Galaxy Digital secures $460 million in investment to build a massive AI data center in Texas
Galaxy Digital has received $460 million in private investment to transform its former bitcoin mining site in Texas into a large artificial intelligence data center. The company announced on Friday that the transaction involves the purchase of 12.77 million Class A shares at a price of $36 per share, with the proceeds to be used specifically for general corporate purposes and expanding its Helios campus, expected to provide 133 megawatts of IT capacity by early 2026. The transaction is expected to be completed around October 17, 2025, pending approval from the Toronto Stock Exchange.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana News Update: Major Institutions Invest Billions While Solana Boosts Its Scarcity Approach
- Solana developers propose reducing future SOL emissions by 22M tokens to accelerate disinflation, targeting 1.5% terminal inflation twice as fast. - Institutional adoption grows via staking-enabled ETFs like VanEck's and Bitwise's BSOL , creating dual-income streams through exposure and yield. - Despite $424M in BSOL assets, Solana's price fell below $140 support, with derivatives data signaling short-term selling pressure and crowded long positions. - Coinbase's Vector acquisition enhances Solana's inst
Bitcoin Latest Updates: Macroeconomic Factors and Earnings Challenges Drive 44% DeFi Downturn
- Market analysts predict a 44% correction in DeFi and crypto sectors due to macroeconomic risks, Fed policy uncertainty, and weak corporate earnings. - HIVE Digital faces scrutiny over Bitcoin holdings reduction and shareholder dilution, while Hyster-Yale reports Q3 losses amid industry margin pressures. - Data center infrastructure emerges as a growth outlier with $11.1B backlog and $320B 2030 market projection, though labor shortages and permitting delays persist. - Goldman Sachs adjusts energy sector o
Ethereum Updates Today: Institutional Confidence Faces Challenges Amid Ethereum's Price Fluctuations and Upcoming Upgrades
- Galaxy Digital's 7,098 ETH withdrawal from Binance raises concerns over Ethereum's institutional activity and market stability amid macroeconomic pressures. - ETH faces $993M long liquidation risk below $2,600 and $1.07B short liquidation risk above $2,900, highlighting leveraged position fragility. - Institutional staking inflows remain steady despite declining ETH futures open interest (-7% weekly) and reduced ETF net inflows ($10M vs. $65M in October). - Upcoming Dencun upgrade (EIP-4844) aims to redu
Ethereum Updates: Consumer Graphics Cards Drive Cost-Effective and Decentralized Ethereum Scaling
- zkSync's Airbender prover achieved L1 block proofs using two RTX 5090 GPUs, praised by Vitalik Buterin as a "huge milestone" for Ethereum's scalability. - The breakthrough enables "gigagas L1" expansion, potentially reducing fees and enabling near-zero L2 costs through consumer-grade hardware accessibility. - Succinct's SP1 Hypercube demonstrated 99.7% real-time L1 proving under 12 seconds with 16 RTX 5090s, advancing ZK tech alongside zkSync's progress. - Buterin cautioned against over-optimism, noting
Trending news
MoreCrypto prices
More
