Galaxy Digital AI: $460M Investment to Transform Bitcoin Mining Site into AI Data Center

Galaxy Digital AI: A $460 Million Investment to Revolutionize AI Infrastructure

Galaxy Digital, a prominent name in the cryptocurrency and blockchain industry, has taken a transformative step by securing a $460 million private investment. This funding will be used to convert its former Bitcoin mining site in Texas into a cutting-edge AI data center. This strategic move not only highlights the increasing demand for AI infrastructure but also reflects a broader trend of crypto-native companies diversifying their operations. Let’s explore the details of this groundbreaking project and its implications for the AI and cryptocurrency sectors.

The $460 Million Investment: A Game-Changer for Galaxy Digital

Galaxy Digital’s $460 million investment is a pivotal milestone in its journey to becoming a leader in AI infrastructure. The funding, secured from one of the world’s largest asset managers, involves the issuance of 12.77 million Class A shares at $36 per share. The transaction is set to close by October 17, 2025, pending approval from the Toronto Stock Exchange.

This substantial investment will fuel the development of the Helios data center, enabling Galaxy Digital to tap into the rapidly growing demand for artificial intelligence (AI) and high-performance computing (HPC) workloads. By diversifying its revenue streams, Galaxy Digital is adapting to the evolving technological landscape and positioning itself as a key player in the AI revolution.

Repurposing the Helios Bitcoin Mining Site for AI

The Helios data center, located in Dickens County, Texas, is the centerpiece of Galaxy Digital’s ambitious plans. Once a Bitcoin mining site, the Helios campus is being transformed into a state-of-the-art AI data center with a total potential capacity of 3.5 gigawatts. Phase One of the project is expected to deliver 133 megawatts of IT capacity by early 2026, with additional phases planned for further expansion.

This strategic pivot comes as Bitcoin mining profitability declines due to rising hashrates, reduced mining rewards, and increasing energy costs. By transitioning to AI infrastructure, Galaxy Digital is leveraging its existing resources to meet the surging demand for computational power driven by advancements in AI technologies.

A 15-Year Partnership with CoreWeave

A cornerstone of Galaxy Digital’s strategy is its 15-year lease agreement with CoreWeave, a leading provider of AI cloud infrastructure. Under this agreement, CoreWeave will utilize 800 megawatts of power at the Helios campus to support AI and HPC workloads. This partnership is projected to generate over $1 billion in annual revenue for Galaxy Digital, underscoring the immense potential of the AI data center industry.

The remaining 2.7 gigawatts of capacity at Helios will be leased to additional clients, further solidifying Galaxy Digital’s position as a major player in the AI infrastructure market.

Strategic Advantages of the Helios Campus

The Helios data center is strategically located in West Texas, a region renowned for its business-friendly environment and robust power infrastructure. The campus benefits from the Electric Reliability Council of Texas (ERCOT) grid, which provides reliable and cost-effective energy. Additionally, the area’s low latency and access to a skilled workforce make it an ideal location for a high-performance AI data center.

The Rising Demand for AI and HPC Infrastructure

The AI data center industry is experiencing explosive growth, driven by the increasing computational needs of advanced AI models and applications. As AI technologies continue to evolve, the demand for powerful and efficient data centers has never been higher.

Galaxy Digital’s investment in the Helios data center positions the company to capitalize on this trend. By leveraging its expertise in large-scale power management and infrastructure development, Galaxy Digital is well-prepared to support the rapid expansion of AI and HPC workloads, ensuring it remains at the forefront of this transformative industry.

The Decline of Bitcoin Mining and the Shift to AI

The transition from Bitcoin mining to AI data centers is a growing trend among cryptocurrency companies. The profitability of Bitcoin mining has been significantly impacted by factors such as increasing hashrates, reduced mining rewards, and rising energy costs. As a result, many crypto-native firms are exploring new opportunities in the AI and HPC sectors.

Galaxy Digital’s decision to repurpose its Bitcoin mining site into an AI data center is a strategic response to these challenges. By doing so, the company is not only mitigating the risks associated with the volatile cryptocurrency market but also tapping into a rapidly expanding industry with immense growth potential.

Institutional Investors Backing Galaxy Digital’s Vision

The involvement of one of the world’s largest asset managers in Galaxy Digital’s $460 million investment highlights the growing interest of institutional investors in the AI infrastructure space. This financial backing validates Galaxy Digital’s strategic vision and underscores the broader appeal of AI as a transformative technology.

In addition to the recent investment, Galaxy Digital previously secured $1.4 billion in funding in August 2025 to cover 80% of the Helios buildout costs. With strong financial support, the company is well-positioned to execute its ambitious plans and establish itself as a leader in the AI data center industry.

The Broader Trend: Crypto Companies Embracing AI

Galaxy Digital’s pivot to AI data centers is part of a larger trend among cryptocurrency companies. As Bitcoin mining profitability declines, many firms are shifting their focus to the AI and HPC sectors. This transition reflects a growing recognition of AI’s transformative potential and the critical need for robust infrastructure to support its growth.

By leveraging their expertise in large-scale power management and infrastructure development, crypto-native firms are uniquely positioned to meet the increasing demand for AI computing resources. This trend is expected to drive significant innovation and investment in the AI data center industry in the years to come.

Conclusion

Galaxy Digital’s $460 million investment in the Helios data center is a bold and strategic move to capitalize on the surging demand for AI infrastructure. By repurposing its former Bitcoin mining site into a cutting-edge AI data center, the company is diversifying its revenue streams and positioning itself as a leader in the rapidly evolving AI and HPC markets.

With a strategic location, robust financial backing, and a long-term partnership with CoreWeave, Galaxy Digital is well-equipped to navigate the challenges and opportunities of the AI data center industry. As the demand for computational power continues to grow, the Helios campus is set to play a pivotal role in shaping the future of AI infrastructure.