Galaxy Digital (NASDAQ:GLXY) surged 11.32% to $21.15 on Thursday after announcing an ambitious goal of developing “multi-hundred-billion-dollar” worth of digital infrastructure assets as it captures a significant share in the rapidly growing AI market.
The Helios Flagship
In its first annual report with the Nasdaq, Galaxy Digital said its flagship data center Helios would represent an investment worth more than $15 billion, making it an asset with durable, high-return characteristics for shareholders.
Helios, Galaxy’s flagship AI data center campus in West Texas, was approved to develop 1.6 gigawatts of capacity to power the next generation of AI and high-performance computing.
The first 800 megawatts leased to CoreWeave, one of the leading AI cloud providers, represents over $7.5 billion of capital investment alone.
Combined with the newly approved 830 megawatts in a build-to-suit model, Helios likely represents well north of $15 …