Mentioned:
The race to provide GPU access to artificial intelligence companies continues to ramp up. And now, Galaxy Digital and CoreWeave are expanding on their partnership.
What’s happening:
- Galaxy Digital (TSX: GLXY) and CoreWeave (NASDAQ: CRWV) have expanded their existing deal for high performance computing at Galaxy Digital’s Helios data centre located in Texas
By the numbers:
- CoreWeave has exercised their option to access an additional 260 megawatts of capacity at Helios
- Galaxy Digital is now providing CoreWeave with a total of 393 megawatts over the next 15 years
Why it matters:
- CoreWeave is one of the most important companies in the world for artificial intelligence infrastructure and just recently completed a $1.5B USD IPO onto the Nasdaq, which included notable backing from Nvidia (NASDAQ: NVDA)
Going deeper:
- Galaxy Digital’s initial multi billion dollar deal with CoreWeave was the first major deal for high performance computing they have entered into at Helios after repurposing the facility from being exclusively used for Bitcoin mining
- Galaxy Digital just also recently received approval to list on the Nasdaq, following the United States Securities and Exchange Commission officially declaring their Form S-4 effective
