Galaxy Digital Secures $1B+ Annual Revenue as Helios Mine Transforms into AI Hub for CoreWeave
GLXY sits 54% above its 52-week low of $16.43.
Summary
Galaxy Digital has completed Phase I power delivery of 133 MW at its Helios data center to CoreWeave under a 15-year lease, marking a strategic pivot from bitcoin mining to AI infrastructure. This follows the company's Q1 net loss of $(216) million and its stated focus on AI/HPC data center expansion, as noted in its May 8th 10-Q. The full multi-phase agreement with CoreWeave is projected to generate over $1 billion in average annual revenue, providing a substantial and stable new income stream for Galaxy Digital. This significantly de-risks the business from crypto price volatility and materially improves its long-term financial outlook. Rent commenced in Q2 2026, with Phase II deliveries expected in the first half of 2027.
At the time of this announcement, GLXY was trading at $25.25 on NASDAQ in the Technology sector, with a market capitalization of approximately $9.9B. The 52-week trading range was $16.43 to $45.92. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: The Block.