Galaxy Digital Secures ERCOT Approval for Additional 830 MW, Doubling Helios Data Center Capacity to Over 1.6 GW
GLXY has more than doubled off its 52-week low of $8.2.
Summary
Galaxy Digital announced ERCOT approval for an additional 830 megawatts at its Helios data center, doubling its total approved power capacity to over 1.6 gigawatts for AI and HPC infrastructure.
Key Events · Product Development and Regulatory · GLXY
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Major Capacity Expansion Approved
Galaxy Digital received approval from the Electric Reliability Council of Texas (ERCOT) for an additional 830 megawatts (MW) of computing demand at its Helios data center campus in West Texas.
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Total Capacity Doubled
This approval doubles Galaxy's total ERCOT-approved and utility-contracted power capacity at Helios to over 1.6 gigawatts (GW), significantly advancing its AI and high-performance computing (HPC) infrastructure buildout.
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Strategic Market Positioning
The expansion positions Galaxy among the largest and fastest-growing data center developers in North America, with construction underway for initial power delivery beginning in early 2026.
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Service Agreement Executed
A service agreement with AEP Texas Inc. has been executed for this additional capacity, ensuring the necessary infrastructure is in place.
Analysis · GLXY · Crypto Assets
This significant regulatory approval and capacity expansion positions Galaxy Digital as a major player in the rapidly growing AI and high-performance computing data center market. Doubling the Helios campus's approved power capacity to over 1.6 GW provides a substantial runway for future growth and multi-tenant partnerships, strengthening the company's long-term strategic vision. This development is crucial for meeting the unprecedented demand for high-density, AI-ready data center infrastructure, enhancing Galaxy's operational capabilities and market position.
At the time of this filing, GLXY was trading at $29.00 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $11B. The 52-week trading range was $8.20 to $45.92. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.