Galaxy Digital Secures Texas Grid Approval for Major Data Center Power Expansion

In a significant move for the crypto infrastructure sector, Mike Novogratz’s Galaxy Digital successfully obtained approval from ERCOT, Texas’s electric grid operator, to expand power capacity at its Helios data center campus in West Texas. This texas grid milestone authorizes an additional 830 megawatts of power allocation, more than doubling the site’s total approved load to over 1.6 gigawatts—a strategic win that reflects the explosive demand for AI computing infrastructure.

The approval follows completion of a required large-load interconnection study and represents a major step in Galaxy Digital’s long-term expansion plan. The company has also locked in a service agreement with AEP Texas, with Wind Energy Transmission Texas serving as the interconnection provider, solidifying the infrastructure foundation needed to support enterprise-scale AI and high-performance computing (HPC) workloads.

Historic Texas Grid Milestone Powers Galaxy’s AI Infrastructure Push

The significance of this texas grid approval extends beyond simple capacity additions. Galaxy Digital is positioning itself as a critical player in the AI computing infrastructure race, a sector experiencing unprecedented growth as enterprises seek powerful computational resources for machine learning and data processing. The Helios campus expansion directly supports this strategic direction, transforming Galaxy from a cryptocurrency financial services provider into an infrastructure powerhouse.

CEO Mike Novogratz emphasized that power demand for AI compute in Texas is “unprecedented,” and the regulatory approval puts the company in a commanding position to capitalize on this trend. Texas has emerged as a preferred hub for data center development due to its abundant power resources and favorable regulatory environment, making this grid expansion particularly valuable for Galaxy’s growth trajectory.

Helios Campus Nears Operation as Power Capacity Doubles

Construction is already underway on the first phase of Helios under a strategic partnership with CoreWeave, a leading AI compute provider. Power delivery is expected to commence in early 2026, meaning Galaxy’s expansion timeline aligns with accelerating AI infrastructure demand.

The infrastructure buildout demonstrates Galaxy’s commitment to diversifying beyond traditional cryptocurrency assets. By developing a world-class data center portfolio with reliable power infrastructure, the company is positioning itself to serve institutional clients and enterprise AI workloads—a market segment with far greater growth potential than consumer crypto trading.

Stock Gains Traction Amid Broader Market Correction

Galaxy Digital shares advanced 4% during Thursday’s trading session, a notable performance given the broader crypto sector decline. Bitcoin itself retreated to $78.77K from earlier highs above $96,000, weighing on major crypto stocks like Coinbase (down 3%-5%), Circle, and MARA Holdings.

Galaxy Digital’s outperformance underscores investor recognition that the company’s infrastructure assets provide tangible diversification from pure cryptocurrency exposure. The stock’s strength amid broader market weakness suggests confidence in the company’s strategic pivot toward AI infrastructure—a sector with structural tailwinds independent of crypto market cycles.

Looking Ahead: Texas Expansion and Beyond

With the Helios expansion green-lighted, Galaxy Digital is actively exploring additional land and power options throughout Texas and other strategic states. The company’s ability to secure prime real estate with reliable power access will be crucial in capturing market share in the booming AI infrastructure market. As enterprises worldwide race to build AI capabilities, companies controlling premium compute infrastructure—backed by reliable texas grid access—stand to capture significant value in the years ahead.