Galaxy Digital (GLXY) said it elaborated its strategic partnership with Coreweave (CRWV), which reinforces its ambitions in the fast-growing artificial intelligence (AI) and High-Performance Computing (HPC) data center industry.
According to a new deal, Coreweave will have access to an additional 260 megawatts (MW) by Critical IT load on Galaxy’s Helios Data Center -Campus in West Texas, bringing the overall committed capacity to AI and HPC operations on site to 393 MW.
The move marks another shift from Galaxy away from Bitcoin Mining, with Helios-Campus acquired from ARGO Blockchain in 2022 and moving towards becoming a cornerstone of the next gene digital infrastructure. CEO MIKE NOVOGRATZ emphasized the strategic value of diversifying the company’s business across Blockchain, Krypto and AI, which highlighted the long -term potential to maximize shareholder value.
Galaxy shares rose as much as 8% in Toronto trade and have now increased by 60% from their lower April. Coreweave rose as much as 13%, which recently traded 10% higher.
This message follows the March phase in the leasing agreement, which covered 133 MW over 15 years. The new phase II obligation reflects the conditions of the initial agreement and reflects both parties’ confidence in the website’s capacity and strategic location. With infrastructure upgrades that are already moving, phase is expected to be service-clear in mid-2026, while phase II is coming online in 2027.
The site benefits from 800 MW approved capacity and an additional 1.7 gigawatts that are currently undergoing evaluation – positioning galaxy for further expansion.
Coreweave preserves exclusivity for even more capacity
Meanwhile, Galaxy is also investigating the possibilities of making money on his inheritance Bitcoin Mining Infrastructure, signaling a crucial turn in its operational focus.
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Update (April 23, 14:49 UTC): Rewrite heading to add context.
