Overview
- In its first annual report as a Nasdaq-listed company, Galaxy said its West Texas Helios campus now exceeds $15 billion in value.
- ERCOT has cleared more than 1.6 gigawatts of power for the site, including 830 megawatts approved for expansion.
- AI cloud provider CoreWeave leased the first 800 megawatts, a build that Galaxy ties to more than $7.5 billion in capital.
- Galaxy reported about $12.3 billion in platform assets as of December 31, 2025, and a $241 million net loss in the fourth quarter.
- CEO Mike Novogratz framed the shift as a long-range bet on rising demand for computing power and outlined plans to grow a diversified digital infrastructure portfolio.