Overview
- Galaxy’s annual report said ERCOT, the Texas grid operator, cleared the Helios campus for more than 1.6 gigawatts of power, with the first 800 megawatts leased to AI cloud firm CoreWeave and tied to over $7.5 billion in capital investment.
- The company added that a further 830 megawatts approval led it to value the West Texas site well above $15 billion.
- Galaxy shares climbed about 11% after the filing, while Cantor Fitzgerald kept an Overweight rating and cut its price target to $30.
- Beyond infrastructure, the firm manages about $12.3 billion in platform assets and has launched GalaxyOne with FDIC‑insured yield accounts, commission‑free trading, and an option to auto‑reinvest interest into bitcoin.
- The CoreWeave contract provides a long-term revenue stream tied to AI computing even as Galaxy reported a $241 million net loss.