– Galaxy Digital raised $460 million for Texas AI data center
– 12.77 million Class A shares sold to major investor
– Helios site to offer 133 MW capacity by 2026
– 15-year deal with CoreWeave for computing power
– Potential $1 billion annual revenue from partnership
– Helios campus may reach 3.5 GW capacity
– Galaxy shifts focus from Bitcoin mining to AI workloads
– Industry trend: Miners moving toward AI services
Galaxy Digital raised $460 million through a private placement of 12.77 million Class A shares to a major institutional investor.
The funds will transform its Texas Bitcoin mining facility into a large-scale AI data center with 133 megawatts of computing capacity by early 2026.
A 15-year partnership was signed with AI infrastructure provider CoreWeave to supply high-performance computing power, potentially generating $1 billion in annual revenue.
At full build-out, the Helios campus could reach 3.5 gigawatts, making it one of the largest AI-oriented data facilities in North America.
This move signifies Galaxy's shift from Bitcoin mining towards diversified computing and energy-intensive AI workloads.
The transition reflects a broader industry trend where crypto miners are moving hardware and power infrastructure toward AI services due to increasing hash-rate competition and rising electricity costs.
