Galaxy Digital CEO Mike Novogratz announced that the firm’s Helios data center campus has reached a $15 billion valuation, underscoring the company's strategic pivot toward high-performance AI infrastructure.

Key Points

• The Helios data center in West Texas has secured 1.6 gigawatts of power capacity through ERCOT.
• AI cloud provider CoreWeave has leased 800 megawatts of the facility, representing a $7.5 billion capital investment.
• Galaxy Digital manages $12.3 billion in digital assets and recently launched the GalaxyOne retail fintech platform.
• The company reported a $241 million net loss for the fourth quarter of 2025 despite its infrastructure expansion.
• Galaxy Digital officially transitioned to a Nasdaq-listed company, marking its first 10-K filing as a public entity.

Why it Matters

This valuation highlights the growing convergence between digital asset firms and the massive energy demands of the artificial intelligence sector. By securing significant power capacity, Galaxy Digital is positioning itself as a critical infrastructure provider for the next decade of computing growth.