Galaxy Digital Doubles Assets: Massive Data Center Expansion in Texas Approved

Mike Novogratz’s company reaches a crucial milestone for its ambitious AI infrastructure plans. Galaxy Digital (GLXY) has received approval from ERCOT, the Texas grid operator, to add no less than 830 megawatts of power to the Helios data center complex in West Texas. This massive expansion doubles the total approved capacity at the site to over 1.6 gigawatts.

In response to this technical triumph, Galaxy shares rose 4% on Thursday, marking a red day for the rest of the crypto sector. While Bitcoin dropped below $96,000 and names like Coinbase (COIN), Circle (CRCL), and MARA Holdings (MARA) saw declines of 3%-5%, Galaxy managed to move upward against the trend.

830 Megawatt Capacity: Official Approval Granted

The expansion approval follows the completion of ERCOT’s mandatory large-load interconnection study. This green light not only signifies an administrative victory but also a strategic win for Galaxy’s long-term vision. The beast-mode scale of capacity justifies regulators’ confidence in the company’s execution.

Galaxy has also entered into a service agreement with AEP Texas, with Wind Energy Transmission Texas acting as the interconnection provider. This logistical architecture forms the supporting infrastructure for the massive energy demand.

AI and High-Performance Computing: The Heart of the Expansion

The expansion supports Galaxy’s ambitions in artificial intelligence (AI) and high-performance computing (HPC). The company is working closely with AI specialist CoreWeave, which is leading the first phase of Helios. Construction is reportedly progressing as planned.

CEO Mike Novogratz stated in a release that the demand for electrical power for AI data processing in Texas is “unprecedented.” This remarkable shift in demand positions Galaxy in a strong growth matrix. Meanwhile, the company is exploring additional opportunities for land and energy sources both in Texas and other states.

Power Supply Begins Early 2026

The realistic timeline anticipates power delivery starting in February 2026. This near-term deadline underscores the urgency and preparation behind this facility. With the current date at the beginning of 2026, Galaxy is on the verge of this critical operational milestone.

Crypto Market Diverges: Galaxy Wins While Sector Breathes

Galaxy’s stock surge sharply contrasts with the broader malaise in the crypto sector. This suggests that investors recognize specific value in company-specific infrastructure development, independent of overall market sentiment. Galaxy’s real estate-backed capacity and long-term agreements provide a counterbalance to volatility.

The company, which combines crypto financial services with data center operations, demonstrates how traditional business activities can bring stability to a volatile sector.

Future Outlook: Expansion Beyond Texas

With this massive capacity project successfully approved, subsequent phases are likely. Galaxy’s ability to execute such projects at scale sets precedents for future expansions. The combination of official support, strategic partnerships, and concrete timelines makes this data center complex a probable blueprint for further growth in other states.

The data center landscape is evolving rapidly as AI demand explodes. Galaxy Digital positions itself as a crucial enabler of this transformation.