Galaxy Digital Inc.
GLXY · Data Center Landlord · New York, NY, USA
$29.26
+3.5% today
Market Thesis
Galaxy is converting its former West Texas bitcoin-mining site into the Helios AI/HPC data center campus, leasing capacity to CoreWeave under a long-term (15-year) lease. The power angle is an exceptional grid position: over 1.6 GW of LLIS-complete, ERCOT-approved and utility-contracted capacity, with a stated path to over 3.5 GW — making it primarily a power-rich data center landlord rather than a compute operator.
Power Position
Operational · energized0.13 GW
Contracted · not operational1.50 GW
Announced · pipeline1.90 GW
Operational power is energized and earning today. Contracted is signed but not yet drawing load. Announced is pipeline — grid agreements and stated intent. The gap between them is where the risk, and the re-rating, live.
Key Sites & Contracts
Recent News
Jun 27
Jan 15, 2026: Galaxy completed ERCOT interconnection studies and secured approval for an additional 830 MW at Helios, doubling total approved/utility-contracted capacity to over 1.6 GW; first data hall delivered to CoreWeave in April 2026 with substantially all 133 MW of Phase I targeted by end of Q2 2026.