kind you see every day at the breakfast table. 🍳
It’s not just about power, either. Phase I is already underway, with 133 MW covered over 15 years. And Phase II? It’s not just a dream—it’s happening. The construction’s moving at a pace fast enough to leave your WiFi in the dust. Phase I will be ready by 2026, and Phase II is expected to follow suit in 2027. Hold on to your seats, folks, because this is going to be a bumpy ride! 💨
To top it all off, Galaxy’s got some serious real estate on their hands. The Helios site has 800 MW of approved capacity, and another 1.7 gigawatts are just waiting for their moment in the spotlight. Talk about potential! It’s like a gold rush—except, instead of shovels, they’re mining the future of tech. ⚡️
And don’t forget, Galaxy might just have some tricks up their sleeves. They’re looking to cash in on their old bitcoin mining infrastructure. Who said you can’t reinvent yourself and make a fortune while doing it? 💰
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2025-04-23 18:38