Galaxy Digital swaps Bitcoin rigs for AI servers in Texas
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Galaxy Digital is reinventing its Texas operations, turning a former Bitcoin mining site into a massive AI data center after securing $460 million from a top-tier global investor.
The funds will accelerate the Helios campus expansion, which is projected to handle 133 megawatts of computing power by early 2026.
The project aligns with a long-term deal with AI cloud provider CoreWeave, set to utilize the facility for high-performance AI workloads over a 15-year period.
Analysts project the partnership could generate more than $1 billion in yearly revenue, highlighting how crypto-focused firms are increasingly leveraging their infrastructure for AI applications.
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The Helios site, eventually capable of 3.5 gigawatts, positions Galaxy as a significant player in North America’s AI landscape. While CoreWeave has reserved part of the capacity, Galaxy plans to offer the remainder to other clients, blending corporate expansion with strategic asset utilization.
This pivot reflects broader industry trends: as Bitcoin mining rewards decline, crypto companies are exploring alternative uses for their high-capacity facilities. CoreWeave’s own acquisition of Core Scientific demonstrates the growing overlap between crypto infrastructure and AI computing.
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